Rogers Corporation (ROG)

Total asset 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
Total assets	US$ in thousands	1,517,200	1,520,870	1,568,380	1,611,530	1,646,200	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	1,273,180	1,249,720	1,307,350	1,299,390
Total asset turnover		0.59	0.60	0.59	0.59	0.58	0.60	0.59	0.60	0.58	0.68	0.66	0.65	0.63	0.61	0.57	0.60	0.70	0.74	0.71	0.70

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $901,299K ÷ $1,517,200K
= 0.59

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. In the case of Rogers Corp., the total asset turnover ratio has been relatively stable over the past eight quarters, ranging from 0.59 to 0.61. This indicates that, on average, the company is generating approximately $0.60 in sales for every dollar of total assets it holds.

A total asset turnover ratio of around 0.60 suggests that Rogers Corp. is effectively utilizing its assets to generate sales revenue. However, it is essential to compare this ratio to industry benchmarks and the company's historical performance to gain a more comprehensive understanding of its asset management efficiency.

Overall, the consistent total asset turnover ratio of Rogers Corp. implies that the company is maintaining a sound balance between its asset base and sales generation, which is a positive indicator of operational efficiency. It is important for investors and analysts to continue monitoring this ratio over time to assess any significant changes in the company's asset utilization strategy.