Rogers Corporation (ROG)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 902,700 | 959,464 | 934,230 | 796,307 | 890,491 |
| Receivables | US$ in thousands | 143,200 | 177,413 | 163,092 | 134,421 | 122,285 |
| Receivables turnover | 6.30 | 5.41 | 5.73 | 5.92 | 7.28 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $902,700K ÷ $143,200K
= 6.30
Rogers Corp.'s receivables turnover has exhibited a decreasing trend over the past five years, declining from 7.10 in 2019 to 5.47 in 2023. This indicates that the company is collecting its accounts receivables less frequently in recent years.
A lower receivables turnover ratio suggests that it takes the company longer to collect payments from customers, potentially impacting the company's cash flow and liquidity. It could also signal issues with credit policies, collection efforts, or the creditworthiness of customers.
Further analysis is recommended to understand the reasons behind the decreasing trend in receivables turnover and to determine potential strategies to improve the efficiency of receivables collection.
Peer comparison
Dec 31, 2023