Roper Technologies Inc. Common Stock (ROP)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	6,177,800	5,995,200	5,782,100	5,561,700	5,371,800	5,197,500	5,079,300	4,958,300	4,934,900	4,624,600	4,590,700	4,634,700	4,659,700	4,756,100	4,912,400	5,008,900	5,014,700	5,348,300	5,312,500	5,275,900
Property, plant and equipment	US$ in thousands	119,600	98,300	93,700	86,300	85,300	83,200	77,300	98,900	82,700	105,600	125,300	134,600	127,300	146,600	129,600	133,400	139,900	142,600	134,200	132,200
Fixed asset turnover		51.65	60.99	61.71	64.45	62.98	62.47	65.71	50.13	59.67	43.79	36.64	34.43	36.60	32.44	37.90	37.55	35.84	37.51	39.59	39.91

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,177,800K ÷ $119,600K
= 51.65

The fixed asset turnover ratio measures how efficiently a company is able to generate sales from its fixed assets. Higher fixed asset turnover ratios indicate that a company is better at utilizing its fixed assets to generate revenue.

Based on the data provided for Roper Technologies Inc, we can observe fluctuations in the fixed asset turnover ratio over the past eight quarters. The ratio has ranged from 51.65 to 71.14 during this period.

It is evident that Roper Technologies Inc has shown a relatively high level of efficiency in utilizing its fixed assets to generate sales, as indicated by the consistently high fixed asset turnover ratios observed.

A sustained high fixed asset turnover ratio may suggest that Roper Technologies Inc effectively manages its fixed assets to drive revenue growth. However, it is essential to monitor this ratio over time and in comparison to industry peers to assess the company's operational efficiency and competitiveness in the market.