Rogers Corporation (ROG)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 2.24 | 2.11 | 2.23 | 2.28 | 2.21 | 2.11 | 2.04 | 2.00 | 1.88 | 1.96 | 2.02 | 2.29 | 2.22 | 2.19 | 2.20 | 2.21 | 2.21 | 2.13 | 1.63 | 1.64 |
The inventory turnover ratio for Rogers Corporation has been relatively stable over the past few years, averaging around 4. This indicates that the company is efficient in managing its inventory and converting it into sales.
Unfortunately, data on receivables turnover and payables turnover are not provided, making it difficult to assess the effectiveness of the company in collecting receivables and managing its payables.
In terms of working capital turnover, Rogers Corporation has shown a consistent trend of around 2 over the years, indicating that the company effectively utilizes its working capital to generate sales. This suggests that the company is efficiently using its resources to drive revenue growth.
Overall, based on the available data, Rogers Corporation appears to have sound efficiency in managing its inventory and working capital, which is crucial for maintaining a healthy and sustainable business operation.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 93.92 | 100.69 | 96.18 | 94.57 | 93.17 | 92.95 | 97.20 | 99.22 | 102.40 | 97.52 | 99.58 | 91.51 | 83.40 | 76.86 | 74.70 | 75.28 | 73.15 | 78.48 | 86.41 | 82.71 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The Days of Inventory on Hand (DOH) for Rogers Corporation has shown fluctuations over the years, ranging from 73.15 days to 102.40 days. The trend indicates that the company has been carrying inventory for around 74 to 102 days on average. An increase in DOH could suggest either inefficient inventory management or a buildup of excess inventory.
The Days of Sales Outstanding (DSO) and Number of Days of Payables data are not available or provided as "— days" for all the periods. Without this information, it is challenging to assess the efficiency of receivables collection and payables management for Rogers Corporation.
In conclusion, based on the available data, Rogers Corporation's DOH has fluctuated over time, potentially indicating challenges in managing inventory levels efficiently. However, a comprehensive analysis of all activity ratios, including DSO and payables days, would provide a more holistic view of the company's operational efficiency.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 2.62 | 2.64 | 2.58 | 2.71 | 2.57 | 2.69 | 2.60 | 2.85 | 3.10 | 3.10 | 3.12 | 2.95 | 2.91 | 3.01 | 3.22 |
| Total asset turnover | 0.56 | 0.55 | 0.58 | 0.59 | 0.60 | 0.61 | 0.60 | 0.60 | 0.59 | 0.60 | 0.59 | 0.60 | 0.58 | 0.68 | 0.67 | 0.65 | 0.63 | 0.62 | 0.58 | 0.60 |
The fixed asset turnover ratio of Rogers Corporation has been gradually declining from 3.22 in March 2020 to 2.58 in March 2023, indicating a decrease in the efficiency of utilizing fixed assets to generate sales over this period. This downtrend suggests potential issues with asset management or underperformance in utilizing fixed assets effectively to drive revenue.
On the other hand, the total asset turnover ratio has shown relatively less fluctuation, ranging from 0.58 to 0.68 during the observed period. This ratio measures the efficiency of the company in utilizing all assets to generate sales. The stability in total asset turnover may indicate that while the company's fixed asset turnover has decreased, the overall efficiency of asset utilization to generate sales has not been significantly impacted.
The declining trend in fixed asset turnover should be carefully monitored by stakeholders as it may signify operational inefficiencies or challenges in optimizing the company's fixed asset base. Comparing these ratios with industry benchmarks and historical performance can provide further insights into the company's long-term asset management efficiency.