What was the expenditure on research and development for Petro Stopping Center in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Interest and other income | |||
| Interest income from | |||
| Financial assets measured at amortized cost | 2,732 | 2,623 | 1,185 |
| Financial assets measured at fair value through profit or loss | — | 1 | — |
| Other income | 145 | 206 | 694 |
| 2,877 | 2,830 | 1,879 | |
| Currency exchange (gains) losses charged to the income statementa | (95) | (21) | (122) |
| Expenditure on research and development | 71 | 76 | 75 |
| Costs relating to the Gulf of America oil spill (pre-interest and tax)b | 51 | 84 | 84 |
| Finance costs | |||
| Interest expense on lease liabilities | 247 | 182 | 99 |
| Interest expense on other liabilities measured at amortized costc | 2,405 | 1,852 | 1,255 |
| Capitalized at 4.94% (2023 4.88% and 2022 3.56%)d | (84) | (210) | (270) |
| Unwinding of discount on provisions | 273 | 244 | 178 |
| Unwinding of discount on other payables measured at amortized cost | 497 | 448 | 453 |
| 3,338 | 2,516 | 1,715 |
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 expenditure on research and development in 2024 was $71 million. This figure provides insight into the company's commitment to innovation and future growth. For a prospective franchisee, this indicates that Petro Stopping Center invests in exploring new technologies, services, or operational efficiencies, which could lead to a competitive advantage and improved profitability for franchisees.
It's important to consider this expenditure in the context of Petro Stopping Center's overall financial performance. While a significant investment in research and development can be a positive sign, franchisees should also assess how these expenditures translate into tangible benefits, such as new revenue streams, cost savings, or enhanced customer experiences. Understanding the specific areas of research and development that Petro Stopping Center is focusing on can provide valuable insights into the company's strategic priorities and potential future opportunities for franchisees.
Furthermore, prospective franchisees may want to inquire about the historical trends in research and development spending and the expected impact of these investments on the franchise system. Understanding the company's approach to innovation and its track record of successful research and development initiatives can help franchisees make informed decisions about their investment in a Petro Stopping Center franchise.