Roper Technologies Inc. Common Stock (ROP)

Working capital 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 current assets	US$ in thousands	1,481,400	1,504,500	2,606,100	2,232,200	1,932,400	3,991,400	4,992,000	4,485,600	2,421,100	2,375,200	1,796,700	1,739,400	1,752,300	1,706,200	3,179,200	2,273,400	1,999,500	1,619,400	1,602,300	1,586,000
Total current liabilities	US$ in thousands	2,963,200	2,812,700	2,763,900	2,775,400	2,892,500	2,840,400	3,166,100	3,501,800	3,121,800	2,861,100	2,503,100	2,462,900	2,444,400	2,339,900	2,498,600	2,366,100	2,397,400	1,500,900	1,443,200	1,444,700
Working capital turnover		—	—	—	—	—	4.52	2.78	5.04	—	—	—	—	—	—	7.22	—	—	45.13	33.39	37.34

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,177,800K ÷ ($1,481,400K – $2,963,200K)
= —

The working capital turnover ratio for Roper Technologies Inc over the past four quarters shows a fluctuating trend.

In Q1 2022, the working capital turnover ratio was 5.87, which indicates that the company generated $5.87 in revenue for every $1 of working capital invested. This high ratio suggests efficient utilization of working capital to drive revenue during that quarter.

In Q2 2022, the ratio decreased to 3.01, signifying a decline in the efficiency of converting working capital into sales. This drop may indicate possible issues with managing working capital effectively during that period.

However, in Q3 2022, there was a notable improvement, with the working capital turnover ratio increasing to 4.68. This upturn suggests a better utilization of working capital to generate revenue compared to the previous quarter.

Unfortunately, the data for Q4 2023 is not available in the provided information, making it challenging to comment on the current status of the working capital turnover ratio. It would be necessary to have this missing data to provide a more comprehensive analysis of the company's recent performance.