Yum! Brands Inc (YUM)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,264,000 | 3,164,000 | 3,082,000 | 3,037,000 | 2,474,000 |
| Payables | US$ in thousands | — | — | — | — | 173,000 |
| Payables turnover | — | — | — | — | 14.30 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,264,000K ÷ $—K
= —
The payables turnover ratio for Yum Brands Inc. has shown a fluctuating trend over the past five years. In 2023, the ratio stands at 7.68, an increase from the previous year's 7.18. This indicates that the company is paying its suppliers approximately 7.68 times a year, demonstrating an efficient management of its accounts payable.
Compared to 2021 and 2019 where the ratio was 7.60 and 7.14 respectively, the current ratio reflects an improvement. However, in 2020, the ratio was slightly lower at 7.00.
Overall, Yum Brands Inc. has been effectively managing its payables turnover, maintaining a relatively stable performance over the years, with a notable increase in 2023. This trend suggests that the company is efficiently utilizing its accounts payable to support its operations and maintain good relationships with its suppliers.
Peer comparison
Dec 31, 2023