Interface Inc (TILE)
Operating return on assets (Operating ROA)
| 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 | Apr 5, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 104,522 | 54,781 | 51,838 | 57,455 | 75,398 | 123,917 | 120,652 | 115,351 | 104,797 | 91,817 | 82,922 | 71,091 | -39,287 | -32,289 | -4,495 | 21,004 | 130,903 | 106,858 | 78,967 | 69,778 |
| Total assets | US$ in thousands | 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 | 1,287,080 | 1,423,050 | 1,424,540 | 1,454,290 | 1,405,070 |
| Operating ROA | 8.50% | 4.56% | 4.25% | 4.58% | 5.95% | 9.99% | 9.19% | 8.81% | 7.88% | 7.12% | 6.27% | 5.49% | -3.01% | -2.47% | -0.35% | 1.63% | 9.20% | 7.50% | 5.43% | 4.97% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $104,522K ÷ $1,230,100K
= 8.50%
Interface Inc.'s operating return on assets (operating ROA) has shown a declining trend over the past eight quarters. The Q4 2023 operating ROA of 8.29% is lower compared to the previous quarter's 7.39% and is part of a consistent decrease since Q4 2022. This decline indicates that the company's operating efficiency in generating profits from its assets has weakened. The highest operating ROA in the data set was observed in Q3 2022 at 10.12%, suggesting that the company was more effective in utilizing its assets to generate operating income during that period. It is essential for Interface Inc. to closely monitor and address this downward trend to improve its operational performance and profitability in the future.
Peer comparison
Dec 31, 2023