Roper Technologies Inc. Common Stock (ROP)

Return on assets (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
Net income (ttm)	US$ in thousands	1,384,200	2,923,600	2,903,400	2,807,300	4,544,700	2,904,100	2,866,600	2,884,100	1,152,600	1,120,600	1,065,500	998,400	949,700	1,565,000	1,608,100	1,638,600	1,767,900	1,153,900	1,124,000	1,102,700
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
ROA		4.91%	10.37%	10.57%	10.35%	16.84%	11.90%	11.31%	11.25%	4.86%	4.72%	4.47%	4.18%	3.95%	6.62%	8.40%	9.03%	9.76%	6.48%	7.07%	7.15%

December 31, 2023 calculation

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

ROA, or return on assets, is a key financial ratio that indicates how efficiently a company is generating profits from its assets. Looking at the data provided for Roper Technologies Inc over the past eight quarters, we can observe fluctuations in ROA.

In Q4 2022, Roper Technologies Inc had an ROA of 16.84%, which was notably higher than the subsequent quarters. However, in Q1 2023, the ROA dropped to 10.35% before gradually increasing to 10.57% in Q2 2023 and reaching a peak of 10.37% in Q3 2023. Q4 2023 saw a further decrease in ROA to 4.91%.

The overall trend in ROA for Roper Technologies Inc appears to have fluctuated, with some quarters showing higher returns on assets compared to others. It is essential for the company to consistently monitor and manage its asset utilization to ensure sustained profitability and efficiency in generating returns for its shareholders.