Rogers Corporation (ROG)

Liquidity ratios

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
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
Quick ratio 2.36 2.69 2.77 2.89 2.90 2.90 2.59 2.21 2.41 2.78 2.98 2.76 3.06 3.17 4.41 4.65 2.88 2.66 2.93 2.98
Cash ratio 1.13 1.09 1.19 1.52 1.66 1.71 1.45 1.13 1.42 1.60 1.74 1.65 1.86 1.87 3.08 3.17 1.66 1.34 1.54 1.50

Rogers Corp. has consistently maintained strong liquidity ratios over the past eight quarters, reflecting its ability to meet short-term obligations and fund operational needs. The current ratio, which measures the company's ability to pay off current liabilities with current assets, has shown a favorable trend, ranging from 4.53 to 4.91. This indicates that Rogers Corp. has more than enough current assets to cover its current liabilities, providing a cushion in case of unexpected financial challenges.

The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has also been robust, ranging from 3.21 to 3.48. This suggests that the company can meet its short-term obligations even without relying on inventory, which may not be as easily convertible to cash.

Additionally, the cash ratio, which specifically focuses on the company's ability to cover current liabilities with cash and cash equivalents, has remained healthy, ranging from 1.54 to 2.08. This indicates that Rogers Corp. has a sufficient level of liquid assets to settle its short-term obligations without relying on other current assets.

Overall, these liquidity ratios suggest that Rogers Corp. has a strong financial position in terms of its ability to meet short-term obligations and fund its operations. Maintaining such robust liquidity ratios is essential for financial stability and flexibility, ensuring that the company can navigate challenges and capitalize on opportunities as they arise.

Additional liquidity measure

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
Cash conversion cycle days 102.12 117.22 118.16 113.21 114.73 107.93 105.71 99.73 94.72 94.74 92.15 89.24 93.38 101.36 103.42 103.80 99.65 107.01 113.48 120.90

The cash conversion cycle of Rogers Corp. has shown fluctuations over the past eight quarters. The company's cash conversion cycle measures the time required to convert its investments in inventory and other resources into cash flows from sales. In the most recent quarter, Q4 2023, the cash conversion cycle was 129.42 days, indicating that it takes the company approximately 129 days to convert its resources into cash from sales.

The trend in the cash conversion cycle over the past eight quarters shows variability, with values ranging from 114.16 days in Q1 2022 to 141.41 days in Q2 2023. A decreasing trend in the cash conversion cycle, as observed from Q1 2022 to Q3 2022, may suggest that the company has been improving its efficiency in managing its inventory, accounts receivable, and accounts payable.

However, the increase in the cash conversion cycle from Q3 2022 to Q3 2023 and the subsequent decrease in Q4 2023 indicates a need for closer monitoring of the company's working capital management. These fluctuations suggest potential challenges in efficiently converting investments into cash and optimizing operating cycles.

Overall, the cash conversion cycle analysis highlights the importance of closely monitoring working capital efficiency to ensure optimal cash flow management and operational performance for Rogers Corp.