Roper Technologies Inc. Common Stock (ROP)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		15.77	14.55	20.61	7.23	7.99
DOH	days	23.14	25.09	17.71	50.47	45.66

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.77
= 23.14

The Days of Inventory on Hand (DOH) for Roper Technologies Inc has shown a decreasing trend over the past five years, indicating an improvement in the company's inventory management efficiency.

In 2019, the DOH was 37.37 days, which then decreased to 36.50 days in 2020, and further improved to 34.55 days in 2021. The trend continued with the DOH dropping to 25.09 days in 2022 and reaching the lowest point at 23.14 days in 2023.

A lower number of days of inventory on hand suggests that Roper Technologies Inc is selling its inventory at a faster rate, which can lead to reduced holding costs and improved cash flow. This trend reflects positively on the company's operational efficiency and effectiveness in managing its inventory levels.