Interface Inc (TILE)
Total asset 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 |
| Total assets | US$ in thousands | 1,170,820 | 1,230,100 | 1,266,500 | 1,330,060 | 1,306,010 |
| Total asset turnover | 1.12 | 1.03 | 1.02 | 0.90 | 0.84 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,315,660K ÷ $1,170,820K
= 1.12
Interface Inc's total asset turnover has been steadily increasing over the past five years, indicating a positive trend in the company's efficiency in generating sales relative to its total assets.
In December 31, 2020, the total asset turnover ratio was 0.84, which means that for each dollar of total assets, the company generated $0.84 in sales.
By December 31, 2024, the total asset turnover had increased to 1.12, suggesting that the company was able to generate $1.12 in sales for every dollar of total assets.
This improvement in the total asset turnover ratio indicates that Interface Inc has been more effective in utilizing its assets to generate revenue, potentially leading to increased profitability and overall financial performance.
Peer comparison
Dec 31, 2024