Interface Inc (TILE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 104,522 | 75,398 | 104,797 | -39,287 | 130,903 |
| Revenue | US$ in thousands | 1,225,740 | 1,263,670 | 1,170,720 | 1,074,020 | 1,317,370 |
| Operating profit margin | 8.53% | 5.97% | 8.95% | -3.66% | 9.94% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $104,522K ÷ $1,225,740K
= 8.53%
Interface Inc.'s operating profit margin has shown some fluctuations over the past five years. In 2023, the operating profit margin decreased to 8.09% from 8.75% in 2022. This decline could indicate challenges in managing operating expenses or generating sufficient revenue to cover costs.
Comparing to two years prior, in 2021, the operating profit margin was lower at 7.01%, suggesting potential operational inefficiencies or cost pressures that year. However, the company experienced a slight improvement in 2023 compared to the lower margin in 2021.
The highest operating profit margin over the period was recorded in 2019 at 10.71%, indicating a relatively strong performance that year. The trend over the five years suggests some variability in Interface Inc.'s ability to generate profits from its core operations, highlighting the importance of monitoring cost management and revenue generation strategies.
Peer comparison
Dec 31, 2023