Interface Inc (TILE)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,315,658 | 1,305,766 | 1,272,502 | 1,255,449 | 1,261,498 | 1,271,935 | 1,288,686 | 1,305,709 | 1,297,919 | 1,302,010 | 1,286,960 | 1,235,140 | 1,200,398 | 1,137,698 | 1,103,633 | 1,068,352 | 1,074,596 | 1,085,819 | 1,095,346 | 1,175,324 |
| Total assets | US$ in thousands | 1,170,820 | 1,243,260 | 1,216,120 | 1,193,490 | 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 | 1,300,970 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,315,658K ÷ $1,170,820K
= 1.12
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It indicates how efficiently a company is using its assets to produce sales. In the case of Interface Inc, the trend of total asset turnover has been showing improvement over the analyzed periods. From a value of 0.90 on June 30, 2020, the ratio declined slightly in the following quarters but then started to increase consistently. By the end of December 31, 2024, the total asset turnover ratio reached 1.12, reflecting that the company generated $1.12 in sales for every dollar of assets it owned. This upward trend suggests that Interface Inc is becoming more efficient in utilizing its assets to generate revenue, which is generally a positive sign of operational efficiency and financial health. Further monitoring of this ratio is recommended to assess the company's performance in managing its assets effectively.
Peer comparison
Dec 31, 2024