Interface Inc (TILE)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 86,946 | 84,735 | 66,171 | 59,410 | 44,517 | 346 | 4,532 | 5,553 | 19,560 | 66,002 | 62,896 | 61,589 | 55,234 | 53,024 | 47,978 | 37,176 | 34,947 | -86,836 | -194,916 | -183,193 |
| Total assets | US$ in thousands | 1,170,820 | 1,243,260 | 1,216,120 | 1,193,490 | 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 | 1,300,970 |
| ROA | 7.43% | 6.82% | 5.44% | 4.98% | 3.62% | 0.03% | 0.37% | 0.44% | 1.54% | 5.32% | 4.79% | 4.70% | 4.15% | 4.11% | 3.63% | 2.87% | 2.68% | -6.65% | -14.98% | -14.08% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $86,946K ÷ $1,170,820K
= 7.43%
Interface Inc's return on assets (ROA) has shown significant fluctuations over the past few years. The ROA was negative in mid-2020, indicating that the company was not effectively utilizing its assets to generate profits. However, there was a noticeable improvement starting from the end of 2020, with the ROA turning positive and steadily increasing each quarter thereafter.
By the end of 2024, Interface Inc's ROA reached 7.43%, which suggests that the company's management was able to efficiently utilize its assets to generate profits for shareholders. This positive trend signals improved asset management and operational efficiency within the organization.
Overall, Interface Inc's ROA trend indicates a positive performance trajectory, showing a significant turnaround from the negative ROA figures in the past. It suggests that the company has been able to enhance its profitability and generate higher returns relative to its assets, which bodes well for its financial health and sustainability.
Peer comparison
Dec 31, 2024