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Canterbury Park Holding Gross Profit

: $51.45 Mil (TTM As of Mar. 2022)
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Canterbury Park Holding's gross profit for the three months ended in Mar. 2022 was $11.27 Mil. Canterbury Park Holding's gross profit for the trailing twelve months (TTM) ended in Mar. 2022 was $51.45 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Canterbury Park Holding's gross profit for the three months ended in Mar. 2022 was $11.27 Mil. Canterbury Park Holding's Revenue for the three months ended in Mar. 2022 was $13.64 Mil. Therefore, Canterbury Park Holding's Gross Margin % for the quarter that ended in Mar. 2022 was 82.64%.

Canterbury Park Holding had a gross margin of 82.64% for the quarter that ended in Mar. 2022 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Canterbury Park Holding was 79.38%. The lowest was 73.68%. And the median was 76.74%.


Canterbury Park Holding Gross Profit Historical Data

The historical data trend for Canterbury Park Holding's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Canterbury Park Holding Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.01 45.91 45.79 25.53 47.86

Canterbury Park Holding Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.68 12.20 16.71 11.27 11.27

Competitive Comparison

For the Gambling subindustry, Canterbury Park Holding's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Canterbury Park Holding Gross Profit Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Canterbury Park Holding's Gross Profit distribution charts can be found below:

* The bar in red indicates where Canterbury Park Holding's Gross Profit falls into.



Canterbury Park Holding Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Canterbury Park Holding's Gross Profit for the fiscal year that ended in Dec. 2021 is calculated as

Gross Profit (A: Dec. 2021 )=Revenue - Cost of Goods Sold
=60.4 - 12.536
=47.86

Canterbury Park Holding's Gross Profit for the quarter that ended in Mar. 2022 is calculated as

Gross Profit (Q: Mar. 2022 )=Revenue - Cost of Goods Sold
=13.638 - 2.368
=11.27

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $51.45 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Canterbury Park Holding's Gross Margin % for the quarter that ended in Mar. 2022 is calculated as

Gross Margin % (Q: Mar. 2022 )=Gross Profit (Q: Mar. 2022 ) / Revenue (Q: Mar. 2022 )
=(Revenue - Cost of Goods Sold) / Revenue
=11.27 / 13.638
=82.64 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Canterbury Park Holding  (NAS:CPHC) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Canterbury Park Holding had a gross margin of 82.64% for the quarter that ended in Mar. 2022 => Durable competitive advantage


Canterbury Park Holding Gross Profit Related Terms

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Canterbury Park Holding Business Description

Canterbury Park Holding logo
Industry
Consumer Cyclical » Travel & Leisure NAICS : 711212 SIC : 7948
Traded in Other Exchanges
N/A
Address
1100 Canterbury Road, Shakopee, MN, USA, 55379
Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and lives horse races; the Card Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents its real estate development operations. The firm generates a majority of its revenue from the Card Casino segment.
Executives
Chronister Mark director 1100 CANTERBURY ROAD SOUTH SHAKOPEE MN 55379
Schenian Dale H director, 10 percent owner PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SCHENIAN DALE H a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Sampson Randall D director, 10 percent owner, officer: President and CEO 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Offerman Carin J director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: OFFERMAN CARIN J a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Dahlberg Burton F director 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Dehmer Randy J officer: Chief Financial Officer 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Bausch Maureen Hooley director 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Himle John Stefan director 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Sampson Curtis A director, 10 percent owner PO BOX 777 S MAIN ST HECTOR MN 55342
Wolf Robert officer: Chief Financial Officer 1100 CANTERBURY RD. SHAKOPEE MN 55379
Kennedy Daniel J. officer: Senior VP of Operations 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Hochman Michael officer: Vice President - Card Casino 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Canterbury Park Holding Corp officer: Vice President - Racing 1100 CANTERBURY ROAD S. SHAKOPEE MN 55379
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