Restaurant Brands International LP (TSX:QSP.UN) EBIT : C$2,890 Mil (TTM As of Mar. 2024)

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What is Restaurant Brands International LP EBIT?

Restaurant Brands International LP's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$743 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$2,890 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Restaurant Brands International LP's annualized ROC % for the quarter that ended in Mar. 2024 was 8.02%. Restaurant Brands International LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 71.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Restaurant Brands International LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.85%.

Restaurant Brands International LP EBIT Historical Data

The historical data trend for Restaurant Brands International LP's EBIT 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.

* Premium members only.

Restaurant Brands International LP EBIT Chart

Restaurant Brands International LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,600.88

1,674.14

2,360.32

2,549.90

2,747.60

Restaurant Brands International LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															611.63	738.70	773.97	634.58	743.13

Competitive Comparison of Restaurant Brands International LP's EBIT

For the Restaurants subindustry, Restaurant Brands International LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Restaurant Brands International LP's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Restaurant Brands International LP's EV-to-EBIT falls into.

Restaurant Brands International LP EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2,890 Mil.

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

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Restaurant Brands International LP's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	2847.976 * ( 1 - 17.17% )	/	( (29456.169	+	29354.169)	/ 2 )
=	2358.9785208	/	29405.169
=	8.02 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	31381.366	-	1886.29	-	( 1528.082	-	max(0, 2876.39	-	2915.297	+	1528.082	))
=	29456.169

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	31329.072	-	1775.923	-	( 1419.926	-	max(0, 2604.326	-	2803.306	+	1419.926	))
=	29354.169

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Restaurant Brands International LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2972.504	/	( ( (4124.078 + max(-1156.458, 0))	+	(4155.552 + max(-871.717, 0)) )	/	2 )
=	2972.504	/	( ( 4124.078	+	4155.552 )	/	2 )
=	2972.504	/	4139.815
=	71.80 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1004.858	+	222.706	+	159.651)	-	(1886.29	+	436.02	+	221.363)
=	-1156.458

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1013.846	+	205.747	+	163.787)	-	(1775.923	+	366.826	+	112.348)
=	-871.717

When net working capital is negative, 0 is used.

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

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Restaurant Brands International LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2890.378	/	49383.229
	=	5.85 %

Restaurant Brands International LP EBIT 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 » EBIT

Comparable Companies

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.

Restaurant Brands International LP (TSX:QSP.UN) Headlines

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