Yum! Brands Inc (YUM)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,549,000 | 7,223,000 | 7,105,000 | 7,029,000 | 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 |
| Property, plant and equipment | US$ in thousands | 1,304,000 | 1,300,000 | 1,272,000 | 1,190,000 | 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 |
| Fixed asset turnover | 5.79 | 5.56 | 5.59 | 5.91 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,549,000K ÷ $1,304,000K
= 5.79
The fixed asset turnover of Yum! Brands Inc has demonstrated a generally upward trend over the past few years, indicating an improvement in efficiency in generating sales from its fixed assets. The ratio has increased from 4.48 as of March 31, 2020, to 5.79 as of December 31, 2024. This suggests that the company is utilizing its fixed assets more effectively to generate revenue.
The peak in the fixed asset turnover ratio was observed on September 30, 2024, at 6.10. This could signify a period of particularly efficient utilization of fixed assets to drive sales. However, it dipped slightly to 5.91 by March 31, 2024, and remained relatively stable around this level in the following quarters.
Overall, the increasing trend in the fixed asset turnover ratio indicates that Yum! Brands Inc has been optimizing its fixed asset investments efficiently to drive revenue growth. It is important for the company to continue monitoring and managing its fixed asset turnover to ensure sustained operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024