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What was the total amount of trade accounts receivable for Aplus as of December 31, 2023?

Aplus Franchise · 2024 FDD

Answer from 2024 FDD Document

1, we acquired a refined product terminal from Cato, Incorporated for approximately $6 million. The terminal, located in Salisbury, Maryland, has storage capacity of approximately 140 thousand barrels.

4. Accounts Receivable, net

Accounts receivable, net, consisted of the following:

| | December 31, 2023 | December 31, 2022 | |-------------

Source: Item 22 — CONTRACTS (FDD page 68)

What This Means (2024 FDD)

According to Aplus's 2024 Franchise Disclosure Document, the total amount of trade accounts receivable as of December 31, 2023, was $703. This figure represents the amount of money owed to Aplus by its customers for goods or services provided on credit. It's a key indicator of Aplus's ability to manage its credit sales and collect payments efficiently.

For a prospective Aplus franchisee, understanding the trade accounts receivable is important because it reflects the financial health of the company. A high number could indicate potential issues with collecting payments, while a lower number suggests efficient credit management. Reviewing this figure in comparison to previous years, as well as industry benchmarks, can provide insights into the stability and performance of Aplus.

It's also worth noting that the net accounts receivable, which includes trade, credit card, and other receivables, less an allowance for expected credit losses, was $856 as of the same date. This broader metric gives a more comprehensive view of the total receivables Aplus holds and the potential risk of uncollectible amounts. Franchisees should consider both the trade accounts receivable and the net accounts receivable when assessing the financial standing of Aplus.

Disclaimer: This information is extracted from the 2024 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.