What was the value of the 'Notes receivable' other asset for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Goodwill, net | 35,709 | 25,051 | |
|---|---|---|---|
| Other intangible assets, net | 210,372 | 225,292 | |
| Operating lease right-of-use assets, net | 57,761 | 52,047 | |
| Notes receivable | 154 | 184 | |
| Total other assets | 303,996 | 302,574 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the value of 'Notes receivable' under 'Other assets' was $154 as of December 31, 2024. In comparison, the value for 'Notes receivable' was $184 as of December 31, 2023.
This indicates a slight decrease in the notes receivable for Batteries Plus Bulbs year-over-year. Notes receivable typically represent amounts owed to the company by its customers or other parties, where there is a formal agreement outlining the terms of repayment.
For a prospective franchisee, this information provides insight into the company's asset management and financial health. Monitoring the trend of notes receivable can help assess the credit risk and collection efficiency of Batteries Plus Bulbs. A significant increase in notes receivable could suggest more lenient credit terms or difficulties in collecting payments, while a decrease might indicate tighter credit policies or improved collection efforts.