Interface Inc (TILE)
Fixed asset turnover
| 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 | Apr 5, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,237,937 | 1,242,993 | 1,260,160 | 1,278,311 | 1,263,671 | 1,272,814 | 1,257,784 | 1,205,865 | 1,170,717 | 1,102,204 | 1,075,866 | 1,047,874 | 1,090,039 | 1,165,797 | 1,228,930 | 1,320,123 | 1,322,849 | 1,320,426 | 1,292,124 | 1,225,053 |
| Property, plant and equipment | US$ in thousands | 283,904 | 275,995 | 282,943 | 286,000 | 292,131 | 286,925 | 300,802 | 316,303 | 323,254 | 326,702 | 337,584 | 341,797 | 352,898 | 346,592 | 338,177 | 328,726 | 324,585 | 309,972 | 307,339 | 300,405 |
| Fixed asset turnover | 4.36 | 4.50 | 4.45 | 4.47 | 4.33 | 4.44 | 4.18 | 3.81 | 3.62 | 3.37 | 3.19 | 3.07 | 3.09 | 3.36 | 3.63 | 4.02 | 4.08 | 4.26 | 4.20 | 4.08 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,237,937K ÷ $283,904K
= 4.36
Interface Inc.'s fixed asset turnover has been consistently strong over the past eight quarters, averaging around 4.40. This indicates that the company is generating approximately $4.40 in sales for every $1 of fixed assets it owns. A high fixed asset turnover ratio suggests that Interface Inc. is effectively utilizing its fixed assets to generate revenue. The slight fluctuations in the ratio may be attributed to changes in sales volume or changes in the value of the fixed assets. Overall, the trend indicates efficient management of fixed assets and a healthy operational performance for Interface Inc.
Peer comparison
Dec 31, 2023