Roper Technologies Inc. Common Stock (ROP)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,870,600 | 1,619,000 | 1,426,200 | 1,194,100 | 1,587,600 |
| Inventory | US$ in thousands | 118,600 | 111,300 | 69,200 | 165,100 | 198,600 |
| Inventory turnover | 15.77 | 14.55 | 20.61 | 7.23 | 7.99 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,870,600K ÷ $118,600K
= 15.77
The inventory turnover for Roper Technologies Inc has shown a consistent upward trend over the past five years, indicating an improvement in the company's efficiency in managing its inventory. The ratio has increased from 9.77 in 2019 to 15.77 in 2023, a significant improvement year over year. This implies that the company is selling its inventory at a faster rate relative to the previous years, which can be a positive sign of effective inventory management and sales performance. The increasing trend suggests that Roper Technologies Inc has been able to optimize its inventory levels, reduce carrying costs, and generate more revenue from its inventory. Overall, the rising inventory turnover ratio reflects positively on the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023