Yum! Brands Inc (YUM)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	2,318,000	2,287,000	2,220,000	2,201,000	2,187,000	2,111,000	2,092,000	2,105,000	2,139,000	2,119,000	2,063,000	1,796,000	1,503,000	1,567,000	1,576,000	1,747,000	1,930,000	2,125,000	2,198,000	2,176,000
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
Operating profit margin		32.76%	32.40%	31.76%	31.71%	31.96%	31.45%	31.32%	31.68%	32.49%	32.92%	32.86%	30.57%	26.59%	27.97%	28.69%	31.16%	34.48%	38.91%	39.87%	39.06%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,318,000K ÷ $7,076,000K
= 32.76%

The operating profit margin of Yum Brands Inc. has shown consistent strength over the past eight quarters, fluctuating between 30.98% and 32.55%. This indicates a stable level of profitability in the company's operations. The highest operating profit margin was recorded in Q4 2023 at 32.55%, reflecting a robust performance during that period. Overall, the company has maintained healthy margins above 30% throughout the analyzed quarters, showcasing efficient cost management and revenue generation strategies. It is noteworthy that even during the COVID-19 pandemic, Yum Brands Inc. managed to sustain its operating profit margin above 30%, demonstrating resilience in the face of economic challenges.