Interface Inc (TILE)
Working capital 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 current assets | US$ in thousands | 564,297 | 608,161 | 591,818 | 566,061 | 583,858 | 585,840 | 581,498 | 611,773 | 617,037 | 603,092 | 626,690 | 583,779 | 572,340 | 535,711 | 546,659 | 517,427 | 495,394 | 515,046 | 533,386 | 533,386 |
| Total current liabilities | US$ in thousands | 216,717 | 236,386 | 214,703 | 207,726 | 214,721 | 210,189 | 194,317 | 221,484 | 220,470 | 237,900 | 249,359 | 245,867 | 261,812 | 234,836 | 229,598 | 217,084 | 193,300 | 244,807 | 232,584 | 232,584 |
| Working capital turnover | 3.79 | 3.51 | 3.37 | 3.50 | 3.42 | 3.39 | 3.33 | 3.35 | 3.27 | 3.57 | 3.41 | 3.66 | 3.87 | 3.78 | 3.48 | 3.56 | 3.56 | 4.02 | 3.64 | 3.91 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,315,658K ÷ ($564,297K – $216,717K)
= 3.79
Interface Inc's working capital turnover has exhibited some fluctuations over the past few years. The ratio has ranged from a low of 3.27 to a high of 4.02. The average working capital turnover for the period can be calculated as the sum of all the ratios divided by the total number of ratios provided. This ratio provides insight into how efficiently the company is utilizing its working capital to generate sales.
A higher working capital turnover ratio indicates that the company is effectively managing its working capital to support its sales activities. Conversely, a lower ratio may suggest that the company is not efficiently utilizing its working capital or that sales are not being generated as effectively.
Overall, Interface Inc's working capital turnover ratio has shown some stability, staying mostly within the range of 3.27 to 4.02. Further analysis would be necessary to determine the factors contributing to these fluctuations and whether any actions need to be taken to improve the efficiency of working capital management.
Peer comparison
Dec 31, 2024