Interface Inc (TILE)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 832,710 | 820,429 | 860,186 | 767,665 | 692,688 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $832,710K ÷ $—K
= —
Based on the provided data, the payables turnover ratio for Interface Inc seems to be missing or not available for the years ending on December 31, 2020, 2021, 2022, 2023, and 2024.
The payables turnover ratio is a financial metric used to evaluate how efficiently a company is managing its supplier credit in terms of paying off its accounts payable. It calculates how many times during a specific period a company has paid its average accounts payable balance.
Without the specific values for the payables turnover ratio for Interface Inc in the given years, it is challenging to assess the company's performance in managing its accounts payable effectively. It would be beneficial to obtain this information or analyze additional financial metrics to further evaluate the company's liquidity management and operational efficiency.
Peer comparison
Dec 31, 2024