Roper Technologies Inc. Common Stock (ROP)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,384,200	4,544,700	1,152,600	949,700	1,767,900
Total assets	US$ in thousands	28,167,500	26,980,800	23,713,900	24,024,800	18,108,900
ROA		4.91%	16.84%	4.86%	3.95%	9.76%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $1,384,200K ÷ $28,167,500K
= 4.91%

The return on assets (ROA) for Roper Technologies Inc has varied over the past five years, ranging from 3.95% in 2020 to 16.84% in 2022. In 2023, the ROA decreased to 4.91%. This indicates that in 2022, the company was generating a higher return on its assets compared to the other years in consideration. However, the ROA dropped significantly in 2023. It is important to further analyze the company's financial performance and operational efficiency to understand the factors contributing to these fluctuations in ROA.