Rogers Corporation (ROG)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	307,100	321,000	349,139	291,820	314,292
Revenue	US$ in thousands	902,700	959,464	934,230	796,307	890,491
Gross profit margin		34.02%	33.46%	37.37%	36.65%	35.29%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $307,100K ÷ $902,700K
= 34.02%

The gross profit margin for Rogers Corp. has shown some fluctuations over the past five years. In 2023, the gross profit margin stands at 33.81%, which represents a slight increase compared to the previous year's margin of 33.05%. However, it is lower than the margins recorded in 2021 and 2020, which were 37.43% and 36.36%, respectively. The lowest margin in the period was in 2019 at 34.99%.

Overall, the trend in the gross profit margin for Rogers Corp. has been somewhat inconsistent, with fluctuations occurring from year to year. Further analysis and consideration of the company's operating expenses and revenue generation may provide additional insights into the factors influencing these variations.