Yum! Brands Inc (YUM)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	2,318,000	2,187,000	2,139,000	1,503,000	1,930,000
Total assets	US$ in thousands	6,231,000	5,846,000	5,966,000	5,852,000	5,231,000
Operating ROA		37.20%	37.41%	35.85%	25.68%	36.90%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $2,318,000K ÷ $6,231,000K
= 37.20%

Yum Brands Inc.'s operating return on assets (operating ROA) has fluctuated over the past five years. The ratio stood at 36.96% in 2023, a slight decrease from 37.07% in 2022 and 36.26% in 2019. The highest operating ROA was observed in 2022 at 37.07%. Overall, Yum Brands Inc. has maintained relatively strong operating ROA figures, indicating efficient use of assets to generate operating profits.