Yum! Brands Inc (YUM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,549,000 | 7,076,000 | 6,842,000 | 6,584,000 | 5,652,000 |
| Total assets | US$ in thousands | 6,727,000 | 6,231,000 | 5,846,000 | 5,966,000 | 5,852,000 |
| Total asset turnover | 1.12 | 1.14 | 1.17 | 1.10 | 0.97 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,549,000K ÷ $6,727,000K
= 1.12
The total asset turnover ratio for Yum! Brands Inc has shown a consistent improvement over the years. It increased from 0.97 in December 31, 2020, to 1.10 in December 31, 2021, indicating that the company generated $1.10 in revenue for every $1 of assets in 2021. The trend continued in the subsequent years, reaching 1.17 in December 31, 2022, 1.14 in December 31, 2023, and 1.12 in December 31, 2024.
This upward trend suggests that Yum! Brands has become more efficient in utilizing its assets to generate revenue over the years. A higher total asset turnover ratio signifies that the company is generating more sales relative to its investment in assets, indicating improved operational efficiency and potentially greater profitability. Overall, the trend in total asset turnover for Yum! Brands Inc reflects positive management of its resources and potential for growth.
Peer comparison
Dec 31, 2024