Yum! Brands Inc (YUM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | 14.30 | |
| Number of days of payables | days | — | — | — | — | 25.52 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Yum Brands Inc.'s number of days of payables has exhibited a fluctuating trend over the past five years. As of December 31, 2023, the company took approximately 47.53 days to pay its suppliers, showing an improvement from the previous year's figure of 50.83 days. This suggests that Yum Brands has become more efficient in managing its payables, potentially indicating better negotiation terms with suppliers or streamlined internal processes.
Comparing the current figure to historical data, it can be observed that Yum Brands' payables turnover has varied over the years. The number of days of payables stood at 48.03 days in 2021, 52.11 days in 2020, and 51.13 days in 2019. This inconsistency may reflect changes in the company's payment policies, operational dynamics, or external economic conditions.
Overall, a decreasing trend in the number of days of payables for Yum Brands Inc. signifies a positive development in its working capital management, indicating potential enhancements in liquidity and cash flow efficiency. However, continued monitoring of this metric is necessary to assess the company's ongoing ability to effectively manage its payables in the future.
Peer comparison
Dec 31, 2023