Rogers Corporation (ROG)

Working capital 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 current assets	US$ in thousands	493,900	521,200	502,100	501,400	526,900	554,797	582,779	611,881	659,867	637,678	635,696	576,529	584,065	554,565	525,125	505,780	474,175	474,443	590,690	621,293
Total current liabilities	US$ in thousands	123,500	122,500	116,500	117,000	116,400	116,137	118,580	127,478	142,537	137,916	154,948	161,166	163,949	138,242	127,022	129,562	111,509	106,356	96,865	97,339
Working capital turnover		2.24	2.11	2.23	2.28	2.21	2.11	2.04	2.00	1.88	1.96	2.02	2.29	2.22	2.19	2.20	2.21	2.21	2.13	1.63	1.64

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $830,100K ÷ ($493,900K – $123,500K)
= 2.24

The working capital turnover ratio for Rogers Corporation has shown a fluctuating trend over the periods analyzed. Starting at 1.64 on March 31, 2020, it increased to 2.21 by September 30, 2020. Thereafter, it continued to rise steadily, reaching a peak of 2.29 on March 31, 2022. However, towards the latter part of the timeline, the ratio experienced a slight decline, dropping to 1.88 by December 31, 2022. Following this dip, there was a rebound in performance, with the ratio climbing back to 2.28 by March 31, 2024.

Overall, the working capital turnover ratio indicates how efficiently Rogers Corporation is utilizing its working capital to generate sales revenue. A higher ratio suggests that the company is managing its working capital effectively to support revenue generation. Conversely, a lower ratio may indicate inefficiencies in working capital management or challenges in generating revenue. It is essential for the company to monitor this ratio closely to ensure optimal utilization of its working capital resources.