Rogers Corporation (ROG)

Current ratio

		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
Total current assets	US$ in thousands	526,900	554,797	582,779	611,881	659,900	637,678	635,696	576,529	584,065	554,565	525,125	505,780	474,175	474,443	590,690	621,293	464,102	458,492	509,859	503,910
Total current liabilities	US$ in thousands	116,400	116,137	118,580	127,478	142,500	137,916	154,948	161,166	163,949	138,242	127,022	129,562	111,509	106,356	96,865	97,339	100,225	105,189	112,692	108,365
Current ratio		4.53	4.78	4.91	4.80	4.63	4.62	4.10	3.58	3.56	4.01	4.13	3.90	4.25	4.46	6.10	6.38	4.63	4.36	4.52	4.65

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $526,900K ÷ $116,400K
= 4.53

The current ratio of Rogers Corp. has demonstrated a consistent upward trend over the past eight quarters, indicating a strong liquidity position. The company's current assets have consistently been significantly higher than its current liabilities, with the current ratio ranging from 3.58 to 4.91 during this period.

The current ratio peaked at 4.91 in Q2 2023, reflecting a temporary surge in current assets relative to current liabilities. This suggests that the company had a substantial cushion of liquid assets to cover its short-term obligations at that point in time.

Although there was a slight dip in the current ratio in subsequent quarters, it remained above 4, indicating a healthy liquidity position overall. Rogers Corp. has shown a consistent ability to meet its short-term financial obligations using its current assets throughout the period under review.

Overall, the upward trend in the current ratio and its consistently high levels suggest that Rogers Corp. has managed its working capital effectively and is well-equipped to address any short-term liquidity challenges that may arise.