Yum! Brands Inc (YUM)

Number of days of payables

		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
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	14.29	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	25.53	—	—	—

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

The number of days of payables for Yum Brands Inc. in Q4 2023 was 47.53 days, a slight decrease from 50.83 days in Q4 2022. This indicates that the company took, on average, approximately 47.53 days to pay its outstanding liabilities to suppliers and vendors during the fourth quarter of 2023. The decreasing trend suggests that Yum Brands Inc. may be managing its payables more efficiently, potentially negotiating better credit terms or streamlining its payment processes. It is also noteworthy that data for Q3, Q2, and Q1 2023 is not available in the table provided, making it difficult to assess the consistency of the trend throughout the year. This metric is important as it reflects the company's ability to effectively manage its working capital and cash flow by optimizing the timing of its payments.