Rogers Corporation (ROG)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 56,600 | 116,600 | 108,133 | 49,990 | 47,319 |
| Total assets | US$ in thousands | 1,517,200 | 1,646,200 | 1,598,570 | 1,264,000 | 1,273,180 |
| ROA | 3.73% | 7.08% | 6.76% | 3.95% | 3.72% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $56,600K ÷ $1,517,200K
= 3.73%
The return on assets (ROA) of Rogers Corp. has exhibited fluctuations over the past five years. In 2023, the ROA dropped to 3.73% from 7.08% in 2022, indicating a decrease in the company's ability to generate profit from its assets. This decline may be attributed to various factors such as changes in operating efficiency, asset utilization, or profitability.
Comparing the 2023 ROA to historical data, it is evident that the company's performance was stronger in 2022 with the highest ROA of 7.08% in the past five years. However, the ROA in 2023 is still higher than in 2019 and 2020, showcasing an improvement over those two years.
Overall, the trend in ROA for Rogers Corp. reflects varying levels of efficiency in utilizing its assets to generate profit. It is important for the company to further analyze the underlying reasons for these fluctuations and implement strategies to enhance its asset productivity and profitability in the future.
Peer comparison
Dec 31, 2023