Yum! Brands Inc (YUM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,597,000	1,325,000	1,575,000	904,000	1,294,000
Revenue	US$ in thousands	7,076,000	6,842,000	6,584,000	5,652,000	5,597,000
Net profit margin		22.57%	19.37%	23.92%	15.99%	23.12%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,597,000K ÷ $7,076,000K
= 22.57%

Yum Brands Inc.'s net profit margin has shown fluctuations over the past five years. In 2023, the net profit margin increased to 22.57% from 19.37% in 2022. This improvement suggests better efficiency in converting revenue into profit. However, it was lower than the margin recorded in 2021, where it stood at 23.92%. The net profit margin was the lowest in 2020 at 15.99% before recovering in 2019 to 23.12%. Overall, Yum Brands Inc. has demonstrated variability in its net profit margin performance in recent years.