Rogers Corporation (ROG)

Days of sales outstanding (DSO)

		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
Receivables turnover		6.29	4.91	4.98	5.46	5.41	5.98	5.48	5.49	5.72	5.57	5.54	5.74	5.92	5.62	6.22	5.91	7.31	6.67	5.93	5.63
DSO	days	57.99	74.28	73.26	66.91	67.49	61.03	66.60	66.47	63.76	65.58	65.89	63.56	61.64	64.94	58.66	61.77	49.91	54.75	61.56	64.86

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.29
= 57.99

To analyze the days of sales outstanding (DSO) trend for Rogers Corp., we observe fluctuations in this metric over the past eight quarters. DSO represents the average number of days a company takes to collect revenue after making a sale.

In Q4 2023, the DSO stands at 66.78 days, showing an improvement from the previous quarter's 74.62 days. This could indicate that Rogers Corp. has been more efficient in collecting its accounts receivable in the most recent quarter.

Comparing year-over-year performance, the DSO in Q4 2023 is slightly lower than in Q4 2022 (68.14 days), suggesting better management of accounts receivable in the current year.

However, despite the recent improvement, the DSO has shown some significant fluctuations over the past eight quarters, ranging from a low of 62.07 days in Q3 2022 to a high of 74.62 days in Q3 2023. This inconsistency may indicate variability in the company's collection processes or changes in customer payment behaviors.

Overall, the trend in DSO for Rogers Corp. appears to have some variability but has shown a recent improvement. It is essential for the company to continue monitoring and managing its accounts receivable effectively to ensure timely collections and maintain a healthy cash flow position.