Golf equipment company takes action to recover debt

Adam's Golf, a leader in hybrid iron set technology, has modified its corporate strategy to increase its debt collection practices, according to InsideARM. The Plano, Texas-based company, which recently recorded record net sales of $34.1 million through the end of the last fiscal year, noted that it has been working to recoup money lost from dubious accounts. "Adam’s Golf has been increasing its inventories in order to offer customers the widest range of products, and has also been streamlining its debt collection from clients," the company noted in its corporate strategy, quoted by the news source. "Accordingly, it has significantly conducted due diligence on all of its customers, so that its allowance for doubtful accounts is maintained efficiently." Benzinga adds that Adam's has recently increased its inventory to offer a wider range of products, and uses the FIFO method for equipment turnover. The company's growing balance sheet has made it a favorable stock compared to similar companies because it trades at a cheaper rate and displays impressive accounting policies, the news source adds.