Interface Inc (TILE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 5, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.20 | 2.90 | 2.87 | 2.70 | 2.94 | 2.93 | 3.01 | 2.81 | 2.81 | 2.66 | 2.63 | 2.48 | 2.90 | 2.84 | 2.71 | 2.14 | 2.29 | 1.88 | 1.76 | 2.51 | |
| DOH | days | 114.22 | 125.71 | 127.27 | 135.19 | 124.16 | 124.45 | 121.35 | 129.88 | 129.98 | 137.28 | 138.91 | 147.25 | 126.04 | 128.41 | 134.71 | 170.83 | 159.22 | 194.06 | 207.96 | 145.59 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.20
= 114.22
Interface Inc's days of inventory on hand (DOH) has fluctuated over the past few years. In the most recent periods, the company has shown improvement in managing its inventory levels.
The average DOH for Interface Inc was around 160 days in 2020, but it decreased steadily thereafter. By the end of 2024, the DOH had decreased to about 114 days, indicating that the company has become more efficient in managing its inventory.
Overall, the decreasing trend in DOH suggests that Interface Inc has been able to better control its inventory levels, which can lead to cost savings and improved cash flow. It is important for the company to continue monitoring and optimizing its inventory management practices to sustain this positive trend.
Peer comparison
Dec 31, 2024