Roper Technologies Inc. Common Stock (ROP)

Total asset 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
Total assets	US$ in thousands	28,167,500	28,188,000	27,460,400	27,134,800	26,980,800	24,397,200	25,350,300	25,635,800	23,713,900	23,728,100	23,833,700	23,871,100	24,024,800	23,652,000	19,142,300	18,137,800	18,108,900	17,819,100	15,908,300	15,414,100
Total asset turnover		0.22	0.21	0.21	0.20	0.20	0.21	0.20	0.19	0.21	0.19	0.19	0.19	0.19	0.20	0.26	0.28	0.28	0.30	0.33	0.34

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,177,800K ÷ $28,167,500K
= 0.22

The total asset turnover ratio for Roper Technologies Inc has been relatively stable around 0.20 to 0.23 over the past eight quarters. This indicates that, on average, the company generates between $0.20 to $0.23 in revenue for every dollar of assets it owns during each quarter.

A consistent total asset turnover ratio implies that Roper Technologies is efficiently utilizing its assets to generate revenue. However, a ratio below 1 generally suggests that the company may have a large investment in assets relative to its revenue generation.

In this case, Roper Technologies Inc's total asset turnover ratio suggests that the company may have a substantial asset base compared to its revenue, which could indicate a capital-intensive business model. Further analysis and comparison with industry peers would provide additional insights into the company's asset efficiency and competitiveness in its sector.