Rogers Corporation (ROG)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		3.89	3.62	3.80	3.86	3.92	3.93	3.76	3.68	3.56	3.74	3.67	3.99	4.38	4.75	4.89	4.85	4.99	4.65	4.22	4.41
DOH	days	93.92	100.69	96.18	94.57	93.17	92.95	97.20	99.22	102.40	97.52	99.58	91.51	83.40	76.86	74.70	75.28	73.15	78.48	86.41	82.71

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.89
= 93.92

The days of inventory on hand (DOH) for Rogers Corporation has shown fluctuations over the past several quarters.

From March 31, 2020, to December 31, 2020, the DOH decreased steadily from 82.71 days to 73.15 days, indicating an improvement in inventory management efficiency. However, from March 31, 2021, the DOH started to increase again, reaching its peak at 102.40 days on December 31, 2022.

The trend reversed slightly in the following quarters, with a decrease in DOH to 93.17 days by December 31, 2023. However, the DOH continued to fluctuate around this level in the subsequent quarters, ranging between 92.95 days and 100.69 days.

Overall, the upward trend in DOH since 2021 suggests that Rogers Corporation may be facing challenges in managing its inventory efficiently. This could have implications for working capital management and cash flow, as higher inventory levels tie up capital and may lead to increased carrying costs and potential obsolescence risks. Further analysis of inventory turnover ratios and comparison with industry benchmarks could provide additional insights into the effectiveness of Rogers Corporation's inventory management strategies.