Rogers Corporation (ROG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 26,100 | 56,600 | 116,600 | 108,100 | 49,990 |
| Total assets | US$ in thousands | 1,481,100 | 1,517,200 | 1,646,210 | 1,598,570 | 1,264,000 |
| ROA | 1.76% | 3.73% | 7.08% | 6.76% | 3.95% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $26,100K ÷ $1,481,100K
= 1.76%
The return on assets (ROA) of Rogers Corporation has shown fluctuations over the past five years. In December 2020, the ROA stood at 3.95%, indicating that the company generated approximately $0.0395 in net income for every dollar of assets it possesses. Over the subsequent years, there was an improvement in ROA, reaching 6.76% by December 2021 and further increasing to 7.08% by December 2022. This suggests that Rogers Corporation became more efficient in utilizing its assets to generate profit during these periods.
However, the trend reversed in the following years, with the ROA declining to 3.73% by December 2023 and then to 1.76% by December 2024. These lower ROA percentages could indicate challenges in maintaining profitability relative to the level of assets employed. It is essential for Rogers Corporation to investigate the reasons behind this decline and implement strategies to enhance asset productivity and profitability in the future.
Peer comparison
Dec 31, 2024