• Yum! Brands average return on tangible equity for 2023 was -15.06, a 1.57% increase from 2022.
• Yum! Brands average return on tangible equity for 2022 was -15.3, a 3.29% decline from 2021.
• Yum! Brands average return on tangible equity for 2021 was -15.82, a 37.8% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.