Interface Inc (TILE)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 114.22 | 124.16 | 129.98 | 126.04 | 120.52 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 114.22 | 124.16 | 129.98 | 126.04 | 120.52 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 114.22 + — – —
= 114.22
Interface Inc's cash conversion cycle has shown some variability over the past five years. Starting at 120.52 days in December 2020, the cycle increased to 129.98 days by December 2022 before decreasing to 114.22 days by December 2024. This implies that the company took longer to convert its investments in inventory into cash in 2022 compared to 2020, possibly indicating challenges in managing inventory levels and collecting receivables efficiently. However, the subsequent decrease in the cash conversion cycle by 2024 suggests improved efficiency in managing working capital and converting sales into cash. Overall, Interface Inc's cash conversion cycle trend indicates some fluctuations but also potential improvements in operational efficiency and cash flow management over the years.
Peer comparison
Dec 31, 2024