Roper Technologies Inc. Common Stock (ROP)

Receivables 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
Receivables	US$ in thousands	936,300	858,500	792,500	730,000	816,000	729,100	733,900	865,300	934,700	851,900	1,079,500	1,060,000	1,104,700	1,023,300	963,900	937,500	975,100	895,400	904,800	823,700
Receivables turnover		6.60	6.98	7.30	7.62	6.58	7.13	6.92	5.73	5.28	5.43	4.25	4.37	4.22	4.65	5.10	5.34	5.14	5.97	5.87	6.41

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,177,800K ÷ $936,300K
= 6.60

The receivables turnover ratio for Roper Technologies Inc has displayed some variation over the past eight quarters. The ratio measures how efficiently the company collects outstanding receivables during a certain period.

In Q1 2022, the receivables turnover was at 6.53, indicating that the company collected its outstanding receivables approximately 6.53 times during that quarter. The ratio then increased to 7.28 in Q2 2022 before slightly decreasing to 7.06 in Q3 2022.

Subsequently, there was a decline in receivables turnover to 6.13 in Q4 2022, which was followed by a consistent improvement over the next three quarters. Q1 2023 saw a significant increase in the ratio to 7.03, indicating a more efficient collection of receivables during that period.

However, in Q2 and Q3 2023, the receivables turnover ratio continued to fluctuate, with values of 6.54 and 6.29 respectively. Most recently, in Q4 2023, the ratio stood at 6.28, suggesting a slight decline in the efficiency of receivables collection compared to the previous quarter.

Overall, the trend in Roper Technologies Inc's receivables turnover ratio shows some variability, with periods of both improvement and decline in the efficiency of collecting outstanding receivables. It would be important for the company to further analyze the reasons behind these fluctuations to ensure effective management of its accounts receivable.