Interface Inc (TILE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,170,820 | 501,563 | 451,165 | 428,548 | 425,947 | 387,564 | 384,908 | 367,029 | 361,537 | 321,423 | 347,377 | 366,880 | 363,398 | 336,777 | 335,586 | 314,815 | 326,538 | 287,020 | 258,196 | 258,196 |
| ROE | 7.43% | 16.89% | 14.67% | 13.86% | 10.45% | 0.09% | 1.18% | 1.51% | 5.41% | 20.53% | 18.11% | 16.79% | 15.20% | 15.74% | 14.30% | 11.81% | 10.70% | -30.25% | -75.49% | -70.95% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $86,946K ÷ $1,170,820K
= 7.43%
Interface Inc's return on equity (ROE) has shown significant fluctuations over the quarters. The ROE was negative in the initial periods, indicating that the company was not generating satisfactory returns to its shareholders. However, starting from December 31, 2020, the ROE turned positive and continued to increase steadily until peaking at 20.53% on September 30, 2022. This signifies an improvement in the company's profitability and efficiency in utilizing shareholder equity to generate earnings.
Subsequently, the ROE experienced a decline, dropping to 1.18% by June 30, 2023, before slightly recovering. Despite the fluctuations, Interface Inc managed to maintain ROE above zero, indicating some level of return to shareholders. The ROE was highest at 20.53% on September 30, 2022, and lowest at 0.09% on September 30, 2023. Overall, Interface Inc's ROE trended positively from negative figures to double-digit positive percentages, with some volatility in between.
Peer comparison
Dec 31, 2024