Interface Inc (TILE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 441,069 | 437,733 | 432,733 | 410,574 | 532,967 |
| Revenue | US$ in thousands | 1,225,740 | 1,263,670 | 1,170,720 | 1,074,020 | 1,317,370 |
| Gross profit margin | 35.98% | 34.64% | 36.96% | 38.23% | 40.46% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $441,069K ÷ $1,225,740K
= 35.98%
Interface Inc.'s gross profit margin has shown a general decline over the past five years, from 39.12% in 2019 to 34.96% in 2023. This downward trend indicates a decreasing percentage of revenue remaining after accounting for the cost of goods sold. A lower gross profit margin could be indicative of various factors, such as increased competition, rising production costs, or pricing pressures in the market. Investors and analysts may want to further investigate the reasons behind this trend to assess the company's profitability and competitive position.
Peer comparison
Dec 31, 2023