Interface Inc (TILE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 238,655 | 368,202 | 357,378 | 352,113 | 349,659 |
| ROE | 10.45% | 0.09% | 1.18% | 1.51% | 5.41% | 20.53% | 18.11% | 16.79% | 15.20% | 15.74% | 14.30% | 11.81% | -22.03% | -26.17% | -21.23% | -12.58% | 21.51% | 19.35% | 14.52% | 12.08% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $44,517K ÷ $425,947K
= 10.45%
Interface Inc.'s return on equity (ROE) has shown some fluctuations in recent quarters. In Q4 2023, the ROE was 10.45%, significantly higher than the previous quarter's 0.19% in Q3 2023. However, this improvement may not be sustainable, as evidenced by the downward trend in ROE from Q4 2022 at 5.41% to Q1 2023 at 1.56%. The highest ROE was recorded in Q3 2022 at 20.31%, indicating a strong performance at that time. Overall, Interface Inc.'s ROE performance has been mixed, with some periods of robust returns and others with lower profitability. It is crucial for stakeholders to monitor these fluctuations and assess the company's management effectiveness in generating profits relative to shareholders' equity.
Peer comparison
Dec 31, 2023