What was the change in accounts receivables for 1-800-GOT-JUNK? for the period ended May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Changes in non-cash operating items: Accounts receivables 1,907,548 10,838,454
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the change in accounts receivables for the period ended May 31, 2025, was $1,907,548. In comparison, for the same period in 2024, the change in accounts receivables was $10,838,454.
This figure reflects the net increase in the amount of money owed to 1-800-GOT-JUNK? by its customers and franchisees during this period. A positive change indicates that 1-800-GOT-JUNK? increased its accounts receivables, meaning it billed more than it collected in cash during that time.
For a prospective franchisee, this data point offers insight into the company's cash flow dynamics and billing practices. Monitoring changes in accounts receivable can help assess the financial health and operational efficiency of 1-800-GOT-JUNK?. A significant fluctuation in accounts receivables, as seen when comparing 2025 to 2024, may warrant further investigation to understand the underlying causes and potential implications for franchisees.