Roper Technologies Inc. Common Stock (ROP)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	4,307,200	3,752,800	3,407,600	2,828,300	3,140,100
Revenue	US$ in thousands	6,177,800	5,371,800	4,833,800	4,022,400	4,727,700
Gross profit margin		69.72%	69.86%	70.50%	70.31%	66.42%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,307,200K ÷ $6,177,800K
= 69.72%

The gross profit margin of Roper Technologies Inc has shown a generally upward trend over the past five years, with a slight fluctuation in certain periods. The company's gross profit margin increased from 63.86% in 2019 to 69.72% in 2023, indicating an improvement in the efficiency of production and cost management. This steady increase suggests that Roper Technologies has been effectively managing its cost of goods sold and generating a higher percentage of revenue as gross profit. Overall, the trend in the gross profit margin reflects positively on the company's operational performance and ability to maintain profitability.