Yum China Holdings (FRA:0YU) Inventory Turnover : 6.29 (As of Mar. 2024)

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What is Yum China Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Yum China Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €2,222 Mil. Yum China Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was €353 Mil. Yum China Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yum China Holdings's Days Inventory for the three months ended in Mar. 2024 was 14.50.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Yum China Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

Yum China Holdings Inventory Turnover Historical Data

The historical data trend for Yum China Holdings's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Yum China Holdings Inventory Turnover Chart

Yum China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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21.70

17.19

21.07

19.81

21.31

Yum China Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															5.78	5.67	5.92	5.13	6.29

Yum China Holdings Inventory Turnover Calculation

Yum China Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	8338.281	/ (	(393.648	+	388.808)	/	2 )
=	8338.281	/	391.228
=	21.31

Yum China Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2221.8	/ (	(388.808	+	317.4)	/	2 )
=	2221.8	/	353.104
=	6.29

Yum China Holdings (FRA:0YU) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Yum China Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	353.104	/	2221.8	*	365 / 4
	=	14.50

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Yum China Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	353.104	/	2721.36
	=	0.13

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Yum China Holdings Inventory Turnover Related Terms

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Yum China Holdings (FRA:0YU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Yum China Holdings Inc (FRA:0YU) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

YUMC:USA 09987:Hong Kong 0YU:Germany

Address

20 Tian Yao Qiao Road, Yum China Building, Shanghai, CHN, 200030

Website

https://www.yumchina.com

With almost 13,000 units and USD 10 billion in systemwide sales in 2022, Yum China is the largest restaurant chain in China. It generates revenue through its own restaurants and franchise fees. Key concepts include KFC (9,094 units) and Pizza Hut (2,903), but the company's portfolio also includes other brands such as Little Sheep, East Dawning, Taco Bell, Huang Ji Huang, COFFii & Joy, and Lavazza (collectively representing about 950 units). Yum China is a trademark licensee of Yum Brands, paying 3% of total systemwide sales to the company it separated from in October 2016.

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