Rogers Corporation (ROG)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	830,100	842,500	861,348	877,969	908,416	927,520	945,603	966,752	971,171	977,919	968,951	951,887	932,886	913,106	876,787	833,038	802,583	785,679	805,577	857,272
Total assets	US$ in thousands	1,481,100	1,540,000	1,487,100	1,488,000	1,517,200	1,520,870	1,568,380	1,611,530	1,646,210	1,625,790	1,632,270	1,593,260	1,598,570	1,346,040	1,313,480	1,282,220	1,264,000	1,272,040	1,400,540	1,426,420
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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $830,100K ÷ $1,481,100K
= 0.56

The total asset turnover of Rogers Corporation has shown some fluctuations over the past few years based on the provided data. The ratio ranged from a low of 0.55 as of September 30, 2024, to a high of 0.68 as of September 30, 2021. Generally, a higher total asset turnover indicates that the company is generating more revenue for each dollar of assets it holds.

The trend in total asset turnover for Rogers Corporation shows some variations, with a slight upward movement from the end of 2020 to the third quarter of 2021, followed by a relatively stable performance until the end of 2023, and a decline towards the end of the data period in 2024.

Overall, while the company's total asset turnover ratios have fluctuated, establishing a clear pattern of consistency or improvement would require further analysis and comparison with industry benchmarks. This ratio provides insights into the efficiency of Rogers Corporation in utilizing its assets to generate sales revenue.