What were the 'Earnings from joint ventures and associates - after interest and tax' for Petro Stopping Center in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Note | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Sales and other operating revenues | 4 | 79,377 | 83,612 | 92,710 |
| Earnings from joint ventures and associates - after interest and tax | 12,13 | 206 | (1,062) | (111) |
| Interest and other income | 5 | 2,877 | 2,830 | 1,879 |
| Gains on sale of businesses and fixed assets | 3 | 471 | 191 | 116 |
| Total revenues and other income | 82,931 | 85,571 | 94,594 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the earnings from joint ventures and associates - after interest and tax, was a loss of $1,062 in 2023. This figure reflects Petro Stopping Center's financial interactions with its joint ventures and associated companies, representing the net earnings after accounting for interest and taxes related to those ventures.
For a prospective franchisee, this indicates the financial performance of Petro Stopping Center's investments in other related businesses. A negative value, as seen in 2023, suggests that these investments resulted in a net loss for Petro Stopping Center after considering interest and tax. This could be due to various factors such as underperforming joint ventures, high interest expenses, or significant tax liabilities associated with these ventures.
It's important to note that this is just one aspect of Petro Stopping Center's overall financial performance. Franchisees should consider this figure in conjunction with other financial data, such as total revenues, expenses, and profits, to get a comprehensive understanding of the company's financial health. Additionally, prospective franchisees may want to inquire about the specific joint ventures and associates that contributed to this loss and the company's plans to improve the performance of these investments.
Understanding the performance of joint ventures and associates can provide valuable insights into Petro Stopping Center's broader business strategy and risk profile. While a single year's loss doesn't necessarily indicate a long-term problem, it's a factor that potential franchisees should carefully evaluate as part of their due diligence process.