Yum! Brands Inc (YUM)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,076,000 | 7,059,000 | 6,991,000 | 6,940,000 | 6,842,000 | 6,713,000 | 6,679,000 | 6,645,000 | 6,584,000 | 6,437,000 | 6,279,000 | 5,875,000 | 5,652,000 | 5,603,000 | 5,494,000 | 5,606,000 | 5,597,000 | 5,461,000 | 5,513,000 | 5,571,000 |
| Property, plant and equipment | US$ in thousands | 1,197,000 | 1,157,000 | 1,162,000 | 1,162,000 | 1,171,000 | 1,114,000 | 1,192,000 | 1,181,000 | 1,207,000 | 1,193,000 | 1,211,000 | 1,215,000 | 1,235,000 | 1,229,000 | 1,265,000 | 1,252,000 | 1,170,000 | 1,151,000 | 1,193,000 | 1,212,000 |
| Fixed asset turnover | 5.91 | 6.10 | 6.02 | 5.97 | 5.84 | 6.03 | 5.60 | 5.63 | 5.45 | 5.40 | 5.18 | 4.84 | 4.58 | 4.56 | 4.34 | 4.48 | 4.78 | 4.74 | 4.62 | 4.60 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,076,000K ÷ $1,197,000K
= 5.91
The fixed asset turnover ratio for Yum Brands Inc. has shown consistency and stability over the past eight quarters. The ratio has ranged from 5.60 to 6.10, indicating that, on average, the company generates approximately $6 in revenue for every $1 invested in fixed assets.
A higher fixed asset turnover ratio is generally perceived positively as it suggests that the company is efficiently utilizing its fixed assets to generate revenue. Yum Brands Inc. has managed to maintain a relatively high fixed asset turnover ratio, which is a positive sign of operational efficiency.
Overall, the trend in Yum Brands Inc.'s fixed asset turnover ratio indicates that the company is effectively using its fixed assets to generate sales, which is a favorable indicator of operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023