Interface Inc (TILE)

Days of sales outstanding (DSO)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Receivables turnover 7.50 6.91 6.82 7.68 7.42
DSO days 48.65 52.80 53.52 47.53 49.17

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.50
= 48.65

Interface Inc.'s days of sales outstanding (DSO) has shown a fluctuating trend over the past five years. In 2023, the DSO stood at 47.27 days, showing an improvement from the previous year's DSO of 51.41 days in 2022. However, the DSO in 2023 was still higher compared to 2021 when it was 46.27 days.

Interestingly, in 2022, the DSO had increased significantly compared to 2021, indicating potential issues with accounts receivable management. The highest DSO among the years analyzed was recorded in 2022 at 52.20 days, highlighting a potential area for improvement in collecting receivables more efficiently.

On the other hand, the DSO decreased in 2021 compared to 2020, suggesting a more effective credit and collection process during that period. Overall, Interface Inc. should continue to monitor and manage its DSO to ensure timely collection of accounts receivable and maintain healthy cash flows.


Peer comparison

Dec 31, 2023

Company name
Symbol
DSO
Interface Inc
TILE
48.65
Mohawk Industries Inc
MHK
61.96