Rogers Corporation (ROG)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 34.02% | 33.46% | 37.37% | 36.65% | 35.29% |
| Operating profit margin | 9.45% | 15.05% | 12.54% | 8.46% | 12.41% |
| Pretax margin | 8.45% | 14.63% | 13.52% | 8.61% | 6.19% |
| Net profit margin | 6.27% | 12.15% | 11.57% | 6.28% | 5.31% |
The profitability ratios of Rogers Corp. have shown some fluctuation over the past five years. The gross profit margin has ranged from 33.05% to 37.43%, with a slight decrease in 2023 to 33.81%. This indicates the efficiency of the company in generating revenue after accounting for the cost of goods sold.
The operating profit margin has also varied, with a decrease in 2023 to 7.51% from a high of 12.89% in 2021. This ratio reflects the company's ability to control operating expenses and generate profit from its core business activities.
The pretax margin has been inconsistent, with a notable decline in 2023 to 8.40% compared to the previous year's 14.45%. This ratio indicates the company's profitability before accounting for taxes and shows its ability to manage non-operating expenses.
The net profit margin has fluctuated as well, with a significant decrease in 2023 to 6.23% from 12.01% in 2022. This ratio reflects the company's overall profitability after all expenses, including taxes, have been accounted for.
Overall, while there have been fluctuations in the profitability ratios of Rogers Corp., it is important for the company to closely monitor and manage its costs and expenses to maintain and improve its profitability over time.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 5.62% | 8.77% | 7.33% | 5.33% | 8.68% |
| Return on assets (ROA) | 3.73% | 7.08% | 6.76% | 3.95% | 3.72% |
| Return on total capital | 6.62% | 10.41% | 8.95% | 6.44% | 10.45% |
| Return on equity (ROE) | 4.50% | 9.94% | 9.66% | 4.90% | 5.07% |
Rogers Corp.'s profitability ratios show varying trends over the past five years.
- Operating return on assets (Operating ROA) has fluctuated, with a decrease from 7.52% in 2021 to 4.50% in 2023. This ratio indicates the company's ability to generate operating income from its assets.
- Return on assets (ROA) has also displayed variability, peaking at 7.08% in 2022 but declining to 3.73% in 2023. This ratio reflects the overall profitability of the company's assets.
- Return on total capital has shown ups and downs, with a decrease from 9.72% in 2021 to 5.43% in 2023. This ratio illustrates how efficiently the company generates profits from its total capital, including both debt and equity.
- Return on equity (ROE) has experienced fluctuations, reaching a high of 9.95% in 2022 and falling to 4.50% in 2023. ROE measures the return generated on shareholder equity.
Overall, the profitability ratios of Rogers Corp. demonstrate mixed performance over the last five years, with some ratios improving while others have declined. Analysis of the reasons behind these trends would require further investigation into the company's financial and operational aspects.