Rogers Corporation (ROG)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		5.56	5.97	5.67	5.56	5.30	5.22	5.14	5.57	6.07	6.71	7.19	7.24	7.46	6.74	5.83	5.98	5.51	5.03	4.83	4.39
DOH	days	65.64	61.19	64.32	65.64	68.87	69.96	70.97	65.52	60.09	54.39	50.78	50.40	48.95	54.13	62.64	61.03	66.20	72.58	75.51	83.18

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.56
= 65.64

The days of inventory on hand (DOH) for Rogers Corp. have shown fluctuations over the last eight quarters. In Q4 2023, the DOH was 93.18 days, indicating that the company held inventory for approximately 93 days on average before selling it. This is slightly higher than the previous quarter (Q3 2023) at 92.95 days. In Q2 2023, the DOH increased to 97.20 days, followed by a slight decrease to 99.22 days in Q1 2023.

Comparing the latest DOH figures to the same quarter in the previous year (Q4 2022), there has been a noticeable improvement as the DOH has decreased from 102.40 days to 93.18 days. This downward trend suggests that Rogers Corp. has been managing its inventory more efficiently.

However, it is important to note that the DOH figures have been fluctuating over the quarters, which may indicate challenges in inventory management. Overall, Rogers Corp. should continue to monitor and optimize its inventory levels to ensure efficient operations and improved financial performance.