Speedway Motorsports (Speedway Motorsports) Gross Profit : $219.9 Mil (TTM As of Jun. 2019)

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What is Speedway Motorsports Gross Profit?

Speedway Motorsports's gross profit for the three months ended in Jun. 2019 was $67.2 Mil. Speedway Motorsports's gross profit for the trailing twelve months (TTM) ended in Jun. 2019 was $219.9 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Speedway Motorsports's gross profit for the three months ended in Jun. 2019 was $67.2 Mil. Speedway Motorsports's Revenue for the three months ended in Jun. 2019 was $141.9 Mil. Therefore, Speedway Motorsports's Gross Margin % for the quarter that ended in Jun. 2019 was 47.36%.

Speedway Motorsports had a gross margin of 47.36% for the quarter that ended in Jun. 2019 => Durable competitive advantage

Speedway Motorsports Gross Profit Historical Data

The historical data trend for Speedway Motorsports'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.

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Speedway Motorsports Gross Profit Chart

Speedway Motorsports Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Gross Profit

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235.35

238.94

227.86

221.50

218.32

Speedway Motorsports Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Gross Profit	Get a 7-Day Free Trial															80.43	74.52	25.12	53.11	67.19

Competitive Comparison of Speedway Motorsports's Gross Profit

For the Leisure subindustry, Speedway Motorsports'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.

Speedway Motorsports's Gross Profit Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Speedway Motorsports's Gross Profit falls into.

Speedway Motorsports Gross Profit Calculation

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

Speedway Motorsports's Gross Profit for the fiscal year that ended in Dec. 2018 is calculated as

Gross Profit (A: Dec. 2018 )	=	Revenue	-	Cost of Goods Sold
	=	461.914	-	243.59
	=	218.3

Speedway Motorsports's Gross Profit for the quarter that ended in Jun. 2019 is calculated as

Gross Profit (Q: Jun. 2019 )	=	Revenue	-	Cost of Goods Sold
	=	141.868	-	74.676
	=	67.2

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $219.9 Mil.

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

Speedway Motorsports's Gross Margin % for the quarter that ended in Jun. 2019 is calculated as

Gross Margin % (Q: Jun. 2019 )	=	Gross Profit (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	67.2	/	141.868
	=	47.36 %

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.

Speedway Motorsports (NYSE:TRK) 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

Speedway Motorsports had a gross margin of 47.36% for the quarter that ended in Jun. 2019 => Durable competitive advantage

Speedway Motorsports Gross Profit Related Terms

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Speedway Motorsports (Speedway Motorsports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Speedway Motorsports Inc (NYSE:TRK) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

5555 Concord Parkway South, Concord, NC, USA, 28027

Website

http://www.speedwaymotorsports.com

Speedway Motorsports Inc act as a promoter, marketer and sponsor of motorsports activities in the United States. The company also provides souvenir merchandising, including screen-printing and embroidery, as well as food, beverage, and hospitality catering services; and radio programming, production, and distribution services. It operates through motorsports event related segments. The motorsports event related segment includes admissions, event related, NASCAR broadcasting and event motorsports merchandising activities. Speedway generates most of the income from NASCAR broadcasting which include rights fees obtained for domestic television broadcasts of NASCAR-sanctioned events.

Executives

James P Holden	director	1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Mark M Gambill	director	5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027
William R Brooks	director, officer: Chief Financial Officer	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Marcus G Smith	director, 10 percent owner, officer: Chief Executive Officer	5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027
O Bruton Smith	director, 10 percent owner, officer: Executive Chairman	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Bryan Scott Smith	director, 10 percent owner	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Byrd Bernard Clinton Jr	director	4401 COLWICK ROAD, CHARLOTTE NC 28211
David Bruton Smith	10 percent owner	C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212
Robert L Rewey	director	401 LONE PINE COURT, BLOOMFIELD HILLS MI 48304
William P Benton	director	PARKLANE TOWERS WEST, 3 PARKLANE BLVD STE 1610, DEARBORN MI 48126