What was the change in Accounts Payable for All County in 2024?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| nd of Year | 195,251 | (110,516) | 45,901 |
|---|---|---|---|
| TOTAL STOCKHOLDER'S EQUITY (DEFICIT), END OF YEAR | $ 337,459 | $ 31,692 | $ 188,109 |
See accompanying Auditor's Report and Notes to the Financial Statements
Statements of Cash Flows For Years Ended December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 | ||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net Income (Loss) | $ 448,390 | $ 271,100 | $ 216,956 | |
| Adjustments to reconcile Net Income (Loss) | to net cash provided (used) by operating activities: | |||
| Depreciation | 21,008 | 1,399 | - |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the Accounts Payable decreased by $77,617 in 2024, compared to an increase of $115,454 in 2023. This represents a significant shift in All County's short-term liabilities. Accounts payable are amounts All County owes to its suppliers and vendors for goods or services purchased on credit.
A decrease in accounts payable could suggest that All County paid off a substantial portion of its outstanding debts to suppliers during 2024. Alternatively, it might indicate a reduction in purchasing activity on credit. Conversely, the increase in 2023 suggests All County increased its reliance on credit from suppliers, or simply increased its purchasing volume.
For a prospective All County franchisee, these figures offer insight into the company's financial management and its relationships with suppliers. Monitoring these trends over several years can reveal patterns in All County's payment practices and working capital management. A consistent decrease in accounts payable might be viewed positively, indicating efficient cash flow management. However, it's essential to consider the context and reasons behind these changes to fully understand their implications.