Rogers Corporation (ROG)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 85,300 | 144,400 | 117,182 | 67,334 | 110,481 |
| Total assets | US$ in thousands | 1,517,200 | 1,646,200 | 1,598,570 | 1,264,000 | 1,273,180 |
| Operating ROA | 5.62% | 8.77% | 7.33% | 5.33% | 8.68% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $85,300K ÷ $1,517,200K
= 5.62%
Operating ROA measures the efficiency of Rogers Corp. in generating operating income from its assets. The trend analysis for Rogers Corp.'s Operating ROA over the past five years indicates a fluctuating performance.
In 2023, the Operating ROA increased to 4.50% from 3.81% in 2022, showing an improvement in the company's ability to generate operating income relative to its assets. However, compared to 2021 when the Operating ROA was 7.52%, the current return is lower, suggesting a potential decrease in operating efficiency.
In 2020, the Operating ROA was 6.35%, which was slightly lower than the 2023 figure. This indicates that the company's operating efficiency has improved since then. The highest return in the period was in 2019 when the Operating ROA reached 8.80%, indicating a peak in the company's ability to generate operating income from its assets.
Overall, the fluctuating trend in Operating ROA of Rogers Corp. suggests that the company's operational efficiency has varied over the years, which may be influenced by changes in operational factors, asset utilization, or profitability measures. Further analysis of the underlying factors affecting the company's performance is recommended to understand the drivers behind these fluctuations.
Peer comparison
Dec 31, 2023