Interface Inc (TILE)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,237,937 | 1,242,993 | 1,260,160 | 1,278,311 | 1,263,671 | 1,272,814 | 1,257,784 | 1,205,865 | 1,170,717 | 1,102,204 | 1,075,866 | 1,047,874 | 1,090,039 | 1,165,797 | 1,228,930 | 1,320,123 | 1,322,849 | 1,320,426 | 1,292,124 | 1,225,053 |
| Receivables | US$ in thousands | 163,386 | 143,884 | 166,304 | — | 182,807 | — | — | — | 171,676 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 7.58 | 8.64 | 7.58 | — | 6.91 | — | — | — | 6.82 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,237,937K ÷ $163,386K
= 7.58
Interface Inc.'s receivables turnover has exhibited fluctuating trends over the past eight quarters. In Q4 2023, the receivables turnover ratio was 7.72, slightly lower than the previous quarter. This implies that on average, Interface Inc. collected its accounts receivable 7.72 times during the quarter. The dip from the prior quarter may indicate a lengthening in the collection period for receivables.
Comparing Q4 2023 to the same period in 2022, there has been an improvement in the turnover ratio from 7.10 to 7.72, suggesting more efficient management of receivables. However, this improvement does not hold consistent across all quarters, as evidenced by the fluctuations throughout the year.
Analyzing the trend over the eight quarters, Interface Inc. seems to generally maintain a receivables turnover ratio within the range of 7.10 to 8.84. Fluctuations in the ratio can indicate shifts in the company's credit policies, customer payment behavior, or changes in the overall business environment.
Further analysis of factors affecting the receivables turnover, such as changes in sales volume, credit terms, or collection efficiency, may provide insights into the effectiveness of Interface Inc.'s management of accounts receivable.
Peer comparison
Dec 31, 2023