Roper Technologies Inc. Common Stock (ROP)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	1,745,200	1,694,900	1,642,000	1,569,600	1,524,500	1,372,500	1,326,200	1,279,500	1,241,200	1,323,700	1,307,300	1,282,700	1,273,500	1,328,900	1,383,600	1,460,400	1,498,400	1,464,400	1,456,700	1,442,600
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
Operating ROA		6.20%	6.01%	5.98%	5.78%	5.65%	5.63%	5.23%	4.99%	5.23%	5.58%	5.49%	5.37%	5.30%	5.62%	7.23%	8.05%	8.27%	8.22%	9.16%	9.36%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,745,200K ÷ $28,167,500K
= 6.20%

The operating return on assets (operating ROA) for Roper Technologies Inc has exhibited some variability over the past eight quarters. In Q4 2023, the operating ROA stood at 6.20%, showing a slight increase from the previous quarter's 5.78%. This improvement suggests that the company generated $6.20 in operating income for every $100 of assets in Q4 2023.

Comparing the latest quarter to the same period a year ago, there was a marginal decrease from 5.65% in Q4 2022. This may indicate a slightly less efficient use of assets to generate operating income in the current period.

Looking at the trend over the past eight quarters, the operating ROA has fluctuated around the 6% range, with some quarters showing slightly higher values (e.g., Q3 2022 at 6.29%) and others slightly lower (e.g., Q1 2023 at 5.54%). Overall, Roper Technologies Inc has maintained a relatively stable operating ROA performance, highlighting its ability to generate profits from its asset base consistently.

It is important for investors and stakeholders to continue monitoring the operating ROA metric alongside other financial indicators to assess the company's operational efficiency and profitability over time.