Restaurant Brands International LP (TSX:QSP.UN) Days Payable : 59.23 (As of Dec. 2023)

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What is Restaurant Brands International LP Days Payable?

Restaurant Brands International LP's average Accounts Payable for the three months ended in Dec. 2023 was C$999 Mil. Restaurant Brands International LP's Cost of Goods Sold for the three months ended in Dec. 2023 was C$1,539 Mil. Hence, Restaurant Brands International LP's Days Payable for the three months ended in Dec. 2023 was 59.23.

The historical rank and industry rank for Restaurant Brands International LP's Days Payable or its related term are showing as below:

TSX:QSP.UN' s Days Payable Range Over the Past 10 Years
Min: 43.33 Med: 66.86 Max: 242.68
Current: 63.34

During the past 11 years, Restaurant Brands International LP's highest Days Payable was 242.68. The lowest was 43.33. And the median was 66.86.

TSX:QSP.UN's Days Payable is ranked better than
76.76% of 340 companies
in the Restaurants industry
Industry Median: 38.325 vs TSX:QSP.UN: 63.34

Restaurant Brands International LP's Days Payable declined from Dec. 2022 (63.23) to Dec. 2023 (59.23). It may suggest that Restaurant Brands International LP accelerated paying its suppliers.

Restaurant Brands International LP Days Payable Historical Data

The historical data trend for Restaurant Brands International LP's Days Payable 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 Days Payable Chart

Restaurant Brands International LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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66.35

68.62

58.48

62.43

67.36

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
Days Payable	Get a 7-Day Free Trial															63.23	69.19	62.09	60.04	59.23

Competitive Comparison of Restaurant Brands International LP's Days Payable

For the Restaurants subindustry, Restaurant Brands International LP's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Restaurant Brands International LP's Days Payable falls into.

Restaurant Brands International LP Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Restaurant Brands International LP's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1029.743	+	1059.864)	/	2 )	/	5661.552	*	365
=	1044.8035					/	5661.552	*	365
=	67.36

Restaurant Brands International LP's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (937.698	+	1059.864)	/	2 )	/	1538.815	*	365 / 4
=	998.781					/	1538.815	*	365 / 4
=	59.23

Restaurant Brands International LP Days Payable 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 » Days Payable

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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