TILE Latest Report

Interface's Financial Performance

Based on the provided data, Interface (stock code: TILE) had a total operating revenue of $335,010,000 on December 29, 2024. Combining the search results, Interface's total operating revenue in 2024 was RMB557,125,152.29 (~$81,240,000), up 15.66% from RMB481,701,017.37 (~$70,000,000) in the same period last year. This indicates a strong market performance for the company in 2024.

Key Financial Data

1. Interface's total operating revenue reached RMB557,125,152.29 in 2024, up 15.66% from 2023.

2. The sales cost was $212,705,000, with a gross profit of $122,305,000, demonstrating the company's effectiveness in cost control.

3. The global shipments in the first quarter of 2024 grew by 11% year-on-year, indicating a recovery in industry demand, which may have a positive impact on Interface's operating revenue.

4. Competitors such as Proya and Koboda also showed a high growth rate in operating revenue in 2024, at 32.7% and 40%, respectively.

Peer Comparison

1. Industry-wide analysis: The overall industry demand grew in 2024, with a 11% year-on-year increase in global shipments, which had a positive impact on Interface and its peers. If the industry generally achieves revenue growth, it indicates an increase in market demand, and Interface has a good development opportunity in this environment.

2. Peer evaluation analysis: Interface's revenue growth of 15.66% is lower than some competitors (such as Koboda's 40%), but still shows its competitiveness in the market. Further analysis of its market strategy and operational efficiency is needed to improve its relative performance.

Conclusion

Through the analysis of Interface's 2024 financial data and market environment, the company's operating revenue performance is good, and it shows a positive growth trend in the context of industry recovery. Despite fierce competition, Interface still maintains a relatively stable growth rate, demonstrating the effectiveness of its product and market strategies.

Opportunities

1. With the growth of global shipments, Interface can take advantage of this market recovery trend to further enhance its market share.

2. If Interface can launch new products to meet market demand, it will help attract more customers and boost operating revenue.

3. Through optimizing cost control and sales strategies, Interface has the potential to further improve gross profit and overall profitability.

Risks

1. The rapid growth of other competitors in the industry may put pressure on Interface's market share.

2. If market demand fails to continue growing, it may affect Interface's future operating revenue and profits.

3. The company's lack of innovation and market adaptability may lead to missed market opportunities.