Interface Inc (TILE)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 17.12 | 10.46 | 11.61 | 9.56 | 11.24 | 14.19 | 12.65 | 12.94 | 12.82 | 14.46 | 9.29 | 7.01 | 6.61 | 2.03 | 6.67 | 10.81 | 11.95 | 12.75 | 13.64 | 8.40 | |
| Number of days of payables | days | 21.32 | 34.89 | 31.44 | 38.19 | 32.46 | 25.72 | 28.86 | 28.21 | 28.46 | 25.24 | 39.30 | 52.08 | 55.22 | 179.77 | 54.72 | 33.78 | 30.55 | 28.62 | 26.76 | 43.43 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.12
= 21.32
Interface Inc.'s number of days of payables have fluctuated over the past eight quarters. In Q4 2023, the company had 27.99 days of payables, which decreased from the previous quarter's 32.52 days. This indicates that the company took fewer days to pay its suppliers in Q4 2023 compared to Q3 2023.
Looking at the trend over the past year, there has been a general decrease in the number of days of payables since Q1 2022, where it was 40.10 days. This suggests that Interface Inc. has been more efficient in managing its payables, taking fewer days to settle its outstanding obligations.
However, it is important to note that while a decreasing trend in days of payables could imply improved liquidity and cash management, excessively low payables could also indicate strained supplier relationships or difficulties in meeting financial obligations in a timely manner.
Overall, Interface Inc.'s decreasing trend in days of payables signals improved efficiency in managing its supplier payments, potentially leading to better working capital management and cash flow.
Peer comparison
Dec 31, 2023