QSR (Restaurant Brands International) ROCE % : 11.67% (As of Jun. 2024)

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What is Restaurant Brands International 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's annualized ROCE % for the quarter that ended in Jun. 2024 was 11.67%.

Restaurant Brands International ROCE % Historical Data

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

Restaurant Brands International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.03

6.25

8.67

8.94

9.78

Restaurant Brands International Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															10.65	10.86	8.96	10.34	11.67

Restaurant Brands International ROCE % Calculation

Restaurant Brands International'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 )
	=	2048	/	( ( (22746 - 2116)	+	(23391 - 2144) )	/ 2 )
	=	2048	/	( (20630	+	21247)	/ 2 )
	=	2048	/	20938.5
	=	9.78 %

Restaurant Brands International's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	2536	/	( ( (23145 - 1924)	+	(24849 - 2617) )	/ 2 )
	=	2536	/	( ( 21221	+	22232 )	/ 2 )
	=	2536	/	21726.5
	=	11.67 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Restaurant Brands International (NYSE:QSR) 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 ROCE % Related Terms

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Restaurant Brands International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands International Inc (NYSE:QSR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

QSR:Mexico 0VFA:UK 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.

Executives

Thomas Benjamin Curtis	officer: See Remarks	30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Axel Mr Schwan	officer: Pres., Tim Hortons Americas	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Joshua Kobza	officer: Chief Financial Officer	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Ali Hedayat	director	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jill Granat	officer: See Remarks	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Duncan Fulton	officer: Chief Corporate Officer	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Jeffrey Housman	officer: See Remarks	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Matthew Dunnigan	officer: CFO	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jacqueline Friesner	officer: See Remarks	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Sami A. Siddiqui	officer: Brand Pres., Popeyes, Americas	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
David Chan Shear	officer: President, International	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
J Patrick Doyle	officer: Executive Chairman	8701 COLLINS AVENUE UNIT 1202, MIAMI BEACH FL 33154
Jordana Fribourg	director	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Jose E. Cil	officer: See Remarks	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Cristina Farjallat	director	130 KING STREET WEST, SUITE 300, TORONTO Z4 M5X 1E1