Rogers Corporation (ROG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 830,100 | 908,400 | 971,171 | 932,886 | 802,583 |
| Total assets | US$ in thousands | 1,481,100 | 1,517,200 | 1,646,210 | 1,598,570 | 1,264,000 |
| Total asset turnover | 0.56 | 0.60 | 0.59 | 0.58 | 0.63 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $830,100K ÷ $1,481,100K
= 0.56
Rogers Corporation's total asset turnover ratio has shown a fluctuating trend over the past five years. The ratio decreased from 0.63 in 2020 to 0.58 in 2021, indicating that the company generated $0.58 in revenue for every dollar of assets in 2021. However, there was a slight improvement in 2022 with a ratio of 0.59, followed by a further increase in 2023 to 0.60. Despite these improvements, the ratio declined again to 0.56 in 2024.
Overall, the total asset turnover ratio suggests that Rogers Corporation's ability to generate sales from its assets has been varied, with a downward trend in recent years. Further analysis of the company's operations and asset management practices may be needed to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2024