Interface Inc (TILE)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 832,710 | 821,971 | 806,074 | 799,848 | 820,429 | 848,575 | 866,799 | 878,902 | 860,186 | 848,342 | 835,752 | 791,646 | 767,665 | 729,537 | 699,635 | 519,342 | 524,330 | 465,490 | 462,868 | 661,146 |
| Inventory | US$ in thousands | 260,581 | 283,096 | 281,074 | 296,249 | 279,079 | 289,320 | 288,181 | 312,745 | 306,327 | 319,074 | 318,076 | 319,367 | 265,092 | 256,652 | 258,215 | 243,067 | 228,725 | 247,494 | 263,721 | 263,721 |
| 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $832,710K ÷ $260,581K
= 3.20
Interface Inc's inventory turnover has shown fluctuations over the past few years. The inventory turnover ratio indicates how many times a company has sold and replaced its inventory during a specific period.
From June 2020 to June 2021, the inventory turnover ratio gradually increased from 2.51 to 2.71, indicating an improvement in inventory management efficiency. However, there was a slight decrease in the ratio to 2.48 by March 2022, before picking up again to 3.01 by June 2023.
The ratio remained relatively stable around the 2.80 mark from September 2023 to December 2024, with a slight increase to 3.20 by the end of December 2024. A higher turnover ratio typically signifies that the company is selling inventory quickly and efficiently, while a lower ratio may suggest overstocking or slow sales turnover.
Overall, Interface Inc's inventory turnover has demonstrated a generally positive trend, with some fluctuations along the way. It is important for the company to continue monitoring and optimizing its inventory management practices to ensure efficient utilization of resources and optimal financial performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024