Interface Inc (TILE)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,315,658 | 1,305,766 | 1,272,502 | 1,255,449 | 1,261,498 | 1,271,935 | 1,288,686 | 1,305,709 | 1,297,919 | 1,302,010 | 1,286,960 | 1,235,140 | 1,200,398 | 1,137,698 | 1,103,633 | 1,068,352 | 1,074,596 | 1,085,819 | 1,095,346 | 1,175,324 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 368,656 | — | 379,620 | 369,506 | 391,308 | 406,101 | 420,362 | 427,662 | 439,638 | 443,241 | 457,049 | 346,592 | 338,177 | 438,268 |
| Fixed asset turnover | — | — | — | — | — | — | 3.50 | — | 3.42 | 3.52 | 3.29 | 3.04 | 2.86 | 2.66 | 2.51 | 2.41 | 2.35 | 3.13 | 3.24 | 2.68 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,315,658K ÷ $—K
= —
Interface Inc's fixed asset turnover has shown a fluctuating trend over the past few years. The ratio indicates how efficiently the company is generating sales revenue from its investment in fixed assets.
From June 30, 2020, to September 30, 2022, the fixed asset turnover steadily increased from 2.68 to 3.52, indicating that the company was utilizing its fixed assets more effectively to generate sales during this period. This could be a positive sign of improved operational efficiency and asset utilization.
However, from December 31, 2022, to June 30, 2023, the fixed asset turnover decreased slightly to 3.42, and then remained stable at 3.50 in the subsequent periods. This stabilization could suggest that the company is maintaining a consistent level of generating sales relative to its fixed asset base.
The lack of data for the periods beyond June 30, 2023, makes it difficult to assess the current trend in fixed asset turnover. Further analysis would be needed to understand if the company continues to efficiently utilize its fixed assets to drive sales revenue.
Overall, the varying levels of fixed asset turnover in the past indicate the need for continued monitoring and analysis to ensure Interface Inc's assets are being effectively employed to support its revenue generation activities.
Peer comparison
Dec 31, 2024