Rogers Corporation (ROG)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	830,100	842,500	861,348	877,969	908,416	927,520	945,603	966,752	971,171	977,919	968,951	951,887	932,886	913,106	876,787	833,038	802,583	785,679	805,577	857,272
Property, plant and equipment	US$ in thousands	—	—	—	—	—	354,183	357,551	374,746	358,415	380,672	360,085	366,688	326,967	294,190	282,543	267,041	272,378	270,143	267,694	265,994
Fixed asset turnover		—	—	—	—	—	2.62	2.64	2.58	2.71	2.57	2.69	2.60	2.85	3.10	3.10	3.12	2.95	2.91	3.01	3.22

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $830,100K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is using its fixed assets more effectively to generate sales.

Looking at the data provided for Rogers Corporation, we can observe fluctuations in the fixed asset turnover ratio over the years. The fixed asset turnover ratio ranged from 2.57 to 3.22 during the period from March 31, 2020, to June 30, 2022. This indicates that the company was relatively efficient in utilizing its fixed assets to generate revenue during this time, with the ratio hovering above 3 for the most part.

However, in the latter part of the data series, from September 30, 2022, to June 30, 2023, the fixed asset turnover ratio declined to a range of 2.57 to 2.69. This suggests that Rogers Corporation may have experienced challenges in optimizing the revenue generation from its fixed assets during this period.

The ratio further decreased to 2.58 on March 31, 2023, indicating a potential ongoing trend of lower efficiency in utilizing fixed assets for revenue generation. Notably, the data for December 31, 2023, and subsequent periods are missing, preventing a complete analysis of the trend.

In conclusion, the analysis of Rogers Corporation's fixed asset turnover reveals fluctuations in the efficiency of generating revenue from fixed assets over the years, indicating the need for further investigation into the company's asset utilization strategies and operational performance.