Restaurant Brands International (LTS:0VFA) Total Inventories : C$229 Mil (As of Sep. 2024)

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What is Restaurant Brands International Total Inventories?

Restaurant Brands International's total inventories for the quarter that ended in Sep. 2024 was C$229 Mil. Restaurant Brands International's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was C$224 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Restaurant Brands International's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$-83.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Restaurant Brands International's Days Inventory for the three months ended in Sep. 2024 was 10.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Restaurant Brands International's Inventory Turnover for the quarter that ended in Sep. 2024 was 9.02.

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. Restaurant Brands International's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.07.

Restaurant Brands International Total Inventories Historical Data

The historical data trend for Restaurant Brands International's Total Inventories 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 Total Inventories Chart

Restaurant Brands International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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110.62

122.97

122.88

180.68

222.71

Restaurant Brands International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															216.50	222.71	205.75	219.28	228.93

Restaurant Brands International Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Restaurant Brands International (LTS:0VFA) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Restaurant Brands International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1593.01	+	0.75 * 938.738	+	0.5 * 228.927	-	27135.347
-	0	-	2442.344)	/	323.704
=	-83.92

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

Restaurant Brands International's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	224.1035	/	2022.418	*	365 / 4
	=	10.11

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Restaurant Brands International's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	2022.418	/	224.1035
	=	9.02

4. 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.

Restaurant Brands International's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	224.1035	/	3103.389
	=	0.07

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Restaurant Brands International Total Inventories Related Terms

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Restaurant Brands International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands International Inc (LTS:0VFA) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

QSR:USA QSR:Mexico 0R6:Germany 0R6:Germany QSR:Canada

Address

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

Website

https://www.rbi.com

Restaurant Brands International is one of the largest restaurant companies in the world, with approximately $43 billion in 2023 systemwide sales across a footprint that spanned more than 31,000 restaurants and more than 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Hortons supply chain operations. Formed in 2014 after 3G Capital's acquisition of Tim Hortons International, the RBI portfolio is split among Burger King (7,144 units), Tim Hortons (4,525 units), Popeyes Louisiana Kitchen (3,394 units), Firehouse Subs (1,265 units), and international franchise units of those banners (14,742) as of year-end 2023.

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