Rogers Corporation (ROG)

Number of days of payables

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
Payables turnover 16.97 20.00 18.79 18.88 16.87 15.84 11.45 11.31 12.53 14.47 14.89 14.76 21.21 20.62 20.41 19.21 22.19 17.96 15.47 13.45
Number of days of payables days 21.51 18.25 19.42 19.33 21.64 23.05 31.87 32.26 29.13 25.22 24.51 24.72 17.21 17.70 17.88 19.01 16.45 20.32 23.60 27.14

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.97
= 21.51

To analyze Rogers Corp.'s number of days of payables, we observe a consistent trend over the past eight quarters. The number of days of payables has ranged from a low of 27.73 days in Q3 2023 to a high of 45.06 days in Q1 2022.

In recent quarters, there has been a slight decrease in the number of days of payables, indicating that the company is taking less time to pay its suppliers. This could be a positive sign as it may imply improved cash flow management or stronger bargaining power with suppliers.

Overall, the trend suggests that Rogers Corp. has been managing its payables efficiently by striking a balance between preserving cash and maintaining good relationships with suppliers. However, it is important for the company to continue monitoring and managing its payables effectively to ensure sustainable financial health.