What was the total value of Face Foundrie's accounts receivable, net in 2023?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
Restrictions on Use
The use of this report is restricted to inclusion within the Company's Franchise Disclosure Document (FDD) and is not intended to be, and should not be, used or relied upon by anyone for any other use.
St. George, Utah April 16, 2025
BALANCE SHEETS
As of December 31, 2024, 2023 and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Assets | |||
| Current assets | |||
| Cash and cash equiv |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the total value of accounts receivable, net, for the company in 2023 was $96,311. This figure represents the money owed to Face Foundrie by its customers or franchisees, adjusted for any potential uncollectible amounts. Accounts receivable are considered current assets, reflecting their short-term nature and expectation of being converted into cash within a year.
For a prospective Face Foundrie franchisee, understanding the accounts receivable is crucial as it reflects the financial health and efficiency of the company in collecting its dues. A higher accounts receivable balance might indicate potential issues with collecting payments, while a lower balance suggests efficient collection processes. This information, in conjunction with other financial metrics, provides insights into the company's working capital management and overall financial stability.
It's also important to note that accounts receivable are subject to adjustments for doubtful accounts, which are estimates of amounts that may not be collected. The net figure presented ($96,311) already accounts for these potential losses, providing a more realistic view of the recoverable amount. Franchisees should consider this figure in the context of Face Foundrie's overall financial performance and assess the company's ability to manage its receivables effectively.