Interface Inc (TILE)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 44,517 | 19,560 | 55,234 | -71,929 | 79,200 |
| Total assets | US$ in thousands | 1,230,100 | 1,266,500 | 1,330,060 | 1,306,010 | 1,423,050 |
| ROA | 3.62% | 1.54% | 4.15% | -5.51% | 5.57% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $44,517K ÷ $1,230,100K
= 3.62%
Interface Inc.'s return on assets (ROA) has fluctuated significantly over the past five years, ranging from a negative figure of -5.51% on Jan 3, 2021, to a high of 5.57% on Dec 29, 2019. The ROA on Dec 31, 2023, stands at 3.62%, which indicates an improvement compared to the previous year. This suggests that the company is utilizing its assets more efficiently to generate profits. However, it is important to note that the ROA on Jan 3, 2021, was negative, indicating that the company was not generating profits from its assets during that period. Overall, Interface Inc. should continue to focus on optimizing its asset utilization to sustain and improve its ROA in the future.
Peer comparison
Dec 31, 2023