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.