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Speedway Motorsports (Speedway Motorsports) Gross Margin % : 47.36% (As of Jun. 2019)


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What is Speedway Motorsports Gross Margin %?

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%.


The historical rank and industry rank for Speedway Motorsports's Gross Margin % or its related term are showing as below:


TRK's Gross Margin % is not ranked *
in the Travel & Leisure industry.
Industry Median: 43.19
* Ranked among companies with meaningful Gross Margin % only.

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

The 5-Year average Growth Rate of Gross Margin for Speedway Motorsports was 0.00% per year.


Speedway Motorsports Gross Margin % Historical Data

The historical data trend for Speedway Motorsports's Gross Margin % 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.

Speedway Motorsports Gross Margin % Chart

Speedway Motorsports Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.59 50.33 45.99 48.33 47.27

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 Margin % Get a 7-Day Free Trial 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 48.20 46.55 40.77 49.23 47.36

Competitive Comparison of Speedway Motorsports's Gross Margin %

For the Leisure subindustry, Speedway Motorsports's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Margin % Distribution in the Travel & Leisure Industry

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

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



Speedway Motorsports Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

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

Gross Margin % (A: Dec. 2018 )=Gross Profit (A: Dec. 2018 ) / Revenue (A: Dec. 2018 )
=218.3 / 461.914
=(Revenue - Cost of Goods Sold) / Revenue
=(461.914 - 243.59) / 461.914
=47.27 %

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 )
=67.2 / 141.868
=(Revenue - Cost of Goods Sold) / Revenue
=(141.868 - 74.676) / 141.868
=47.36 %

* 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.


Speedway Motorsports  (NYSE:TRK) Gross Margin % 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


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Speedway Motorsports Gross Margin % Related Terms

Thank you for viewing the detailed overview of Speedway Motorsports's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Speedway Motorsports (Speedway Motorsports) Business Description

Traded in Other Exchanges
N/A
Address
5555 Concord Parkway South, Concord, NC, USA, 28027
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

Speedway Motorsports (Speedway Motorsports) Headlines

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