Rogers Corporation (ROG)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		5.68	5.38	6.18	7.60	6.06
DOH	days	64.25	67.79	59.03	48.03	60.24

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.68
= 64.25

The days of inventory on hand (DOH) for Rogers Corp. have demonstrated fluctuations over the five-year period from 2019 to 2023.

In 2019, the DOH was 83.04 days, which increased to 73.15 days in 2020, indicating a more efficient inventory management in that year. However, this trend reversed in 2021 as the DOH rose to 83.40 days, suggesting a buildup of inventory levels relative to sales.

The DOH further increased to 102.40 days in 2022, reaching a peak over the period under review. This significant increase may signal challenges in inventory control and potential risks related to excess inventory tying up resources.

However, in 2023, there was a notable improvement in inventory management, as the DOH decreased to 93.18 days. While still higher compared to the levels seen in 2020 and 2023, this reduction may indicate efforts to streamline inventory levels and enhance operational efficiency.

Overall, the fluctuating trend in DOH suggests that Rogers Corp. has experienced varying degrees of effectiveness in managing its inventory levels over the years, with potential implications for working capital management, operational efficiency, and overall performance.