Interface (Interface) Accounts Receivable

: $163 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Interface's accounts receivables for the quarter that ended in Dec. 2023 was $163 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Interface's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Interface's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-7.43.

Interface Accounts Receivable Historical Data

The historical data trend for Interface's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Interface Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

177.48

139.87

171.68

182.81

163.39

Interface Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																182.81	147.76	166.30	143.88	163.39

Interface Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Interface Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Interface's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	163.386	/	325.118	*	91
=	45.86

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Interface's accounts receivable are only considered to be worth 75% of book value:

Interface's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(110.498	+	0.75 * 163.386	+	0.5 * 279.079	-	804.148
-	0	-	0)	/	58.112
=	-7.43

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Interface Accounts Receivable Related Terms

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Interface (Interface) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Interface Inc (NAS:TILE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

IF6N:Germany IF6N:Germany

Address

1280 West Peachtree Street, Atlanta, GA, USA, 30309

Website

https://www.interface.com

Interface Inc is engaged in the designing, production, and sale of carpet tile. It also provides Luxury Vinyl tiles and rubber flooring. The company mainly targets corporate and noncorporate office markets, including government, education, healthcare, hospitality, and retailers. Its geographical segments include the Americas, Europe, and Asia-Pacific.

Executives

Stansfield Nigel	officer: VP & Chief Innovation Officer	2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339
Robert T O'brien	director	1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Laurel Hurd	officer: President & CEO	C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
James Poppens	officer: Vice President	1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Robert Pridgen	officer: Chief Accounting Officer	1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Christopher G Kennedy	director	C/O INTERFACE INC, 2859 PACES FERRY ROAD SUITE 2000, ATLANTA GA 30339
Gibson Dwight Audley Konrad	director	C/O SPX FLOW, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Joseph Keough	director	3715 NORTHSIDE PKWY NW, SUITE 4-600, ATLANTA GA 30327
Andreas Mueller	officer: VP & Chief Customer Officer	1280 WEST PEACHTREE ST. NW, ATLANTA GA 30309
Catherine M Kilbane	director
Daniel T Hendrix	director, officer: President and CEO	2859 PACES ROAD, ATLANTA GA 30339
Gregory J Bauer	officer: VP & Chief Accounting Officer	2859 PACES FERRY RD., STE 2000, ATLANTA GA 30339
Robert Coombs	officer: Vice President	2850 PACES FERRY RD, STE 2000, ATLANTA GA 30339
Jeffrey Chadwick Scales	officer: VP & Chief Innovation Officer	2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339
Bruce Andrew Hausmann	officer: VP & CFO	2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339