Interface Inc (TILE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,315,660 | 1,261,500 | 1,297,920 | 1,200,400 | 1,103,260 |
| Property, plant and equipment | US$ in thousands | — | — | 379,620 | 420,362 | 457,049 |
| Fixed asset turnover | — | — | 3.42 | 2.86 | 2.41 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,315,660K ÷ $—K
= —
Interface Inc's fixed asset turnover has been improving steadily over the years, from 2.41 in December 2020 to 2.86 in December 2021 and further to 3.42 in December 2022. This indicates that the company is generating more revenue from its fixed assets over time, reflecting efficient asset utilization. However, the data for December 2023 and December 2024 are not available, limiting a complete trend analysis. Overall, the increasing trend in fixed asset turnover suggests that Interface Inc is effectively managing and utilizing its fixed assets to drive sales.
Peer comparison
Dec 31, 2024