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TILE (Interface) Inventory Turnover : 0.69 (As of Mar. 2025)


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What is Interface Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Interface's Cost of Goods Sold for the three months ended in Mar. 2025 was $186 Mil. Interface's Average Total Inventories for the quarter that ended in Mar. 2025 was $271 Mil. Interface's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Interface's Days Inventory for the three months ended in Mar. 2025 was 132.71.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Interface's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.91.


Interface Inventory Turnover Historical Data

The historical data trend for Interface's Inventory Turnover 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.

* Premium members only.

Interface Inventory Turnover Chart

Interface Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.87 3.11 3.01 2.80 3.09

Interface Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.78 0.77 0.78 0.69

Interface Inventory Turnover Calculation

Interface's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Inventory Turnover (A: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2024 ) / ((Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count )
=832.71 / ((279.079 + 260.581) / 2 )
=832.71 / 269.83
=3.09

Interface's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

Inventory Turnover (Q: Mar. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2025 ) / ((Total Inventories (Q: Dec. 2024 ) + Total Inventories (Q: Mar. 2025 )) / count )
=186.45 / ((260.581 + 281.741) / 2 )
=186.45 / 271.161
=0.69

* 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.


Interface  (NAS:TILE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Interface's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2025 )/Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=271.161/186.45*365 / 4
=132.71

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Interface's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2025 ) / Revenue (Q: Mar. 2025 )
=271.161 / 297.413
=0.91

* 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.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Interface Inventory Turnover Related Terms

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Interface Business Description

Traded in Other Exchanges
Address
1280 West Peachtree Street, Atlanta, GA, USA, 30309
Interface Inc is engaged in the design, production, and sale of carpet tiles. 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. It has two operating and reportable segments- namely Americas (AMS) and Europe, Africa, Asia and Australia (collectively EAAA). Key revenue is generated from AMS segment.
Executives
Daniel T Hendrix director, officer: President and CEO 2859 PACES ROAD, ATLANTA GA 30339
David B Foshee officer: Vice President/Secretary 2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339
Bruce Andrew Hausmann officer: VP & CFO 2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339
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
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