Rogers Corporation (ROG)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	901,299	912,712	930,181	952,619	959,464	974,498	968,031	952,111	933,645	911,742	872,311	827,187	796,024	779,120	800,771	852,145	894,360	923,534	930,355	904,278
Receivables	US$ in thousands	143,200	185,750	186,700	174,620	177,413	162,929	176,642	173,387	163,092	163,804	157,471	144,049	134,421	138,611	128,697	144,202	122,285	138,532	156,924	160,696
Receivables turnover		6.29	4.91	4.98	5.46	5.41	5.98	5.48	5.49	5.72	5.57	5.54	5.74	5.92	5.62	6.22	5.91	7.31	6.67	5.93	5.63

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $901,299K ÷ $143,200K
= 6.29

The receivables turnover of Rogers Corp. has exhibited variability over the past eight quarters, ranging from a low of 4.89 in Q3 2023 to a high of 5.88 in Q3 2022. Overall, the trend indicates that the company's ability to collect its accounts receivable efficiently has been relatively stable, with an average turnover ratio of approximately 5.37 over the period analyzed. This suggests that, on average, Rogers Corp. collects its accounts receivable approximately 5.37 times per year. A higher receivables turnover ratio typically indicates that the company is effectively managing its credit and collection policies, while a lower ratio may suggest issues with collecting outstanding receivables in a timely manner.