Rogers Corporation (ROG)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 24,900 | 85,300 | 144,432 | 89,102 | 17,231 |
| Total assets | US$ in thousands | 1,481,100 | 1,517,200 | 1,646,210 | 1,598,570 | 1,264,000 |
| Operating ROA | 1.68% | 5.62% | 8.77% | 5.57% | 1.36% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $24,900K ÷ $1,481,100K
= 1.68%
The operating return on assets (operating ROA) for Rogers Corporation has shown varying trends over the past five years. In 2020, the operating ROA was recorded at 1.36%, indicating a relatively low profitability generated from its assets. However, there was a significant improvement in 2021, with the operating ROA increasing to 5.57%, signaling a more efficient utilization of assets to generate operating profits.
The trend continued upwards in 2022, reaching 8.77%, which may suggest enhanced operational efficiency and effectiveness in generating returns from its asset base. However, there was a slight decline in 2023, with the operating ROA dropping to 5.62%. This could be a result of various factors impacting the company's operations during that period.
Finally, in 2024, the operating ROA decreased further to 1.68%, returning to a level closer to the 2020 figure. This decline may raise concerns about the company's ability to sustain profitability relative to its asset base in the most recent period.
Overall, while there have been fluctuations in the operating ROA for Rogers Corporation in the past five years, it is important for the company to analyze the underlying reasons for these changes and implement strategies to maintain or improve operational efficiency in the future.
Peer comparison
Dec 31, 2024