Rogers Corporation (ROG)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 553,000 | 601,300 | 650,156 | 583,747 | 510,763 |
| Inventory | US$ in thousands | 142,300 | 153,500 | 182,402 | 133,384 | 102,360 |
| Inventory turnover | 3.89 | 3.92 | 3.56 | 4.38 | 4.99 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $553,000K ÷ $142,300K
= 3.89
The inventory turnover ratio for Rogers Corporation has been fluctuating over the past five years. It decreased from 4.99 in December 31, 2020, to 4.38 in December 31, 2021, indicating a decline in the speed at which the company is selling its inventory. However, the ratio further dropped to 3.56 in December 31, 2022, suggesting that the company was holding onto its inventory for a longer period.
In December 31, 2023, the inventory turnover ratio saw a slight improvement to 3.92, indicating a more efficient management of inventory compared to the previous year. By December 31, 2024, the ratio remained relatively stable at 3.89, showing that the company continues to effectively turn over its inventory.
Overall, the downward trend in the inventory turnover ratio observed in earlier years may indicate potential issues such as overstocking or slow-moving inventory. However, the recent improvements suggest that Rogers Corporation has been working towards optimizing its inventory management practices.
Peer comparison
Dec 31, 2024