Rogers Corporation (ROG)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 93.92 | 100.69 | 96.18 | 94.57 | 93.17 | 92.95 | 97.20 | 99.22 | 102.40 | 97.52 | 99.58 | 91.51 | 83.40 | 76.86 | 74.70 | 75.28 | 73.15 | 78.48 | 86.41 | 82.71 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 93.92 | 100.69 | 96.18 | 94.57 | 93.17 | 92.95 | 97.20 | 99.22 | 102.40 | 97.52 | 99.58 | 91.51 | 83.40 | 76.86 | 74.70 | 75.28 | 73.15 | 78.48 | 86.41 | 82.71 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 93.92 + — – —
= 93.92
The cash conversion cycle for Rogers Corporation has been fluctuating over the reported periods. The cycle is a measure of the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
From March 31, 2020, to December 31, 2024, the cash conversion cycle varied within a range of 82.71 days to 100.69 days. Generally, a lower cash conversion cycle is favorable as it indicates that the company is efficient in managing its working capital.
Rogers Corporation's cash conversion cycle increased from 82.71 days in March 2020 to a peak of 102.40 days in December 2022. This suggests potential challenges in managing inventory, accounts receivable, and accounts payable during this period.
It is worth noting that there was a slight improvement in the cash conversion cycle towards the end of the reporting period, with a decrease to 93.92 days by December 31, 2024. This reduction could imply better management of working capital and improved efficiency in converting resources into cash.
Overall, monitoring the cash conversion cycle is crucial for assessing the company's liquidity, operational efficiency, and financial health. The trend observed for Rogers Corporation indicates the need for continued attention to working capital management to optimize cash flow and operational performance.
Peer comparison
Dec 31, 2024