Rogers Corporation (ROG)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	553,000	559,700	572,288	582,392	601,338	616,803	637,182	651,430	650,156	649,790	627,232	606,853	583,747	561,417	541,234	517,349	510,763	510,359	526,908	562,744
Inventory	US$ in thousands	142,300	154,400	150,800	150,900	153,500	157,073	169,675	177,089	182,402	173,610	171,129	152,150	133,384	118,216	110,761	106,706	102,360	109,733	124,747	127,517
Inventory turnover		3.89	3.62	3.80	3.86	3.92	3.93	3.76	3.68	3.56	3.74	3.67	3.99	4.38	4.75	4.89	4.85	4.99	4.65	4.22	4.41

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $553,000K ÷ $142,300K
= 3.89

To analyze Rogers Corporation's inventory turnover, we have calculated the ratio by dividing the cost of goods sold by the average inventory for each period. The inventory turnover ratio provides insights into how efficiently the company manages its inventory.

Based on the data provided:
- Inventory turnover decreased from 4.41 in March 2020 to 3.67 in June 2022, indicating a decline in the rate at which the company is selling its inventory.
- The ratio saw fluctuations over the years but generally remained within the range of 3.56 to 4.99.
- A downward trend is observed from March 2022 to December 2024, indicating potential inventory management challenges or a slow-moving inventory.

Overall, Rogers Corporation's inventory turnover has shown variability over the years, with a recent decline suggesting the company may need to assess and improve its inventory management strategies to enhance efficiency.