What was the value of Petro Stopping Center's fittings, fixtures, and office equipment at January 1, 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
ated with investments in subsidiaries and equity-accounted entities | 660 | 661 |
The majority of the unused US state tax losses have no fixed expiry date.
Substantially all of the deductible temporary differences have no expiry date.
| Impact of previously unrecognized deferred tax or write-down of deferred tax assets on tax charge | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current tax benefit relating to the utilization of previously unrecognized deferred tax assets | 71 | 138 | 232 |
| Deferred tax benefit arising from the reversal of a previous write-down of deferred tax assets |
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 value of fittings, fixtures, and office equipment at January 1, 2024 was $827 million. This figure represents the cost of owned property, plant, and equipment (PP&E) related to these specific assets at the beginning of the 2024 fiscal year. It's important to note that this value is part of a larger category of assets and reflects the historical cost, not necessarily the current market value or depreciated value.
For a prospective franchisee, this number provides insight into the scale of investment Petro Stopping Center has in its physical assets. While franchisees typically do not directly own these large-scale assets, understanding the franchisor's investment can be helpful in assessing the overall financial health and stability of the company. It also gives context to the types of resources and infrastructure Petro Stopping Center utilizes in its operations.
It is important to consider that this value is a snapshot in time and does not reflect subsequent changes due to acquisitions, disposals, depreciation, or other factors. The FDD also provides figures for these changes throughout the year, allowing for a more comprehensive understanding of how the asset base evolves. Reviewing these changes can provide a more complete picture of Petro Stopping Center's investment strategy and asset management practices.
Franchisees should also note that these figures are presented in millions of dollars, indicating the large scale of Petro Stopping Center's operations. While the franchisee's individual investment will be much smaller, understanding the overall financial context of the franchisor is a key part of due diligence. Prospective franchisees may want to ask Petro Stopping Center about the depreciation methods used and the expected useful lives of these assets to better understand their long-term value and potential impact on the company's financial performance.