Rogers Corporation (ROG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.89 | 3.92 | 3.56 | 4.38 | 4.99 | |
| DOH | days | 93.92 | 93.18 | 102.40 | 83.40 | 73.15 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.89
= 93.92
Based on the data provided, Rogers Corporation's Days of Inventory on Hand (DOH) has shown an increasing trend over the years from 73.15 days at the end of December 31, 2020, to 93.92 days by the end of December 31, 2024.
The increase in the DOH ratio indicates that Rogers Corporation is taking longer to sell its inventory, which may suggest inefficiencies in inventory management. This could lead to higher carrying costs, risks of obsolescence, and potential cash flow constraints.
It is important for Rogers Corporation to closely monitor and manage its inventory levels to optimize working capital and improve overall operational efficiency. Regularly reviewing and adjusting inventory policies, production planning, and demand forecasting can help in controlling inventory levels and reducing the DOH ratio over time.
Peer comparison
Dec 31, 2024