Rogers Corporation (ROG)
Quick ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 159,800 | 146,400 | 119,900 | 116,900 | 131,700 | 126,455 | 141,452 | 193,724 | 235,850 | 236,461 | 225,332 | 182,144 | 232,296 | 220,901 | 203,945 | 199,109 | 191,785 | 186,123 | 298,742 | 308,277 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 16,904 | 14,948 | 15,248 | 12,755 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.29 | 1.20 | 1.03 | 1.00 | 1.13 | 1.09 | 1.19 | 1.52 | 1.65 | 1.71 | 1.45 | 1.13 | 1.42 | 1.60 | 1.74 | 1.65 | 1.86 | 1.87 | 3.08 | 3.17 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($159,800K
+ $—K
+ $—K)
÷ $123,500K
= 1.29
The quick ratio of Rogers Corporation provides insight into its ability to meet its short-term obligations with its most liquid assets. The trend analysis of the quick ratio from March 31, 2020, to December 31, 2024, reveals a general decrease over time. The quick ratio started at a favorable level of 3.17 in March 2020, indicating a strong ability to cover current liabilities with quick assets.
However, the ratio gradually declined to 1.29 by December 31, 2024, suggesting a reduction in the company's ability to meet short-term obligations without relying on inventory. While the quick ratio remained above 1 throughout the period, signifying that Rogers Corporation had sufficient quick assets to cover its current liabilities, the decreasing trend raises concerns about the company's liquidity position.
It is essential for Rogers Corporation to closely monitor its quick ratio to ensure it maintains a healthy liquidity position, as a declining trend may indicate potential difficulties in meeting short-term obligations. Management should evaluate its current asset composition and working capital management practices to improve liquidity and ensure financial stability in the future.
Peer comparison
Dec 31, 2024