Roper Technologies, Inc. (ROP)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	7,039,200	6,775,600	6,574,400	6,388,800	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
Total assets	US$ in thousands	31,334,700	31,552,700	29,847,500	29,978,500	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
Total asset turnover		0.22	0.21	0.22	0.21	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

December 31, 2024 calculation

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

The total asset turnover ratio of Roper Technologies, Inc. has shown slight fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.28 on March 31, 2020, and gradually decreased to 0.19 by September 30, 2020. It remained relatively stable around 0.19 to 0.21 until December 31, 2021.

From March 31, 2022, the total asset turnover ratio improved slightly to 0.21 and peaked at 0.22 on December 31, 2023, and December 31, 2024, indicating better efficiency in utilizing its assets. Overall, the trend suggests that the company has been effectively generating sales revenue relative to its total assets, with periodic fluctuations reflecting changes in the company's asset management effectiveness.