What was the total value of Monicals Pizza's accounts receivable in 2023?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
….....……………As of December 31,
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 3,983,449 | $ 3,416,311 |
| Short-term investments | 4,370,868 | 5,660,513 |
| Accounts receivable | 380,798 | 747,232 |
| Inventories | 473,005 | 473,359 |
| Prepaid expenses and other current assets | 226,054 | 198,006 |
| TOTAL CURRENT ASSETS | 9,434,174 | 10,495,421 |
| Property and equipment, net | 8,915,771 | 8,795,147 |
| Goodwill, net | 528,368 | 601,407 |
| Favorable royalty contract, net | 135,329 | 144,013 |
| Operating lease right-of-use assets, net | 4,675,079 | 5,268,530 |
| Finance lease right-of-use assets, net | 798,818 | 1,134,741 |
| TOTAL ASSETS |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the total value of accounts receivable for the company in 2023 was $747,232. This figure represents the amount of money owed to Monicals Pizza by its customers or other parties for goods or services already provided. Accounts receivable is considered a current asset on the company's balance sheet, indicating its short-term liquidity.
For a prospective franchisee, understanding the accounts receivable is crucial as it reflects the efficiency of the company's credit and collection policies. A high accounts receivable balance might indicate difficulties in collecting payments, which could impact cash flow. Conversely, a lower balance suggests effective collection practices and a healthy cash conversion cycle.
It's important to note that while this figure provides a snapshot of the company's accounts receivable, it does not reveal the details of those receivables, such as their age or collectibility. A potential franchisee should consider this information in conjunction with other financial metrics to assess the overall financial health and stability of Monicals Pizza.