Yum! Brands Inc (YUM)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 5,597,000 | 5,461,000 | 5,513,000 | 5,571,000 |
| Receivables | US$ in thousands | 757,000 | 647,000 | 656,000 | 622,000 | 680,000 | 579,000 | 598,000 | 565,000 | 646,000 | 548,000 | 525,000 | 508,000 | 569,000 | 522,000 | 530,000 | 511,000 | 623,000 | 527,000 | 535,000 | 543,000 |
| Receivables turnover | 9.35 | 10.91 | 10.66 | 11.16 | 10.06 | 11.59 | 11.17 | 11.76 | 10.19 | 11.75 | 11.96 | 11.56 | 9.93 | 10.73 | 10.37 | 10.97 | 8.98 | 10.36 | 10.30 | 10.26 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,076,000K ÷ $757,000K
= 9.35
Yum Brands Inc.'s receivables turnover ratio measures how many times the company collects its receivables during a specific period. A higher turnover ratio indicates that the company efficiently collects payments from its customers and manages its accounts receivables effectively.
Based on the data provided:
- The receivables turnover ratio for Q4 2023 is 9.35, showing a decrease from the previous quarter.
- The ratio has fluctuated over the past eight quarters, ranging from 9.35 to 11.76.
- On average, the company collects its receivables approximately 10.78 times a year.
It's important to note that a declining trend in receivables turnover may suggest potential issues with credit policies, collection procedures, or changes in customer payment patterns. On the other hand, an increasing trend is a positive indicator of efficient accounts receivable management.
Further analysis of related factors such as industry benchmarks, changes in credit terms, and sales growth is necessary to provide a more comprehensive evaluation of Yum Brands Inc.'s receivables turnover performance.
Peer comparison
Dec 31, 2023