table_specific

What was the change in accounts receivable - trade for All Team in 2022?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

findings, and certain internal control related matters that we identified during the audit.

Tampa, Florida

May 30, 2024

ALL TEAM FRANCHISE CORPORATION BALANCE SHEETS

AS OF DECEMBER 31, 2023 AND 2022

2023 2022

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)

What This Means (2025 FDD)

According to All Team's 2025 Franchise Disclosure Document, the accounts receivable-trade for 2022 was $2,468,379 and for 2023 was $1,075,420. This is according to the balance sheets as of December 31, 2023 and 2022. The document also notes that these figures are pledged and are less credit losses of $57,416 and $51,915, respectively.

Accounts receivable represents the money owed to All Team by its customers for services rendered but not yet paid. A decrease in accounts receivable could suggest that All Team collected payments more efficiently in 2023 compared to 2022, or that sales decreased.

For a prospective franchisee, understanding the fluctuations in accounts receivable is crucial. It provides insights into the company's revenue cycle and its ability to manage credit and collections. A consistent and healthy accounts receivable balance is indicative of stable financial health. Franchisees should inquire about the factors contributing to these changes and All Team's strategies for maintaining a healthy accounts receivable turnover.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.