Restaurant Brands International LP (TSX:QSP.UN) ROCE % : 8.92% (As of Dec. 2023)

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What is Restaurant Brands International LP ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Restaurant Brands International LP's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.92%.

Restaurant Brands International LP ROCE % Historical Data

The historical data trend for Restaurant Brands International LP's ROCE % 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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Restaurant Brands International LP ROCE % Chart

Restaurant Brands International LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.93

6.16

8.67

9.21

9.72

Restaurant Brands International LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.71	8.70	10.50	10.96	8.92

Restaurant Brands International LP ROCE % Calculation

Restaurant Brands International LP's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2747.597	/	( ( (30900.441 - 2874.586)	+	(31381.366 - 2876.39) )	/ 2 )
	=	2747.597	/	( (28025.855	+	28504.976)	/ 2 )
	=	2747.597	/	28265.4155
	=	9.72 %

Restaurant Brands International LP's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2538.308	/	( ( (31225.489 - 2802.27)	+	(31381.366 - 2876.39) )	/ 2 )
	=	2538.308	/	( ( 28423.219	+	28504.976 )	/ 2 )
	=	2538.308	/	28464.0975
	=	8.92 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Restaurant Brands International LP (TSX:QSP.UN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Restaurant Brands International LP ROCE % Related Terms

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Restaurant Brands International LP (TSX:QSP.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands International LP (TSX:QSP.UN) » Definitions » ROCE %

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Traded in Other Exchanges

RSTRF:USA

Address

130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1

Website

https://www.rbi.com

Restaurant Brands International LP is a Canada-based firm. It owns, operates and franchises quick-service restaurants and possesses market recognition. It operates in three segments namely; Tim Hortons; Burger King; and Popeyes Louisiana Kitchen. Its business generates revenue from franchise revenues; property revenues from properties it leases or subleases to franchisees; and sales at restaurants owned by the company. In addition, the Tim Hortons business generates a vast majority of the revenue from sales to franchisees related to its supply chain operations, including manufacturing, procurement, warehousing, and distribution, as well as sales to retailers.

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