Rogers Corporation (ROG)

Short-term

Turnover ratios

Based on the provided data, let's analyze the activity ratios for Rogers Corporation:

1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently a company manages its inventory. A higher ratio indicates better inventory management.
- The trend for Rogers Corporation's inventory turnover from 2020 to 2024 shows a slight decline from 4.99 to 3.89. This indicates that the company took longer, on average, to sell its inventory in the later years.
- A decreasing inventory turnover ratio could suggest overstocking, slowing sales, or pricing issues.

2. Receivables Turnover:
- The receivables turnover ratio measures how efficiently a company collects payments from its customers. A higher ratio indicates faster collection of accounts receivable.
- The data provided shows "—" for all years, indicating that information on receivables turnover is not available. Without this data, we cannot assess the efficiency of the company's accounts receivable collection.

3. Payables Turnover:
- The payables turnover ratio measures how quickly a company pays its suppliers. A higher ratio suggests that the company is paying its suppliers more quickly.
- Similar to receivables turnover, the data shows "—", suggesting that information on payables turnover is not available. Therefore, we cannot evaluate how efficiently Rogers Corporation pays its suppliers based on this data.

4. Working Capital Turnover:
- The working capital turnover ratio indicates how effectively a company utilizes its working capital to generate sales revenue. A higher ratio suggests better utilization of working capital.
- Rogers Corporation's working capital turnover remained relatively stable around 2.2 from 2020 to 2024. This consistency implies that the company efficiently leveraged its working capital to support its operations and generate sales.

In summary, while the inventory turnover declined over the years, the stable working capital turnover ratio indicates effective use of working capital. However, without data on receivables and payables turnover, a comprehensive assessment of Rogers Corporation's activity ratios is limited.

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Average number of days

The Days of Inventory on Hand (DOH) for Rogers Corporation increased from 73.15 days as of December 31, 2020, to 93.92 days as of December 31, 2024. This indicates that the company is holding inventory for a longer period, which may suggest inefficiencies in managing its inventory levels.

The Days of Sales Outstanding (DSO) and the Number of Days of Payables data are not available for analysis, as the values for these ratios are not provided for any of the years.

Overall, the trend in the Days of Inventory on Hand ratio suggests that Rogers Corporation may be facing challenges in optimizing its inventory management processes and may need to focus on improving inventory turnover to enhance operational efficiency and working capital management.

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Long-term

The Fixed Asset Turnover ratio for Rogers Corporation has been gradually declining over the years, from 2.95 in 2020 to 2.71 in 2022. The decrease in this ratio indicates that the company is generating slightly less revenue for each dollar invested in fixed assets. However, it is important to note that the data for 2023 and 2024 is not available, which may impact the trend analysis.

Similarly, the Total Asset Turnover ratio for Rogers Corporation has also shown a decreasing trend, declining from 0.63 in 2020 to 0.56 in 2024. This decrease suggests that the company's total assets are becoming less efficient in generating sales. Overall, the declining trend in both the Fixed Asset Turnover and Total Asset Turnover ratios may indicate potential inefficiencies in asset utilization that could impact the company's long-term performance.