Roper Technologies Inc. Common Stock (ROP)

Payables 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
Payables	US$ in thousands	—	—	—	177,800	162,000
Payables turnover		—	—	—	6.72	9.80

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $1,870,600K ÷ $—K
= —

The payables turnover ratio for Roper Technologies Inc has shown a generally increasing trend over the past five years. This ratio indicates how efficiently the company is managing its trade payables by measuring the number of times a company pays off its average accounts payable balance during a certain period.

The company achieved a payables turnover ratio of 13.08 in 2023, a slight decrease from the previous year's ratio of 13.21. Despite this slight decrease, the ratio remains relatively high, reflecting the company's ability to efficiently manage its payables.

Compared to the ratios in 2021 and 2020, where the payables turnover was 12.34 and 11.16, respectively, there has been a considerable improvement in the efficiency of payables management. This gradual increase indicates that the company is maintaining good relationships with its suppliers and is able to settle its payables more frequently.

Furthermore, the payables turnover ratio of Roper Technologies Inc in 2019 was 11.97, showing a consistent performance in effectively managing its trade payables over the years.

Overall, the increasing trend in the payables turnover ratio of Roper Technologies Inc suggests that the company is effectively managing its accounts payable, which could be indicative of strong supplier relationships and efficient cash flow management practices.