Rogers Corporation (ROG)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	85,300	137,433	128,787	124,289	144,432	72,208	87,531	99,880	117,182	126,710	101,705	87,052	67,334	61,944	83,035	95,156	110,481	122,699	122,456	114,467
Total assets	US$ in thousands	1,517,200	1,520,870	1,568,380	1,611,530	1,646,200	1,625,790	1,632,270	1,593,260	1,598,570	1,346,040	1,313,480	1,282,220	1,264,000	1,272,040	1,400,540	1,426,420	1,273,180	1,249,720	1,307,350	1,299,390
Operating ROA		5.62%	9.04%	8.21%	7.71%	8.77%	4.44%	5.36%	6.27%	7.33%	9.41%	7.74%	6.79%	5.33%	4.87%	5.93%	6.67%	8.68%	9.82%	9.37%	8.81%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $85,300K ÷ $1,517,200K
= 5.62%

To analyze the operating return on assets (operating ROA) performance of Rogers Corp., we observe that the operating ROA has fluctuated over the past eight quarters.

In Q1 2022, Rogers Corp. had the highest operating ROA of 6.25%, which gradually declined over the next quarters. By Q4 2022, the operating ROA stood at 3.81%, showing a significant decrease from the peak in Q1 2022. However, there was a slight improvement in Q1 2023 with an operating ROA of 3.38%.

The trend reversed in Q2 2023, with a noticeable increase in operating ROA to 3.72%, followed by a further improvement in Q3 2023 to 4.55%. This positive trend continued in Q4 2023, with the operating ROA reaching 4.50%.

Overall, the trend indicates a fluctuation in operating ROA over the analyzed period, with some periods showing improvement and others experiencing declines. It is essential for Rogers Corp. to monitor its operating ROA closely to ensure sustainable profitability and efficient asset utilization going forward.