What was the change in accounts receivable, supplies inventory, and other assets for C12 Group in 2021?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
pital - End of Year | $ 1,843,880 | $ 1,312,531 | The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statements of Cash Flows Years Ended December 31, 2022 and 2021
| 2022 | 2021 | |
|---|---|---|
| Cash Flows From Operating Activities: | $ 640,867 | $ 296,300 |
| Net Income | ||
| Adjustments to Reconcile Net Income to Net Cash | ||
| Provided (Used) by Operating Activities: | 101,471 | 57,769 |
| Depreciation and Amortization | ||
| (Increase) Decrease in: | ||
| Accounts Receivable Supplies Inventory and Other Assets Other Operating Lease Right-of-Use Assets |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, in 2021, there were specific changes in operating assets. The accounts receivable saw a decrease of $37,300. Supplies inventory experienced an increase of $32,237. Other assets decreased by $35,816. These figures reflect the changes in C12 Group's financial position during that year.
These changes in operating assets and liabilities are important for prospective franchisees to understand as they provide insight into how C12 Group manages its finances. Monitoring accounts receivable, supplies inventory, and other assets can help in assessing the company's operational efficiency and financial health. A decrease in accounts receivable could indicate more efficient collection processes, while changes in supplies inventory might reflect adjustments in purchasing or usage patterns.
For a potential franchisee, these figures offer a glimpse into the financial dynamics of C12 Group. Understanding these changes can aid in evaluating the overall stability and performance of the company. It's essential to consider these figures in conjunction with other financial data and qualitative factors to make an informed decision about investing in a C12 Group franchise. Prospective franchisees should discuss these changes with C12 Group to understand the reasons behind them and their potential impact on future operations.