What was the end of year accounts receivable for Floors To Go in 2022?

According to the 2025 Floors To Go Franchise Disclosure Document, the end of year accounts receivable for 2022 was $383,451. This figure represents the amount of money owed to Floors To Go by its customers or franchisees at the end of the 2022 fiscal year. Accounts receivable are customer obligations due under normal trade terms generally requiring payment within 30 to 60 days from the invoice date.

For a prospective franchisee, understanding the accounts receivable is crucial because it reflects the financial health and efficiency of Floors To Go in collecting payments. A high accounts receivable balance might indicate difficulties in collecting payments, while a lower balance suggests efficient collection processes. This information, in conjunction with other financial metrics, can help potential franchisees assess the stability and operational effectiveness of Floors To Go.

Floors To Go estimates an allowance for expected credit losses based on the amount it expects to collect from customers, based on the length of time the receivables have been outstanding, historical collection experience, current market conditions and forecasted economic and business environments. Amounts that are deemed to be uncollectible are written off against the allowance for credit losses. The expense associated with the allowance for credit losses of $35,724 for the year ended December 31, 2022, is recognized in operating expenses.