Yum! Brands Inc (YUM)
Total asset 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 |
| Total assets | US$ in thousands | 6,231,000 | 6,071,000 | 5,848,000 | 5,749,000 | 5,846,000 | 5,779,000 | 5,790,000 | 5,816,000 | 5,966,000 | 6,419,000 | 5,649,000 | 5,550,000 | 5,852,000 | 6,061,000 | 6,421,000 | 6,085,000 | 5,231,000 | 5,003,000 | 4,674,000 | 4,744,000 |
| Total asset turnover | 1.14 | 1.16 | 1.20 | 1.21 | 1.17 | 1.16 | 1.15 | 1.14 | 1.10 | 1.00 | 1.11 | 1.06 | 0.97 | 0.92 | 0.86 | 0.92 | 1.07 | 1.09 | 1.18 | 1.17 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,076,000K ÷ $6,231,000K
= 1.14
Yum Brands Inc.'s total asset turnover ratio has been relatively stable over the past eight quarters, ranging between 1.14 and 1.21. This ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets invested.
In this case, Yum Brands Inc. has maintained a healthy total asset turnover ratio, reflecting effective utilization of its assets to generate sales. The slight fluctuations in the ratio over time suggest that the company's asset utilization efficiency has remained consistent, with no significant deterioration or improvement observed.
Overall, a consistent total asset turnover ratio for Yum Brands Inc. indicates that the company is effectively leveraging its assets to drive sales, which is a positive sign for investors and stakeholders looking at the company's operational efficiency and effectiveness in generating revenue.
Peer comparison
Dec 31, 2023