Roper Technologies Inc. Common Stock (ROP)

Days of inventory on hand (DOH)

		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
Inventory turnover		15.77	14.78	14.85	14.67	14.55	15.51	16.42	7.25	22.07	6.86	5.76	6.48	8.41	6.95	7.32	7.78	7.99	9.47	9.53	9.33
DOH	days	23.14	24.69	24.58	24.87	25.09	23.53	22.23	50.34	16.54	53.20	63.41	56.32	43.39	52.53	49.85	46.90	45.66	38.55	38.31	39.11

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 displayed variability over the past eight quarters. In Q4 2023, the company held inventory for an average of 23.14 days, a decrease from the previous quarter's 26.35 days. This suggests that Roper managed its inventory more efficiently in Q4 2023 compared to Q3 2023.

Looking at a longer trend, the DOH has generally fluctuated between 20 to 40 days over the past two years. The highest DOH was recorded in Q1 2022 at 40.60 days, indicating a longer time for the company to sell its inventory or potential issues with inventory management during that period.

Overall, monitoring the DOH can provide insights into Roper's inventory management efficiency and how well it is controlling costs associated with excess inventory or stockouts. A decreasing trend in DOH may imply improved operational efficiency, while an increasing trend may suggest potential inventory management challenges that need to be addressed.