Roper Technologies, Inc. (ROP)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	7,039,200	6,177,800	5,371,800	4,833,800	4,022,400
Total assets	US$ in thousands	31,334,700	28,167,500	26,980,800	23,713,900	24,024,800
Total asset turnover		0.22	0.22	0.20	0.20	0.17

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $7,039,200K ÷ $31,334,700K
= 0.22

The total asset turnover of Roper Technologies, Inc. has shown a steady increase over the past five years. In December 31, 2020, the total asset turnover ratio was 0.17, indicating that the company generated $0.17 in revenue for every dollar of assets. By December 31, 2024, the ratio had increased to 0.22, suggesting improved efficiency in utilizing its assets to generate revenue.

This trend implies that Roper Technologies has been making more effective use of its assets over time to drive sales. A higher total asset turnover ratio typically indicates better operational efficiency and effective management of assets. It suggests that the company is more adept at generating revenue from its asset base, which can be a positive signal for investors and stakeholders.

However, it is important to consider other factors alongside the total asset turnover ratio to gain a comprehensive understanding of the company's financial performance. This ratio provides valuable insight into the efficiency of asset utilization but should be analyzed in conjunction with other financial metrics for a more holistic assessment of Roper Technologies' overall operational and financial health.