Rogers Corporation (ROG)
Total asset 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 |
| Total assets | US$ in thousands | 1,517,200 | 1,646,200 | 1,598,570 | 1,264,000 | 1,273,180 |
| Total asset turnover | 0.59 | 0.58 | 0.58 | 0.63 | 0.70 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $902,700K ÷ $1,517,200K
= 0.59
Total asset turnover measures a company's ability to generate revenue from its assets. Rogers Corp.'s total asset turnover has fluctuated over the past five years, ranging from 0.58 to 0.71. A lower total asset turnover, such as in 2023 (0.60), indicates that the company is less efficient in utilizing its assets to generate sales compared to previous years. This could be a result of increased asset holdings without a corresponding increase in sales. Conversely, a higher total asset turnover, such as in 2019 (0.71), suggests greater efficiency in converting assets into revenue. Overall, Rogers Corp. should aim to improve its total asset turnover to enhance operational efficiency and maximize revenue generation from its asset base.
Peer comparison
Dec 31, 2023