Interface Inc (TILE)
Total asset 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 |
| Total assets | US$ in thousands | 1,230,100 | 1,201,640 | 1,219,950 | 1,253,200 | 1,266,500 | 1,240,630 | 1,313,450 | 1,309,780 | 1,330,060 | 1,289,240 | 1,322,210 | 1,295,330 | 1,306,010 | 1,305,780 | 1,300,970 | 1,287,080 | 1,423,050 | 1,424,540 | 1,454,290 | 1,405,070 |
| Total asset turnover | 1.01 | 1.03 | 1.03 | 1.02 | 1.00 | 1.03 | 0.96 | 0.92 | 0.88 | 0.85 | 0.81 | 0.81 | 0.83 | 0.89 | 0.94 | 1.03 | 0.93 | 0.93 | 0.89 | 0.87 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,237,937K ÷ $1,230,100K
= 1.01
Interface Inc.'s total asset turnover has shown stability and improvement over the past year. The ratio has been consistently above 1, indicating that the company generates more than $1 in revenue for each $1 of assets it holds. This suggests that Interface Inc. is effectively utilizing its assets to generate sales. The slight fluctuations in the ratio from quarter to quarter are normal and may be influenced by seasonal factors or changes in business operations. The uptrend in total asset turnover since Q1 2022 reflects the company's ability to efficiently deploy its assets to drive revenue growth. Overall, a total asset turnover ratio above 1 signifies efficient asset management and a healthy performance for Interface Inc.
Peer comparison
Dec 31, 2023