Rogers Corporation (ROG)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	901,299	912,712	930,181	952,619	959,464	974,498	968,031	952,111	933,645	911,742	872,311	827,187	796,024	779,120	800,771	852,145	894,360	923,534	930,355	904,278
Property, plant and equipment	US$ in thousands	750,500	732,117	725,060	751,992	738,250	741,625	724,770	715,032	694,428	661,043	646,052	624,662	631,205	370,424,000	361,798,000	355,850,000	595,085	252,393	248,309	244,911
Fixed asset turnover		1.20	1.25	1.28	1.27	1.30	1.31	1.34	1.33	1.34	1.38	1.35	1.32	1.26	0.00	0.00	0.00	1.50	3.66	3.75	3.69

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $901,299K ÷ $750,500K
= 1.20

Rogers Corp.'s fixed asset turnover has been relatively stable over the past eight quarters, ranging from 2.48 to 2.73. This indicates that, on average, the company is generating between $2.48 and $2.73 in revenue for every dollar invested in fixed assets.

The consistent levels of fixed asset turnover imply that Rogers Corp. is efficiently utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio signifies better efficiency in asset utilization and indicates that the company is effectively managing and extracting value from its investments in fixed assets.

Overall, the trend of stable fixed asset turnover ratios suggests that Rogers Corp. has been maintaining a healthy balance between its investment in fixed assets and the revenue generated from those assets. This is a positive sign for investors and stakeholders interested in the company's operational efficiency and asset management.