Interface Inc (TILE)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 64,894 | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7.13 | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $832,710K ÷ $—K
= —
Interface Inc's payables turnover ratio provides insight into how efficiently the company is managing its accounts payable. The ratio is calculated by dividing the total purchases made on credit by the average accounts payable during a specific period.
Based on the data provided, the payables turnover for Interface Inc was 7.13 as of July 5, 2020. This indicates that, on average, the company was able to turn over its accounts payable approximately 7.13 times during that period.
However, the lack of data for subsequent periods makes it difficult to track the trend in payables turnover over time. It is important for the company to regularly monitor this ratio to ensure that it is maintaining an optimum balance between timely payments to suppliers and maximizing cash flow. Further data points in the future would be needed to provide a more comprehensive analysis of Interface Inc's payables turnover performance.
Peer comparison
Dec 31, 2024