Interface Inc (TILE)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7.13 | — |
| Working capital turnover | 3.79 | 3.51 | 3.37 | 3.50 | 3.42 | 3.39 | 3.33 | 3.35 | 3.27 | 3.57 | 3.41 | 3.66 | 3.87 | 3.78 | 3.48 | 3.56 | 3.56 | 4.02 | 3.64 | 3.91 |
Interface Inc's inventory turnover ratio has shown a fluctuating trend over the past few years, ranging from 1.76 to 3.20. This ratio indicates how efficiently the company manages its inventory by selling and replacing it within a specific period. The increase in the inventory turnover ratio from 2020 to 2024 suggests that Interface Inc has been able to sell its inventory more quickly in recent years.
On the other hand, the receivables turnover ratio and payables turnover ratio are not available for analysis as the data is missing for all reported periods. Receivables turnover ratio measures how efficiently a company collects its accounts receivable, while payables turnover ratio assesses how quickly a company pays its suppliers. Without this data, it is difficult to evaluate Interface Inc's performance in managing its receivables and payables.
Lastly, the working capital turnover ratio has remained relatively stable, ranging from 3.27 to 4.02. This ratio reflects how efficiently the company generates revenue from its working capital. A higher ratio indicates that Interface Inc is effectively utilizing its working capital to generate sales over the given period, which is a positive sign for the company's operational efficiency.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 114.22 | 125.71 | 127.27 | 135.19 | 124.16 | 124.45 | 121.35 | 129.88 | 129.98 | 137.28 | 138.91 | 147.25 | 126.04 | 128.41 | 134.71 | 170.83 | 159.22 | 194.06 | 207.96 | 145.59 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 51.17 | — |
Interface Inc's days of inventory on hand (DOH) decreased steadily from 145.59 days on June 30, 2020, to 114.22 days on December 31, 2024. This indicates that the company has been able to manage its inventory efficiently over the years.
The days of sales outstanding (DSO) data for Interface Inc is not provided, suggesting that this metric may not be relevant or tracked by the company.
The number of days of payables shows a value of 51.17 days on July 5, 2020, with no other data available for subsequent periods. This could indicate that the company takes approximately 51 days to pay its creditors, providing an insight into its payment practices.
Overall, Interface Inc's activity ratios indicate effective inventory management but lack visibility into accounts receivable turnover and payable turnover, as these metrics are not reported.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.12 | 1.05 | 1.05 | 1.05 | 1.03 | 1.06 | 1.06 | 1.04 | 1.02 | 1.05 | 0.98 | 0.94 | 0.90 | 0.88 | 0.83 | 0.82 | 0.82 | 0.83 | 0.84 | 0.90 |
Interface Inc's fixed asset turnover ratio has shown an increasing trend over the past few years, indicating that the company is becoming more efficient in generating sales from its fixed assets. The ratio has increased from 2.68 in June 2020 to 3.42 in December 2022. This suggests that the company is utilizing its fixed assets more effectively to generate revenue.
On the other hand, the total asset turnover ratio has also been on an upward trajectory, reflecting an improvement in the company's overall asset utilization efficiency. The ratio has increased from 0.90 in June 2020 to 1.12 in December 2024, indicating that Interface Inc is generating more revenue relative to its total assets.
Both ratios suggest that Interface Inc has been able to improve its operational efficiency and increase its revenue generation relative to its asset base over the years. This trend indicates a positive development in the company's long-term activity ratios, demonstrating its ability to effectively utilize its assets to drive sales growth.