What was the amount of accounts receivable for Christian Brothers Automotive as of December 31, 2024?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
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Contract Assets
Accounts receivable represent the uncollected portion of amounts recorded as sales and billed to customers. Accounts receivable are stated at the amount the Company expects to collect.
Accounts receivable, net of the allowance for credit losses as of January 1, 2023,
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, accounts receivable represent the uncollected portion of amounts recorded as sales and billed to customers. These receivables are stated at the amount the company expects to collect. The document specifies that accounts receivable, net of the allowance for credit losses as of January 1, 2023, was approximately $12,954,000.
However, the 2025 FDD does not explicitly state the exact amount of accounts receivable for Christian Brothers Automotive as of December 31, 2024.
To obtain the specific accounts receivable figure for December 31, 2024, a prospective franchisee should directly request this information from Christian Brothers Automotive. Understanding the accounts receivable balance is crucial for assessing the company's financial health and its ability to manage credit and collections effectively.