Roper Technologies Inc. Common Stock (ROP)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		—	—	—	6.72	9.80
Number of days of payables	days	—	—	—	54.35	37.24

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

Roper Technologies Inc's number of days of payables has shown a decreasing trend over the past five years. As of December 31, 2023, the company took an average of 27.90 days to pay its accounts payable, compared to 27.64 days in the previous year. This indicates that the company improved its efficiency in managing its payables by slightly reducing the number of days taken to settle its outstanding obligations.

Furthermore, when compared to the data from December 31, 2021, where the number of days of payables was 29.59 days, and December 31, 2020, where it was 32.71 days, there is a clear downward trend in the time taken by Roper Technologies Inc to pay its suppliers. This suggests that the company has been able to optimize its payables management process, potentially negotiating better terms with suppliers or enhancing cash flow management practices.

Looking back at December 31, 2019, where the number of days of payables was 30.48 days, the current figure of 27.90 days as of December 31, 2023, reflects an improvement in the company's ability to effectively control its payment cycle. Overall, this trend indicates that Roper Technologies Inc has been successful in tightening its payables management, possibly leading to better liquidity and financial performance in recent years.