Gross Margin % is calculated as gross profit divided by its revenue. Rogers's Gross Profit for the
three
months ended in Mar. 2024 was $68.2 Mil. Rogers's Revenue for the
three
months ended in Mar. 2024 was $213.4 Mil. Therefore, Rogers's Gross Margin % for the quarter that ended in Mar. 2024 was 31.96%.
The historical rank and industry rank for Rogers's Gross Margin % or its related term are showing as below:
ROG'
s Gross Margin % Range Over the Past 10 Years
Min: 33.05 Med: 36.53 Max: 38.8
Current: 33.67
During the past 13 years, the highestGross Margin % of Rogers was 38.80%. The lowest was 33.05%. And the median was 36.53%.
ROG's Gross Margin % is ranked better than 68.35% of 2439
companies
in the Hardware industry
Industry Median: 24.34
vs ROG: 33.67
Rogers had a gross margin of 31.96% for the quarter that ended in Mar. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Rogers was -1.00% per year.
Rogers Gross Margin % Historical Data
The historical data trend for Rogers's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electronic Components subindustry, Rogers's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Rogers's Gross Margin % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Rogers's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Rogers's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Rogers (NYSE:ROG) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Rogers had a gross margin of 31.96% for the quarter that ended in Mar. 2024 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Rogers Gross Margin % Related Terms
Thank you for viewing the detailed overview of Rogers's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rogers Corporation designs develop and manufacture engineered materials and components for sale to original equipment manufacturers and component suppliers. The firm operates in three business segments: advanced connectivity solutions, which manufactures circuit materials for applications in communications infrastructure, automotive, and consumer electronics markets; elastomeric material solutions, which provide cushioning, sealing, and impact protection in automotive, transportation, and construction applications; and power electronics solutions, which sells ceramic substrate materials for power module applications. The firm generates revenue primarily in the United States, China, and Germany, but has a presence around the world.
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