Roper Technologies, Inc. (ROP)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	7,039,200	6,177,800	5,371,800	4,833,800	4,022,400
Property, plant and equipment	US$ in thousands	149,700	119,600	85,300	82,700	127,300
Fixed asset turnover		47.02	51.65	62.98	58.45	31.60

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,039,200K ÷ $149,700K
= 47.02

The fixed asset turnover ratio for Roper Technologies, Inc. has shown a generally increasing trend over the past five years. Starting at 31.60 in December 31, 2020, the ratio has steadily risen to 58.45 by December 31, 2021, further increasing to 62.98 by December 31, 2022. However, in December 31, 2023, there was a slight dip to 51.65, followed by a decrease to 47.02 by December 31, 2024.

This indicates that Roper Technologies, Inc. has been able to generate more revenue relative to its investment in fixed assets in recent years, highlighting improved efficiency in utilizing these assets. The fluctuation in the ratio in 2023 and 2024 might be worth investigating further to understand the underlying reasons for the changes.

Overall, the upward trend in the fixed asset turnover ratio reflects positively on Roper Technologies' operational efficiency and indicates effective management of its fixed assets to generate sales revenue.