Interface Inc (TILE)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,315,660 | 1,261,500 | 1,297,920 | 1,200,400 | 1,103,260 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,315,660K ÷ $—K
= —
Based on the data provided, Interface Inc's receivables turnover for the years 2020, 2021, 2022, 2023, and 2024 is not available (denoted by "—"). This lack of information prevents us from calculating or analyzing the efficiency of Interface Inc's accounts receivable management during these years.
Receivables turnover is a financial ratio that measures how efficiently a company is collecting on its credit sales. A higher receivables turnover ratio generally indicates a more efficient accounts receivable management system, while a lower ratio may suggest potential issues with collecting payments from customers in a timely manner.
Without the specific receivables turnover figures for Interface Inc, it is challenging to assess the effectiveness of the company's credit and collection policies over the specified years. It would be beneficial for stakeholders and investors to have access to this data to gain insights into the company's financial health and operational efficiency related to accounts receivable management.
Peer comparison
Dec 31, 2024