Roper Technologies Inc. Common Stock (ROP)

Payables 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
Cost of revenue (ttm)	US$ in thousands	1,870,600	1,810,900	1,752,300	1,687,500	1,619,000	1,566,600	1,518,500	1,469,800	1,527,300	1,196,500	1,224,400	1,335,100	1,388,900	1,493,300	1,585,900	1,604,900	1,587,600	1,941,000	1,938,800	1,936,300
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	177,800	—	—	—	162,000	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	7.81	—	—	—	9.80	—	—	—

December 31, 2023 calculation

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

The payables turnover ratio for Roper Technologies Inc has demonstrated consistent fluctuation over the past eight quarters. The ratio measures how efficiently the company is managing its accounts payable by indicating how many times during a period the company pays off its suppliers.

In Q4 2023, Roper Technologies Inc had a payables turnover of 13.08, which indicates that the company paid off its accounts payable approximately 13.08 times during that period. This represents an improvement compared to the previous quarter, Q3 2023, where the ratio was 12.50.

Looking back over the last two years, the payables turnover ratio has generally remained strong, with occasional fluctuations. However, there was a significant increase in Q1 2022 compared to Q2 2022, suggesting a possible change in the company's accounts payable management during that period.

Overall, Roper Technologies Inc's payables turnover ratio indicates that the company is effectively managing its accounts payable and efficiently paying off its suppliers, with some variability in performance seen over the quarters.