What was the change in other receivables for Boulder Designs in 2023?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
| _ | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Other receivables | (2,932) | (868) | (700) |
Source: Item 23 — RECEIPT (FDD pages 50–217)
What This Means (2025 FDD)
According to Boulder Designs's 2025 Franchise Disclosure Document, the change in other receivables in 2023 was a decrease of $868. This figure is part of the cash flow statement, which tracks the movement of money both into and out of the company. Other receivables typically include items like short-term loans to employees or advances to suppliers.
A decrease in other receivables suggests that Boulder Designs collected more on these outstanding items than it issued during the year. This could be a sign of improved efficiency in managing these types of assets.
For a prospective franchisee, understanding these cash flow dynamics is crucial. While a small change in other receivables might not seem significant on its own, it contributes to the overall picture of Boulder Designs's financial health and operational efficiency. Reviewing these figures over several years, as presented in the FDD, can provide a more comprehensive understanding of the franchisor's financial management practices.