Yum China (YUMC) Financials

$45.01 -0.14 (-0.31%)

As of 10:28 AM Eastern

Annual Income Statements for Yum China

This table shows Yum China's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	323	498	398	708	713	784	990	442	827	911
Consolidated Net Income / (Loss)	328	510	424	736	743	813	1,023	478	901	980
Net Income / (Loss) Continuing Operations	328	510	424	736	743	813	1,736	791	1,293	1,421
Total Pre-Tax Income	496	666	803	950	1,003	1,108	1,392	687	1,226	1,331
Total Operating Income	488	634	778	941	901	961	1,386	629	1,106	1,162
Total Gross Profit	908	1,096	1,284	1,315	1,401	1,267	2,119	1,740	2,277	2,331
Total Revenue	6,909	7,075	7,769	8,415	8,776	8,263	9,853	9,569	10,978	11,303
Operating Revenue	6,909	7,075	7,769	8,415	8,776	8,263	9,853	9,569	10,978	11,303
Total Cost of Revenue	6,001	5,979	6,485	7,100	7,375	6,996	8,447	8,142	9,093	9,413
Operating Cost of Revenue	6,001	5,979	6,485	7,100	7,375	6,996	7,734	7,829	8,701	8,972
Total Operating Expenses	420	462	506	374	500	306	20	798	779	728
Selling, General & Admin Expense	395	444	523	485	524	536	629	672	750	690
Other Operating Expenses / (Income)	-26	-60	-64	-152	-60	-285	-643	94	0.00	-1.00
Impairment Charge	64	78	47	41	36	55	34	32	29	39
Total Other Income / (Expense), net	8.00	32	25	9.00	102	147	6.00	58	120	169
Interest Expense	-8.00	-11	-25	-36	-39	-43	-60	-84	-169	-129
Interest & Investment Income	-	0.00	0.00	-27	63	104	-54	-26	-49	40
Income Tax Expense	168	156	379	214	260	295	369	207	329	356
Other Gains / (Losses), net	-	-	-	-	-	-	0.00	-2.00	4.00	5.00
Net Income / (Loss) Attributable to Noncontrolling Interest	5.00	12	26	28	30	29	33	36	74	69
Basic Earnings per Share	$0.89	$1.35	$1.03	$1.84	$1.89	$2.01	$2.34	$1.05	$1.99	$2.34
Weighted Average Basic Shares Outstanding	363.76M	368M	387M	384M	377M	390M	422M	421M	416M	388M
Diluted Earnings per Share	$0.89	$1.35	$1.00	$1.79	$1.84	$1.95	$2.28	$1.04	$1.97	$2.33
Weighted Average Diluted Shares Outstanding	363.76M	369M	398M	395M	388M	402M	434M	425M	420M	390M
Weighted Average Basic & Diluted Shares Outstanding	362.90M	369.10M	386.40M	384.80M	377.20M	420.41M	425.59M	418.40M	400.76M	376.12M
Cash Dividends to Common per Share	-	$0.00	$0.10	$0.42	$0.48	$0.24	$0.48	$0.48	$0.52	$0.64

This table shows Yum China's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	206	53	289	197	244	97	287	212	297	115
Consolidated Net Income / (Loss)	227	58	313	214	267	107	307	228	319	126
Net Income / (Loss) Continuing Operations	312	2,413	414	307	371	201	421	329	439	232
Total Pre-Tax Income	326	2,277	437	286	365	138	420	305	436	170
Total Operating Income	316	41	416	257	323	110	374	266	371	151
Total Gross Profit	604	2,617	708	541	625	403	657	542	670	462
Total Revenue	2,685	2,088	2,917	2,654	2,914	2,493	2,958	2,679	3,071	2,595
Operating Revenue	2,685	2,088	2,917	2,654	2,914	2,493	2,958	2,679	3,071	2,595
Total Cost of Revenue	2,166	-370	2,310	2,206	2,393	2,184	2,415	2,238	2,521	2,239
Operating Cost of Revenue	2,081	-512	2,209	2,113	2,289	2,090	2,301	2,137	2,401	2,133
Total Operating Expenses	203	220	191	191	198	199	169	175	179	205
Selling, General & Admin Expense	175	187	187	177	198	188	169	162	171	188
Impairment Charge	4.00	12	3.00	14	0.00	12	1.00	13	8.00	17
Total Other Income / (Expense), net	10	39	21	29	42	28	46	39	65	19
Interest Expense	-25	-33	-38	-40	-46	-45	-38	-31	-31	-29
Interest & Investment Income	-15	6.00	-17	-11	-4.00	-17	8.00	8.00	34	-10
Income Tax Expense	97	24	125	71	100	33	113	77	119	47
Other Gains / (Losses), net	-2.00	-	1.00	-1.00	2.00	2.00	0.00	0.00	2.00	3.00
Net Income / (Loss) Attributable to Noncontrolling Interest	21	5.00	24	17	23	10	20	16	22	11
Basic Earnings per Share	$0.49	$0.13	$0.69	$0.47	$0.59	$0.24	$0.72	$0.55	$0.77	$0.30
Weighted Average Basic Shares Outstanding	420M	421M	418M	418M	416M	416M	401M	389M	384M	388M
Diluted Earnings per Share	$0.49	$0.12	$0.68	$0.47	$0.58	$0.24	$0.71	$0.55	$0.77	$0.30
Weighted Average Diluted Shares Outstanding	424M	425M	423M	422M	420M	420M	403M	391M	385M	390M
Weighted Average Basic & Diluted Shares Outstanding	418.43M	418.40M	417.83M	416.85M	413.65M	400.76M	389.90M	384.42M	379.76M	376.12M

This table details how cash moves in and out of Yum China's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	187	460	142	207	-211	103	-22	-6.00	-2.00	-405
Net Cash From Operating Activities	913	866	884	1,333	1,185	1,114	1,131	1,413	1,473	1,419
Net Cash From Continuing Operating Activities	913	866	884	1,333	1,185	1,114	1,131	1,413	1,473	1,419
Net Income / (Loss) Continuing Operations	328	510	424	736	743	813	1,023	478	901	980
Consolidated Net Income / (Loss)	328	510	424	736	743	813	1,023	478	901	980
Depreciation Expense	425	402	409	445	428	450	516	602	453	476
Non-Cash Adjustments To Reconcile Net Income	45	54	53	-8.00	342	109	-88	544	553	454
Changes in Operating Assets and Liabilities, net	115	-100	-2.00	160	-328	-258	-320	-211	-434	-491
Net Cash From Investing Activities	-493	-471	-557	-552	-910	-3,109	-855	-522	-743	-178
Net Cash From Continuing Investing Activities	-493	-471	-557	-552	-910	-3,109	-855	-522	-743	-178
Purchase of Property, Plant & Equipment	-512	-436	-415	-470	-435	-419	-689	-679	-710	-705
Acquisitions	-	0.00	-25	-91	0.00	-288	-415	-23	-20	0.00
Purchase of Investments	-40	-136	-596	-678	-1,024	-4,573	-6,139	-5,189	-3,517	-4,728
Sale and/or Maturity of Investments	40	53	479	680	534	2,115	6,383	5,365	3,499	5,251
Other Investing Activities, net	-8.00	29	0.00	7.00	15	56	5.00	4.00	5.00	4.00
Net Cash From Financing Activities	-216	93	-185	-518	-480	2,058	-313	-844	-716	-1,636
Net Cash From Continuing Financing Activities	-216	93	-185	-518	-480	2,058	-313	-844	-716	-1,636
Repayment of Debt	-2.00	-3.00	-	-14	-2.00	-1.00	-7.00	-4.00	-106	-366
Repurchase of Common Equity	-	0.00	-128	-307	-265	-8.00	-75	-466	-613	-1,249
Payment of Dividends	-	-7.00	-60	-197	-213	-128	-268	-394	-296	-328
Issuance of Debt	-	-	3.00	-	-	-	0.00	2.00	264	307
Issuance of Common Equity	-	460	-	0.00	0.00	2,195	37	18	35	0.00
Effect of Exchange Rate Changes	-17	-28	-	-56	-6.00	40	15	-53	-16	-10
Cash Interest Paid	-	-	-	-	-	-	0.00	0.00	3.00	4.00
Cash Income Taxes Paid	143	182	232	208	255	170	255	204	324	393

This table details how cash moves in and out of Yum China's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	64	-81	-19	78	-58	-3.00	-245	160	150	-470
Net Cash From Operating Activities	720	84	507	417	410	139	442	401	409	167
Net Cash From Continuing Operating Activities	720	84	507	417	410	139	442	401	409	167
Net Income / (Loss) Continuing Operations	227	58	313	214	267	107	307	228	319	126
Consolidated Net Income / (Loss)	227	58	313	214	267	107	307	228	319	126
Depreciation Expense	150	135	116	112	111	114	117	118	120	121
Non-Cash Adjustments To Reconcile Net Income	141	117	138	146	118	151	106	125	83	140
Changes in Operating Assets and Liabilities, net	202	-226	-60	-55	-86	-233	-88	-70	-113	-220
Net Cash From Investing Activities	-541	71	-429	-169	-454	309	99	-231	104	-150
Net Cash From Continuing Investing Activities	-541	71	-429	-169	-454	309	99	-231	104	-150
Purchase of Property, Plant & Equipment	-162	-170	-179	-153	-167	-211	-189	-169	-165	-182
Purchase of Investments	-2,145	-899	-1,378	-794	-1,115	-230	-268	-1,211	-1,851	-1,398
Sale and/or Maturity of Investments	1,765	1,139	1,126	778	826	769	555	1,147	2,119	1,430
Net Cash From Financing Activities	-70	-261	-99	-131	-10	-476	-776	-9.00	-374	-477
Net Cash From Continuing Financing Activities	-70	-261	-99	-131	-10	-476	-776	-9.00	-374	-477
Repayment of Debt	-1.00	-2.00	-5.00	1.00	-1.00	-101	-17	-52	-117	-180
Repurchase of Common Equity	-11	-55	-60	-62	-158	-333	-679	-190	-188	-192
Payment of Dividends	-58	-206	-69	-70	-63	-94	-80	-74	-69	-105
Effect of Exchange Rate Changes	-45	25	2.00	-39	-4.00	25	-10	-1.00	11	-10
Cash Income Taxes Paid	31	80	39	136	70	79	38	149	76	130

This table presents Yum China's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	3,201	3,727	4,287	4,610	6,950	10,875	13,223	11,826	12,031	11,121
Total Current Assets	799	1,426	1,802	1,952	2,259	4,936	4,716	3,940	3,431	2,694
Cash & Equivalents	425	885	1,059	1,266	1,046	1,158	1,136	1,130	1,128	723
Short-Term Investments	-	79	205	122	611	3,105	2,860	2,022	1,472	1,121
Accounts Receivable	33	74	79	80	88	99	67	64	68	79
Inventories, net	189	268	297	307	380	398	432	417	424	405
Prepaid Expenses	152	120	162	177	134	176	221	307	339	366
Plant, Property, & Equipment, net	1,841	1,647	1,691	1,615	1,594	1,765	2,251	2,118	2,310	2,407
Total Noncurrent Assets	561	654	-	1,043	3,097	4,174	6,256	5,768	6,290	6,020
Long-Term Investments	61	71	95	81	89	85	292	361	332	368
Goodwill	85	79	108	266	254	832	2,142	1,988	1,932	1,880
Intangible Assets	107	88	101	116	94	246	272	159	150	144
Noncurrent Deferred & Refundable Income Taxes	116	162	105	89	95	98	106	113	129	138
Other Noncurrent Operating Assets	192	254	385	491	2,565	2,913	3,444	3,147	3,747	3,490
Total Liabilities & Shareholders' Equity	3,201	3,727	4,287	4,610	6,950	10,875	13,223	11,826	12,031	11,121
Total Liabilities	1,216	1,284	1,440	1,633	3,775	4,404	5,301	4,666	4,912	4,694
Total Current Liabilities	948	1,004	1,024	1,253	1,736	2,067	2,383	2,166	2,422	2,283
Short-Term Debt	-	-	-	-	-	-	-	2.00	168	127
Accounts Payable	926	971	985	1,199	1,691	1,995	2,332	2,096	2,164	2,080
Current Deferred & Payable Income Tax Liabilities	22	33	39	54	45	72	51	68	90	76
Total Noncurrent Liabilities	268	280	-	380	2,039	2,337	2,918	2,500	2,490	2,411
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	227	425	390	390	389
Other Noncurrent Operating Liabilities	234	252	388	380	2,039	2,082	2,493	2,110	2,100	2,022
Redeemable Noncontrolling Interest	6.00	-	5.00	1.00	0.00	12	14	12	13	13
Total Equity & Noncontrolling Interests	1,979	2,443	-	2,976	3,175	6,459	7,908	7,148	7,106	6,414
Total Preferred & Common Equity	1,921	2,377	2,765	2,873	3,077	6,206	7,056	6,482	6,405	5,728
Total Common Equity	1,921	2,377	-	2,873	3,077	6,206	7,056	6,482	6,405	5,728
Common Stock	-	2,356	2,379	2,406	2,431	4,662	4,699	4,394	4,324	4,032
Retained Earnings	-	40	397	944	1,416	2,105	2,892	2,191	2,310	2,089
Treasury Stock	-	-20	-	-	-	-	-	-	0.00	-52
Accumulated Other Comprehensive Income / (Loss)	130	1.00	137	-17	-49	167	268	-103	-229	-341
Noncontrolling Interest	58	66	77	103	98	253	852	666	701	686

This table presents Yum China's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	11,696	11,963	11,675	12,070	11,295	11,568	11,801
Total Current Assets	4,710	3,714	3,687	3,923	3,155	3,281	3,317
Cash & Equivalents	1,211	1,111	1,189	1,131	883	1,043	1,193
Short-Term Investments	2,826	1,870	1,762	2,001	1,512	1,434	1,338
Accounts Receivable	66	59	59	62	74	74	79
Inventories, net	321	378	396	419	345	362	359
Prepaid Expenses	286	296	281	310	341	368	348
Plant, Property, & Equipment, net	1,965	2,114	2,049	2,117	2,292	2,314	2,431
Total Noncurrent Assets	5,021	6,135	5,939	6,030	5,848	5,973	6,053
Long-Term Investments	256	346	323	319	335	343	388
Goodwill	1,927	1,995	1,891	1,879	1,900	1,888	1,955
Intangible Assets	176	157	148	147	147	146	150
Noncurrent Deferred & Refundable Income Taxes	89	93	72	106	129	132	145
Other Noncurrent Operating Assets	2,573	3,544	3,505	3,579	3,337	3,464	3,415
Total Liabilities & Shareholders' Equity	11,696	11,963	11,675	12,070	11,295	11,568	11,801
Total Liabilities	4,528	4,547	4,458	4,811	4,707	5,086	5,073
Total Current Liabilities	2,104	2,100	2,152	2,472	2,263	2,678	2,578
Short-Term Debt	-	-	-	210	165	416	315
Accounts Payable	1,992	1,957	2,064	2,129	1,936	2,149	2,103
Current Deferred & Payable Income Tax Liabilities	112	143	88	133	162	113	160
Total Noncurrent Liabilities	2,424	2,447	2,306	2,339	2,444	2,408	2,495
Noncurrent Deferred & Payable Income Tax Liabilities	370	378	350	364	387	386	406
Other Noncurrent Operating Liabilities	2,054	2,069	1,956	1,975	2,057	2,022	2,089
Redeemable Noncontrolling Interest	13	12	12	13	13	13	13
Total Equity & Noncontrolling Interests	7,155	7,404	7,205	7,246	6,575	6,469	6,715
Total Preferred & Common Equity	6,418	6,678	6,549	6,571	5,865	5,812	6,016
Total Common Equity	6,418	6,678	6,549	6,571	5,865	5,812	6,016
Common Stock	4,412	4,395	4,400	4,386	4,163	4,107	4,057
Retained Earnings	2,228	2,374	2,465	2,526	2,078	2,048	2,156
Treasury Stock	-	-	-	-	-76	-17	-18
Accumulated Other Comprehensive Income / (Loss)	-222	-91	-316	-341	-300	-326	-179
Noncontrolling Interest	737	726	656	675	710	657	699

This table displays calculated financial ratios and metrics derived from Yum China's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.36%	2.40%	9.81%	8.32%	4.29%	-5.85%	19.24%	-2.88%	14.72%	2.96%
EBITDA Growth	120.53%	15.77%	12.30%	16.77%	-4.11%	6.17%	34.80%	-35.28%	26.65%	5.07%
EBIT Growth	16,166.67%	34.22%	18.78%	20.95%	-4.25%	6.66%	44.22%	-54.62%	75.83%	5.06%
NOPAT Growth	5,042.40%	50.44%	-15.39%	77.47%	-8.45%	5.65%	44.45%	-56.85%	84.13%	5.19%
Net Income Growth	986.49%	55.49%	-16.86%	73.58%	0.95%	9.42%	25.83%	-53.27%	88.49%	8.77%
EPS Growth	4,550.00%	51.69%	-25.93%	79.00%	2.79%	5.98%	16.92%	-54.39%	89.42%	18.27%
Operating Cash Flow Growth	17.81%	-5.15%	2.08%	50.79%	-11.10%	-5.99%	1.53%	24.93%	4.25%	-3.67%
Free Cash Flow Firm Growth	0.00%	148.13%	-43.21%	122.80%	1.28%	-102.26%	-2,654.19%	191.40%	-75.69%	737.39%
Invested Capital Growth	0.00%	-6.33%	5.57%	-0.53%	-5.24%	50.52%	68.94%	0.41%	19.35%	-0.30%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-3.41%	1.33%	2.86%	0.33%	-2.08%	3.83%	0.91%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	1.46%	1.06%	7.87%	32.45%	-32.51%	3.18%	3.02%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	7.05%	1.12%	9.83%	48.55%	-48.48%	6.65%	3.66%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	41.37%	-3.14%	9.32%	51.27%	-48.58%	-13.77%	3.07%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	86.33%	-14.60%	8.98%	44.49%	-46.65%	5.75%	1.98%
EPS Q/Q Growth	0.00%	0.00%	0.00%	40.94%	1.66%	6.56%	48.05%	-48.26%	6.49%	2.64%
Operating Cash Flow Q/Q Growth	0.00%	5.74%	-14.09%	24.58%	-1.66%	7.22%	-12.26%	1.95%	3.88%	2.01%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-15.28%	-145.56%	-212.62%	148.67%	150.44%	20.05%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-0.40%	8.09%	11.45%	65.86%	26.92%	8.39%	5.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.14%	15.49%	16.53%	15.63%	15.96%	15.33%	21.51%	18.18%	20.74%	20.62%
EBITDA Margin	13.21%	14.94%	15.28%	16.47%	15.14%	17.08%	19.30%	12.86%	14.20%	14.49%
Operating Margin	7.06%	8.96%	10.01%	11.18%	10.27%	11.63%	14.07%	6.57%	10.07%	10.28%
EBIT Margin	7.06%	9.26%	10.01%	11.18%	10.27%	11.63%	14.07%	6.57%	10.07%	10.28%
Profit (Net Income) Margin	4.75%	7.21%	5.46%	8.75%	8.47%	9.84%	10.38%	5.00%	8.21%	8.67%
Tax Burden Percent	66.13%	76.58%	52.80%	77.47%	74.08%	73.38%	73.49%	69.58%	73.49%	73.63%
Interest Burden Percent	101.64%	101.68%	103.21%	100.96%	111.32%	115.30%	100.43%	109.22%	110.85%	114.54%
Effective Tax Rate	33.87%	23.42%	47.20%	22.53%	25.92%	26.62%	26.51%	30.13%	26.84%	26.75%
Return on Invested Capital (ROIC)	42.10%	32.70%	27.83%	48.22%	45.45%	39.39%	35.21%	12.07%	20.22%	19.57%
ROIC Less NNEP Spread (ROIC-NNEP)	39.76%	29.35%	33.07%	81.42%	40.75%	35.84%	35.11%	11.08%	17.29%	14.26%
Return on Net Nonoperating Assets (RNNOA)	-9.05%	-9.67%	6.81%	1.15%	-21.30%	-22.54%	-21.00%	-5.73%	-7.60%	-5.11%
Return on Equity (ROE)	33.05%	23.04%	34.64%	49.36%	24.15%	16.86%	14.22%	6.34%	12.62%	14.47%
Cash Return on Invested Capital (CROIC)	-157.90%	39.24%	22.41%	48.75%	50.83%	-0.94%	-16.06%	11.66%	2.58%	19.87%
Operating Return on Assets (OROA)	15.25%	18.91%	19.42%	21.15%	15.59%	10.78%	11.50%	5.02%	9.27%	10.04%
Return on Assets (ROA)	10.25%	14.72%	10.58%	16.54%	12.85%	9.12%	8.49%	3.82%	7.55%	8.47%
Return on Common Equity (ROCE)	31.98%	22.36%	33.64%	47.56%	23.36%	16.22%	13.10%	5.69%	11.39%	12.96%
Return on Equity Simple (ROE_SIMPLE)	17.07%	21.46%	0.00%	25.62%	24.15%	13.10%	14.50%	7.37%	14.07%	17.11%
Net Operating Profit after Tax (NOPAT)	323	485	411	729	667	705	1,019	439	809	851
NOPAT Margin	4.67%	6.86%	5.29%	8.66%	7.61%	8.53%	10.34%	4.59%	7.37%	7.53%
Net Nonoperating Expense Percent (NNEP)	2.34%	3.36%	-5.24%	-33.20%	4.70%	3.56%	0.10%	0.99%	2.93%	5.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.15%	11.12%	13.01%
Cost of Revenue to Revenue	86.86%	84.51%	83.47%	84.37%	84.04%	84.67%	85.73%	85.09%	82.83%	83.28%
SG&A Expenses to Revenue	5.72%	6.28%	6.73%	5.76%	5.97%	6.49%	6.38%	7.02%	6.83%	6.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.08%	6.53%	6.51%	4.44%	5.70%	3.70%	0.20%	8.34%	7.10%	6.44%
Earnings before Interest and Taxes (EBIT)	488	655	778	941	901	961	1,386	629	1,106	1,162
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	913	1,057	1,187	1,386	1,329	1,411	1,902	1,231	1,559	1,638
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.94	5.22	4.20	5.63	3.72	2.94	3.44	2.70	3.19
Price to Tangible Book Value (P/TBV)	0.00	4.24	5.65	4.84	6.35	4.50	4.47	5.14	3.99	4.94
Price to Revenue (P/Rev)	0.00	1.32	1.86	1.43	1.97	2.79	2.11	2.33	1.57	1.62
Price to Earnings (P/E)	0.00	18.81	36.26	17.04	24.30	29.45	20.96	50.40	20.88	20.08
Dividend Yield	0.00%	0.00%	0.27%	1.32%	1.04%	0.44%	0.99%	0.90%	1.25%	1.33%
Earnings Yield	0.00%	5.32%	2.76%	5.87%	4.12%	3.40%	4.77%	1.98%	4.79%	4.98%
Enterprise Value to Invested Capital (EV/IC)	0.00	5.87	8.70	7.09	10.97	8.85	4.77	5.33	3.49	3.89
Enterprise Value to Revenue (EV/Rev)	0.00	1.19	1.70	1.27	1.79	2.30	1.76	2.03	1.39	1.50
Enterprise Value to EBITDA (EV/EBITDA)	0.00	7.97	11.11	7.72	11.80	13.49	9.11	15.80	9.76	10.32
Enterprise Value to EBIT (EV/EBIT)	0.00	12.87	16.95	11.37	17.40	19.81	12.50	30.91	13.76	14.55
Enterprise Value to NOPAT (EV/NOPAT)	0.00	17.36	32.09	14.67	23.49	27.00	17.01	44.24	18.80	19.86
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	9.73	14.91	8.02	13.23	17.09	15.32	13.76	10.33	11.91
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	14.47	39.85	14.51	21.00	0.00	0.00	45.81	147.44	19.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.01	5.60	0.00	0.00	0.00	0.00	0.00	0.02	0.02
Long-Term Debt to Equity	0.02	0.01	5.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.23	-0.33	0.21	0.01	-0.52	-0.63	-0.60	-0.52	-0.44	-0.36
Leverage Ratio	1.61	1.56	3.27	2.98	1.88	1.85	1.67	1.66	1.67	1.71
Compound Leverage Factor	1.64	1.59	3.38	3.01	2.09	2.13	1.68	1.81	1.85	1.96
Debt to Total Capital	1.68%	1.13%	84.85%	0.00%	0.00%	0.43%	0.00%	0.03%	2.31%	1.94%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	2.31%	1.94%
Long-Term Debt to Total Capital	1.68%	1.13%	84.85%	0.00%	0.00%	0.43%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.17%	2.67%	248.48%	3.49%	3.09%	4.08%	10.93%	9.47%	9.80%	10.67%
Common Equity to Total Capital	95.15%	96.20%	0.00%	96.51%	96.91%	95.49%	89.07%	90.51%	87.90%	87.40%
Debt to EBITDA	0.04	0.03	0.02	0.00	0.00	0.02	0.00	0.00	0.11	0.08
Net Debt to EBITDA	-0.50	-0.95	-1.12	0.00	0.00	-3.06	0.00	-2.85	-1.77	-1.27
Long-Term Debt to EBITDA	0.04	0.03	0.02	0.00	0.00	0.02	0.00	0.00	0.00	0.00
Debt to NOPAT	0.11	0.06	0.07	0.00	0.00	0.04	0.00	0.00	0.21	0.15
Net Debt to NOPAT	-1.40	-2.07	-3.24	0.00	0.00	-6.13	0.00	-7.99	-3.42	-2.45
Long-Term Debt to NOPAT	0.11	0.06	0.07	0.00	0.00	0.04	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	7.01	8.77	7.40	4.82	4.78	3.96	4.29	3.69	4.01
Noncontrolling Interest Sharing Ratio	3.22%	2.94%	2.90%	3.66%	3.28%	3.76%	7.86%	10.24%	9.75%	10.43%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.84	1.42	1.76	1.56	1.30	2.39	1.98	1.82	1.42	1.18
Quick Ratio	0.48	1.03	1.31	1.17	1.01	2.11	1.71	1.48	1.10	0.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,210	582	331	737	746	-17	-464	424	103	864
Operating Cash Flow to CapEx	178.32%	207.67%	213.01%	283.62%	272.41%	265.87%	164.15%	208.10%	207.46%	201.28%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.16	2.04	1.94	1.89	1.52	0.93	0.82	0.76	0.92	0.98
Accounts Receivable Turnover	209.36	132.24	101.56	105.85	104.48	88.37	118.71	146.09	166.33	153.78
Inventory Turnover	31.75	26.17	22.96	23.51	21.47	17.98	20.35	19.18	21.62	22.71
Fixed Asset Turnover	3.75	4.06	4.65	5.09	5.47	4.92	4.91	4.38	4.96	4.79
Accounts Payable Turnover	6.48	6.30	6.63	6.50	5.10	3.80	3.90	3.68	4.27	4.44
Days Sales Outstanding (DSO)	1.74	2.76	3.59	3.45	3.49	4.13	3.07	2.50	2.19	2.37
Days Inventory Outstanding (DIO)	11.50	13.95	15.90	15.53	17.00	20.30	17.93	19.03	16.88	16.07
Days Payable Outstanding (DPO)	56.32	57.90	55.05	56.14	71.52	96.15	93.49	99.25	85.50	82.28
Cash Conversion Cycle (CCC)	-43.08	-41.19	-35.55	-37.16	-51.02	-71.73	-72.48	-77.72	-66.43	-63.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,533	1,436	1,516	1,508	1,429	2,151	3,634	3,649	4,355	4,342
Invested Capital Turnover	9.01	4.77	5.26	5.57	5.98	4.62	3.41	2.63	2.74	2.60
Increase / (Decrease) in Invested Capital	1,533	-97	80	-8.00	-79	722	1,483	15	706	-13
Enterprise Value (EV)	0.00	8,428	13,184	10,696	15,677	19,036	17,326	19,444	15,216	16,907
Market Capitalization	0.00	9,369	14,433	12,061	17,325	23,091	20,748	22,277	17,266	18,293
Book Value per Share	$5.28	$6.20	$0.00	$7.58	$8.19	$14.80	$16.48	$15.49	$15.48	$15.08
Tangible Book Value per Share	$4.75	$5.77	$0.00	$6.57	$7.26	$12.23	$10.84	$10.36	$10.45	$9.75
Total Capital	2,019	2,471	33	2,977	3,175	6,499	7,922	7,162	7,287	6,554
Total Debt	34	28	28	0.00	0.00	28	0.00	2.00	168	127
Total Long-Term Debt	34	28	28	0.00	0.00	28	0.00	0.00	0.00	0.00
Net Debt	-452	-1,007	-1,331	-1,469	-1,746	-4,320	-4,288	-3,511	-2,764	-2,085
Capital Expenditures (CapEx)	512	417	415	470	435	419	689	679	710	705
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-574	-542	-486	-689	-1,134	-1,394	-1,663	-1,376	-1,423	-1,306
Debt-free Net Working Capital (DFNWC)	-149	422	778	699	523	2,869	2,333	1,776	1,177	538
Net Working Capital (NWC)	-149	422	778	699	523	2,869	2,333	1,774	1,009	411
Net Nonoperating Expense (NNE)	-5.29	-25	-13	-6.97	-76	-108	-4.41	-39	-92	-129
Net Nonoperating Obligations (NNO)	-452	-1,007	1,511	-1,469	-1,746	-4,320	-4,288	-3,511	-2,764	-2,085
Total Depreciation and Amortization (D&A)	425	402	409	445	428	450	516	602	453	476
Debt-free, Cash-free Net Working Capital to Revenue	-8.31%	-7.66%	-6.26%	-8.19%	-12.92%	-16.87%	-16.88%	-14.38%	-12.96%	-11.55%
Debt-free Net Working Capital to Revenue	-2.16%	5.96%	10.01%	8.31%	5.96%	34.72%	23.68%	18.56%	10.72%	4.76%
Net Working Capital to Revenue	-2.16%	5.96%	10.01%	8.31%	5.96%	34.72%	23.68%	18.54%	9.19%	3.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.89	$1.36	$1.04	$1.84	$1.89	$2.01	$2.34	$1.05	$1.99	$2.34
Adjusted Weighted Average Basic Shares Outstanding	362.90M	384.31M	386.53M	384M	377M	390M	422M	421M	416M	388M
Adjusted Diluted Earnings per Share	$0.89	$1.36	$1.01	$1.79	$1.84	$1.95	$2.28	$1.04	$1.97	$2.33
Adjusted Weighted Average Diluted Shares Outstanding	362.90M	384.31M	398.09M	395M	388M	402M	434M	425M	420M	390M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$1.84	$1.89	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	362.90M	384.31M	385.75M	379.06M	375.79M	420.41M	425.59M	418.40M	400.76M	376.12M
Normalized Net Operating Profit after Tax (NOPAT)	356	545	436	761	694	745	1,044	462	830	880
Normalized NOPAT Margin	5.16%	7.71%	5.61%	9.04%	7.91%	9.02%	10.59%	4.83%	7.56%	7.78%
Pre Tax Income Margin	7.18%	9.41%	10.34%	11.29%	11.43%	13.41%	14.13%	7.18%	11.17%	11.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	1.37%	14.15%	26.77%	28.67%	15.74%	26.20%	82.43%	32.85%	33.47%
Augmented Payout Ratio	0.00%	1.37%	44.34%	68.48%	64.33%	16.73%	33.53%	179.92%	100.89%	160.92%

This table displays calculated financial ratios and metrics derived from Yum China's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.13%	-8.86%	9.33%	24.72%	8.53%	19.40%	1.41%	0.94%	5.39%	4.09%
EBITDA Growth	52.29%	-77.11%	49.86%	57.69%	-6.87%	27.27%	-7.71%	4.07%	13.13%	21.43%
EBIT Growth	77.53%	-93.52%	117.80%	217.28%	2.22%	168.29%	-10.10%	3.50%	14.86%	37.27%
NOPAT Growth	74.14%	-91.45%	122.14%	226.54%	5.65%	106.31%	-7.96%	2.92%	15.02%	30.54%
Net Income Growth	104.50%	-87.82%	184.55%	157.83%	17.62%	84.48%	-1.92%	6.54%	19.48%	17.76%
EPS Growth	104.17%	-88.99%	195.65%	135.00%	18.37%	100.00%	4.41%	17.02%	32.76%	25.00%
Operating Cash Flow Growth	139.20%	47.37%	196.49%	-4.79%	-43.06%	65.48%	-12.82%	-3.84%	-0.24%	20.14%
Free Cash Flow Firm Growth	-246.01%	102.54%	94.94%	65.49%	-96.63%	-2,533.93%	685.20%	116.46%	118.02%	119.65%
Invested Capital Growth	31.22%	0.41%	9.51%	17.28%	39.76%	19.35%	-1.61%	3.42%	2.64%	-0.30%
Revenue Q/Q Growth	26.17%	-22.23%	39.70%	-9.02%	9.80%	-14.45%	18.65%	-9.43%	14.63%	-15.50%
EBITDA Q/Q Growth	99.15%	-62.23%	202.27%	-30.64%	17.62%	-48.39%	119.20%	-21.79%	27.86%	-44.60%
EBIT Q/Q Growth	290.12%	-87.03%	914.63%	-38.22%	25.68%	-65.94%	240.00%	-28.88%	39.47%	-59.30%
NOPAT Q/Q Growth	275.18%	-81.72%	632.12%	-34.95%	21.38%	-64.31%	226.63%	-27.26%	35.65%	-59.50%
Net Income Q/Q Growth	173.49%	-74.45%	439.66%	-31.63%	24.77%	-59.93%	186.92%	-25.73%	39.91%	-60.50%
EPS Q/Q Growth	145.00%	-75.51%	466.67%	-30.88%	23.40%	-58.62%	195.83%	-22.54%	40.00%	-61.04%
Operating Cash Flow Q/Q Growth	64.38%	-88.33%	503.57%	-17.75%	-1.68%	-66.10%	217.99%	-9.28%	2.00%	-59.17%
Free Cash Flow Firm Q/Q Growth	58.89%	105.53%	-326.82%	-568.70%	-134.27%	31.50%	154.54%	-81.19%	156.46%	-25.34%
Invested Capital Q/Q Growth	-14.49%	26.92%	12.06%	-3.57%	1.90%	8.39%	-7.62%	1.37%	1.13%	5.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.50%	125.34%	24.27%	20.38%	21.45%	16.17%	22.21%	20.23%	21.82%	17.80%
EBITDA Margin	17.36%	8.43%	18.24%	13.90%	14.89%	8.99%	16.60%	14.33%	15.99%	10.48%
Operating Margin	11.77%	1.96%	14.26%	9.68%	11.08%	4.41%	12.64%	9.93%	12.08%	5.82%
EBIT Margin	11.77%	1.96%	14.26%	9.68%	11.08%	4.41%	12.64%	9.93%	12.08%	5.82%
Profit (Net Income) Margin	8.45%	2.78%	10.73%	8.06%	9.16%	4.29%	10.38%	8.51%	10.39%	4.86%
Tax Burden Percent	69.63%	2.55%	71.62%	74.83%	73.15%	77.54%	73.10%	74.75%	73.17%	74.12%
Interest Burden Percent	103.16%	5,553.66%	105.05%	111.28%	113.00%	125.45%	112.30%	114.66%	117.52%	112.58%
Effective Tax Rate	29.75%	1.05%	28.60%	24.83%	27.40%	23.91%	26.90%	25.25%	27.29%	27.65%
Return on Invested Capital (ROIC)	31.89%	5.11%	25.56%	20.62%	24.69%	9.21%	25.11%	20.44%	24.17%	10.94%
ROIC Less NNEP Spread (ROIC-NNEP)	31.78%	4.66%	25.12%	20.04%	23.83%	8.47%	23.97%	19.41%	22.48%	10.25%
Return on Net Nonoperating Assets (RNNOA)	-20.32%	-2.41%	-12.13%	-9.96%	-12.44%	-3.72%	-10.08%	-8.05%	-9.39%	-3.67%
Return on Equity (ROE)	11.58%	2.70%	13.43%	10.66%	12.25%	5.49%	15.02%	12.39%	14.77%	7.27%
Cash Return on Invested Capital (CROIC)	6.74%	11.66%	10.84%	9.61%	-5.94%	2.58%	20.98%	16.35%	17.68%	19.87%
Operating Return on Assets (OROA)	9.91%	1.50%	11.38%	8.44%	9.86%	4.06%	11.98%	9.44%	11.34%	5.68%
Return on Assets (ROA)	7.12%	2.12%	8.56%	7.03%	8.15%	3.95%	9.83%	8.09%	9.75%	4.74%
Return on Common Equity (ROCE)	10.74%	2.42%	12.05%	9.60%	11.03%	4.95%	13.46%	11.18%	13.29%	6.51%
Return on Equity Simple (ROE_SIMPLE)	13.96%	0.00%	10.20%	12.40%	12.97%	0.00%	15.26%	15.64%	15.97%	0.00%
Net Operating Profit after Tax (NOPAT)	222	41	297	193	235	84	273	199	270	109
NOPAT Margin	8.27%	1.94%	10.18%	7.28%	8.05%	3.36%	9.24%	7.42%	8.78%	4.21%
Net Nonoperating Expense Percent (NNEP)	0.11%	0.45%	0.44%	0.58%	0.86%	0.74%	1.14%	1.03%	1.69%	0.69%
Return On Investment Capital (ROIC_SIMPLE)	-	0.57%	-	-	-	1.15%	-	-	-	1.67%
Cost of Revenue to Revenue	80.67%	-17.72%	79.19%	83.12%	82.12%	87.61%	81.64%	83.54%	82.09%	86.28%
SG&A Expenses to Revenue	6.52%	8.96%	6.41%	6.67%	6.79%	7.54%	5.71%	6.05%	5.57%	7.24%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.56%	10.54%	6.55%	7.20%	6.79%	7.98%	5.71%	6.53%	5.83%	7.90%
Earnings before Interest and Taxes (EBIT)	316	41	416	257	323	110	374	266	371	151
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	466	176	532	369	434	224	491	384	491	272
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.03	3.44	3.91	3.56	3.48	2.70	2.71	2.07	2.88	3.19
Price to Tangible Book Value (P/TBV)	4.51	5.14	5.77	5.16	5.03	3.99	4.16	3.18	4.43	4.94
Price to Revenue (P/Rev)	1.99	2.33	2.66	2.25	2.16	1.57	1.44	1.09	1.55	1.62
Price to Earnings (P/E)	22.52	50.40	41.37	31.26	29.19	20.88	19.24	14.32	19.38	20.08
Dividend Yield	1.04%	0.90%	0.79%	0.90%	0.93%	1.25%	1.39%	1.88%	1.36%	1.33%
Earnings Yield	4.44%	1.98%	2.42%	3.20%	3.43%	4.79%	5.20%	6.99%	5.16%	4.98%
Enterprise Value to Invested Capital (EV/IC)	5.54	5.33	5.75	5.25	5.05	3.49	3.49	2.52	3.74	3.89
Enterprise Value to Revenue (EV/Rev)	1.63	2.03	2.40	2.00	1.92	1.39	1.27	0.93	1.38	1.50
Enterprise Value to EBITDA (EV/EBITDA)	8.73	15.80	16.70	13.40	13.44	9.76	9.24	6.71	9.69	10.32
Enterprise Value to EBIT (EV/EBIT)	13.03	30.91	27.54	20.08	19.58	13.76	13.19	9.59	13.75	14.55
Enterprise Value to NOPAT (EV/NOPAT)	18.62	44.24	30.19	22.20	21.64	18.80	17.87	13.01	18.67	19.86
Enterprise Value to Operating Cash Flow (EV/OCF)	11.48	13.76	13.44	11.97	14.32	10.33	9.97	7.39	11.08	11.91
Enterprise Value to Free Cash Flow (EV/FCFF)	93.23	45.81	55.46	58.95	0.00	147.44	16.49	15.69	21.41	19.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.03	0.02	0.03	0.06	0.05	0.02
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.64	-0.52	-0.48	-0.50	-0.52	-0.44	-0.42	-0.41	-0.42	-0.36
Leverage Ratio	1.65	1.66	1.63	1.63	1.65	1.67	1.66	1.70	1.71	1.71
Compound Leverage Factor	1.70	92.24	1.71	1.82	1.86	2.10	1.87	1.95	2.01	1.92
Debt to Total Capital	0.00%	0.03%	0.00%	0.00%	2.81%	2.31%	2.44%	6.03%	4.47%	1.94%
Short-Term Debt to Total Capital	0.00%	0.03%	0.00%	0.00%	2.81%	2.31%	2.44%	6.03%	4.47%	1.94%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	10.46%	9.47%	9.95%	9.26%	9.21%	9.80%	10.71%	9.71%	10.11%	10.67%
Common Equity to Total Capital	89.54%	90.51%	90.05%	90.74%	87.98%	87.90%	86.85%	84.26%	85.42%	87.40%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.14	0.11	0.11	0.27	0.20	0.08
Net Debt to EBITDA	0.00	-2.85	0.00	0.00	-2.14	-1.77	-1.69	-1.57	-1.64	-1.27
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.22	0.21	0.21	0.53	0.38	0.15
Net Debt to NOPAT	0.00	-7.99	0.00	0.00	-3.45	-3.42	-3.27	-3.04	-3.15	-2.45
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	4.04	4.12	4.82	4.55	4.25	3.42	3.46	2.76	3.43	3.71
Noncontrolling Interest Sharing Ratio	7.26%	10.24%	10.27%	9.92%	9.97%	9.75%	10.43%	9.77%	10.01%	10.43%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.24	1.82	1.77	1.71	1.59	1.42	1.39	1.23	1.29	1.18
Quick Ratio	1.95	1.48	1.45	1.40	1.29	1.10	1.09	0.95	1.01	0.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-462	26	-58	-388	-908	-622	339	64	164	122
Operating Cash Flow to CapEx	444.44%	49.41%	283.24%	272.55%	245.51%	65.88%	233.86%	237.28%	247.88%	91.76%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.84	0.76	0.80	0.87	0.89	0.92	0.95	0.95	0.94	0.98
Accounts Receivable Turnover	119.90	146.09	152.22	149.91	165.20	166.33	165.70	166.08	158.88	153.78
Inventory Turnover	29.81	19.18	16.48	16.85	17.67	21.62	25.44	24.35	24.06	22.71
Fixed Asset Turnover	5.04	4.38	4.52	5.03	5.18	4.96	5.00	5.06	4.93	4.79
Accounts Payable Turnover	5.15	3.68	3.00	3.03	3.17	4.27	4.73	4.38	4.42	4.44
Days Sales Outstanding (DSO)	3.04	2.50	2.40	2.43	2.21	2.19	2.20	2.20	2.30	2.37
Days Inventory Outstanding (DIO)	12.24	19.03	22.15	21.66	20.65	16.88	14.35	14.99	15.17	16.07
Days Payable Outstanding (DPO)	70.92	99.25	121.49	120.37	115.01	85.50	77.24	83.30	82.53	82.28
Cash Conversion Cycle (CCC)	-55.63	-77.72	-96.94	-96.27	-92.15	-66.43	-60.69	-66.12	-65.06	-63.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,875	3,649	4,089	3,943	4,018	4,355	4,023	4,078	4,124	4,342
Invested Capital Turnover	3.86	2.63	2.51	2.83	3.07	2.74	2.72	2.75	2.75	2.60
Increase / (Decrease) in Invested Capital	684	15	355	581	1,143	706	-66	135	106	-13
Enterprise Value (EV)	15,915	19,444	23,515	20,682	20,306	15,216	14,032	10,291	15,415	16,907
Market Capitalization	19,458	22,277	26,104	23,288	22,859	17,266	15,874	12,025	17,307	18,293
Book Value per Share	$15.30	$15.49	$15.96	$15.67	$15.76	$15.48	$14.63	$14.91	$15.65	$15.08
Tangible Book Value per Share	$10.28	$10.36	$10.82	$10.79	$10.90	$10.45	$9.53	$9.69	$10.17	$9.75
Total Capital	7,168	7,162	7,416	7,217	7,469	7,287	6,753	6,898	7,043	6,554
Total Debt	0.00	2.00	0.00	0.00	210	168	165	416	315	127
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-4,293	-3,511	-3,327	-3,274	-3,241	-2,764	-2,565	-2,404	-2,604	-2,085
Capital Expenditures (CapEx)	162	170	179	153	167	211	189	169	165	182
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,431	-1,376	-1,367	-1,416	-1,471	-1,423	-1,338	-1,458	-1,477	-1,306
Debt-free Net Working Capital (DFNWC)	2,606	1,776	1,614	1,535	1,661	1,177	1,057	1,019	1,054	538
Net Working Capital (NWC)	2,606	1,774	1,614	1,535	1,451	1,009	892	603	739	411
Net Nonoperating Expense (NNE)	-5.02	-17	-16	-21	-32	-23	-34	-29	-49	-17
Net Nonoperating Obligations (NNO)	-4,293	-3,511	-3,327	-3,274	-3,241	-2,764	-2,565	-2,404	-2,604	-2,085
Total Depreciation and Amortization (D&A)	150	135	116	112	111	114	117	118	120	121
Debt-free, Cash-free Net Working Capital to Revenue	-14.64%	-14.38%	-13.92%	-13.69%	-13.91%	-12.96%	-12.14%	-13.20%	-13.19%	-11.55%
Debt-free Net Working Capital to Revenue	26.67%	18.56%	16.44%	14.84%	15.71%	10.72%	9.59%	9.23%	9.41%	4.76%
Net Working Capital to Revenue	26.67%	18.54%	16.44%	14.84%	13.72%	9.19%	8.10%	5.46%	6.60%	3.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.49	$0.13	$0.69	$0.47	$0.59	$0.24	$0.72	$0.55	$0.77	$0.30
Adjusted Weighted Average Basic Shares Outstanding	420M	421M	418M	418M	416M	416M	401M	389M	384M	388M
Adjusted Diluted Earnings per Share	$0.49	$0.12	$0.68	$0.47	$0.58	$0.24	$0.71	$0.55	$0.77	$0.30
Adjusted Weighted Average Diluted Shares Outstanding	424M	425M	423M	422M	420M	420M	403M	391M	385M	390M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	418.43M	418.40M	417.83M	416.85M	413.65M	400.76M	389.90M	384.42M	379.76M	376.12M
Normalized Net Operating Profit after Tax (NOPAT)	225	52	299	204	235	93	274	209	276	122
Normalized NOPAT Margin	8.37%	2.51%	10.26%	7.68%	8.05%	3.72%	9.27%	7.79%	8.97%	4.68%
Pre Tax Income Margin	12.14%	109.05%	14.98%	10.78%	12.53%	5.54%	14.20%	11.38%	14.20%	6.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.58%	82.43%	58.00%	49.63%	47.89%	32.85%	34.30%	34.21%	32.99%	33.47%
Augmented Payout Ratio	81.25%	179.92%	102.35%	72.78%	87.21%	100.89%	171.96%	183.83%	177.63%	160.92%

Frequently Asked Questions About Yum China's Financials

When does Yum China's fiscal year end?

According to the most recent income statement we have on file, Yum China's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Yum China's net income changed over the last 9 years?

Yum China's net income appears to be on an upward trend, with a most recent value of $980 million in 2024, rising from $328 million in 2015. The previous period was $901 million in 2023.

What is Yum China's operating income?

Yum China's total operating income in 2024 was $1.16 billion, based on the following breakdown:

Total Gross Profit: $2.33 billion
Total Operating Expenses: $728 million

How has Yum China revenue changed over the last 9 years?

Over the last 9 years, Yum China's total revenue changed from $6.91 billion in 2015 to $11.30 billion in 2024, a change of 63.6%.

How much debt does Yum China have?

Yum China's total liabilities were at $4.69 billion at the end of 2024, a 4.4% decrease from 2023, and a 286.0% increase since 2015.

How much cash does Yum China have?

In the past 9 years, Yum China's cash and equivalents has ranged from $425 million in 2015 to $1.27 billion in 2018, and is currently $723 million as of their latest financial filing in 2024.

How has Yum China's book value per share changed over the last 9 years?

Over the last 9 years, Yum China's book value per share changed from 5.28 in 2015 to 15.08 in 2024, a change of 185.6%.

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This page (NYSE:YUMC) was last updated on 4/15/2025 by MarketBeat.com Staff

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Yum China (YUMC) Financials

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