Interface Inc (TILE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 44,517 | 346 | 4,532 | 5,553 | 19,560 | 66,002 | 62,896 | 61,589 | 55,234 | 53,024 | 47,978 | 37,176 | -71,929 | -75,113 | -54,816 | -30,026 | 79,200 | 69,163 | 51,125 | 42,228 |
| 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 |
| ROA | 3.62% | 0.03% | 0.37% | 0.44% | 1.54% | 5.32% | 4.79% | 4.70% | 4.15% | 4.11% | 3.63% | 2.87% | -5.51% | -5.75% | -4.21% | -2.33% | 5.57% | 4.86% | 3.52% | 3.01% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $44,517K ÷ $1,230,100K
= 3.62%
Interface Inc.'s return on assets (ROA) has been fluctuating over the past eight quarters. In Q4 2023, the ROA stood at 3.62%, reflecting an increase compared to the previous quarters. This suggests the company generated $0.036 in net income for every dollar of assets it possesses during this period.
In Q3 2023, the ROA sharply dropped to 0.06%, indicating a significant decline in the company's ability to generate profits from its assets. This may raise concerns about the company's operational efficiency and asset utilization during that quarter.
Similarly, in Q2 and Q1 2023, the ROA levels were 0.39% and 0.46% respectively, indicating a slight improvement compared to Q3 but still remaining relatively low. It's important for Interface Inc. to assess its asset management and cost control strategies during these periods to enhance profitability.
Looking back at Q4 2022, the ROA was 1.54%, which was higher than the subsequent quarters but lower than the latest figure. Q4 2022 was a period when the company generated more profit relative to its assets compared to the previous year.
In Q3 and Q2 2022, the company achieved relatively high ROA levels of 5.26% and 4.75% respectively, indicating strong asset efficiency and profitability during those quarters. Q1 2022 also showed a robust ROA of 4.69%.
Overall, Interface Inc.'s ROA has shown variability over the past eight quarters, with some periods demonstrating strong asset utilization and profit generation, while others reflect challenges in achieving optimal returns from its assets. The company should continue to monitor and evaluate its performance to sustain and improve its ROA in the future.
Peer comparison
Dec 31, 2023