What was the profit (loss) before interest and taxation for Petro Stopping Center's joint ventures in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Sales and other operating revenues | 601 | 700 | 503 |
| Profit (loss) before interest and taxation | 175 | (1,055) | (163) |
| Finance costs | 7 | 4 | 9 |
| Profit (loss) before taxation | 168 | (1,059) | (172) |
| Taxation | 1 | 2 | 1 |
| Profit (loss) for the year | 167 | (1,061) | (173) |
| Other comprehensive income | 1 | — | 12 |
| Total comprehensive income (loss) | 168 | (1,061) | (161) |
| Non-current assets | 2,807 | 3,149 | |
| Current assets | 320 | 672 | |
| Total assets | 3,127 | 3,821 | |
| Current liabilities | 410 | 586 | |
| Non-current liabilities | 342 | 449 | |
| Total liabilities | 752 | 1,035 | |
| Net assets | 2,375 | 2,786 | |
| Less: Non-controlling interests | 10 | 13 | |
| Company's investment in joint ventures | 2,365 | 2,773 |
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 profit (loss) before interest and taxation for its joint ventures in 2023 was $(1,055).
This figure indicates a loss from joint venture operations before accounting for interest and taxes. This loss could stem from various factors, such as underperforming ventures, increased operational costs, or decreased revenue within those specific joint ventures. It is important to note that this is a specific snapshot for the year 2023 and may not be indicative of the long-term performance of these ventures.
A prospective franchisee should investigate the reasons behind this loss and understand the overall strategy and risk associated with Petro Stopping Center's joint ventures. Understanding the nature of these joint ventures and their potential impact on the overall financial health of Petro Stopping Center is crucial for making an informed investment decision.
It is also worth comparing this figure with previous years and subsequent performance to identify any trends or patterns. While 2023 showed a loss, the performance in 2024 might offer a different perspective, as the profit (loss) before interest and taxation was $175. This comparison can provide a more comprehensive understanding of the financial dynamics of Petro Stopping Center's joint ventures.