What was the total value of long-lived assets for The Standardx in the United States as of a specific date?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
d long-lived assets, including property and equipment, net and operating lease ROU assets, by geographical region:
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Revenues: | ||||||||
| United States | $ 5,036 | $ | 5,074 | $ | 4,560 | |||
| All foreign | 1,612 | 1,593 | 1,331 | |||||
| Total | $ 6,648 | $ | 6,667 | $ | 5,891 | |||
| December 31, 2024 | December 31, 2023 | |||||||
| Long-lived assets: | ||||||||
| United States |
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the value of long-lived assets in the United States was reported for two specific dates. As of December 31, 2023, the value of long-lived assets in the United States was $2,001. As of December 31, 2024, this value decreased to $1,316.
Long-lived assets typically include items such as property, plant, and equipment (PP&E), which are used in the company's operations for more than one year. These assets are essential for generating revenue and supporting the business activities of The Standardx. The decrease in long-lived assets from 2023 to 2024 could be due to depreciation, disposal of assets, or other factors affecting the value of these assets.
For a prospective franchisee, understanding the value and changes in long-lived assets can provide insights into the financial health and investment strategies of The Standardx. It is important to note that these figures reflect the company's overall assets and may not directly correlate with the assets required or owned by an individual franchise location. A potential franchisee should inquire about the specific assets they will need to operate their franchise and the associated costs.