How do you interpret franchise — contract with customer liability noncurrent?

An increase suggests a growing pipeline of new franchise openings or long-term contract renewals that have been paid for but not yet fully amortized.

How does franchise — contract with customer liability noncurrent compare across companies?

Similar to deferred franchise fee liabilities reported by other franchisors under ASC 606 revenue recognition standards.

Texas Roadhouse TXRH Franchise — Contract With Customer Liability Noncurrent

Discontinued — last reported Q4 '21

Similar metrics at other companies

ROLFranchise — Contract With Customer Liability Current

$1.7M—

BROSFranchising — Contract with Customer, Liability

$2.62M+8.7%

BROSCustomer advances and sales to distributors and franchise fee — Deferred revenue, net of current portion

$2.12M+6.8%

BROSCustomer advances and sales to distributors and franchise fee — Contract with Customer, Liability

$2.54M+5.9%

BROSCustomer advances and sales to distributors and franchise fee — Contract with Customer, Liability, Current

$422K+1.7%

BROSInitial unearned franchise fees — Contract with Customer, Liability

$2.66M—

Other financials

Income statement

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Revenue$1.6B+12.8%

Operating income$146.3M+8.6%

Net income$126.0M+8.6%

EPS (diluted)$1.87+10.0%

Balance sheet

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Cash & equivalents$214.6M-3.0%

Total debt$1.1B+16.2%

Total equity$1.5B+9.9%

Total assets$3.6B+12.0%

Cash flow

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Operating cash flow$259.1M+9.0%

CapEx$80.2M+3.6%

Free cash flow$178.9M+11.6%

Valuation

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Market cap$11.68B-1.7%

Enterprise value$12.52B-0.3%

P/E27.5×+0.8×

P/S1.9×-0.2×

Profitability

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Gross margin67.6%—

Operating margin8%-1.4pp

Net margin7%-1.1pp

FCF margin5.9%-1.2pp

Returns & leverage

See full

Return on equity29.3%-5.1pp

Debt / equity0.7×0.0×

Current ratio0.5×0.0×

Where this comes from

Reported directly by Texas Roadhouse in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Texas Roadhouse’s 10-K, filed February 25, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Texas Roadhouse's franchise — contract with customer liability noncurrent?: Texas Roadhouse (TXRH) reported franchise — contract with customer liability noncurrent of $1.9M in Q4 2021.
What does franchise — contract with customer liability noncurrent mean?: Long-term deferred revenue from franchise contracts that will be recognized in future periods.
How do you interpret franchise — contract with customer liability noncurrent?: An increase suggests a growing pipeline of new franchise openings or long-term contract renewals that have been paid for but not yet fully amortized.
How does franchise — contract with customer liability noncurrent compare across companies?: Similar to deferred franchise fee liabilities reported by other franchisors under ASC 606 revenue recognition standards.