Yum! Brands Inc (YUM)

Payables 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
Cost of revenue (ttm)	US$ in thousands	3,264,000	3,262,000	3,238,000	3,198,000	3,164,000	3,158,000	3,172,000	3,148,000	3,082,000	2,995,000	2,959,000	2,938,000	3,027,000	2,913,000	2,787,000	2,657,000	2,473,000	2,293,000	2,393,000	2,539,000
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	173,000	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	14.29	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,264,000K ÷ $—K
= —

Based on the provided data, the payables turnover ratio for Yum Brands Inc. in Q4 2023 is 7.68. This indicates that the company is able to pay off its accounts payable obligations approximately 7.68 times during the quarter.

Unfortunately, there is no data available for the payables turnover ratio in the previous quarters of 2023, making it challenging to analyze the trend or compare the current performance with past periods.

However, when comparing the Q4 2023 payables turnover of 7.68 with the figure from Q4 2022, which was 7.18, it appears that Yum Brands Inc. has been able to improve its payables turnover efficiency over the year, demonstrating a higher frequency of paying off its accounts payable within a given period.

Although the absence of data for the other quarters of 2023 limits a comprehensive analysis, the improvement in payables turnover from the previous year suggests that Yum Brands Inc. may have enhanced its liquidity management and vendor payment practices.