Roper Technologies Inc. Common Stock (ROP)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	17,444,800	16,037,800	11,563,800	10,479,800	9,491,900
ROE		7.93%	28.34%	9.97%	9.06%	18.63%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,384,200K ÷ $17,444,800K
= 7.93%

The return on equity (ROE) of Roper Technologies Inc has fluctuated over the past five years, as indicated by the data provided. The ROE for the most recent year, Dec 31, 2023, stands at 7.93%, reflecting a decrease from the previous year's figure of 28.34%. This significant drop suggests a decline in the company's ability to generate profit from shareholders' equity.

Comparing the ROE of Dec 31, 2023, to the figures from earlier years, we observe that it is lower than the ROE for Dec 31, 2022, which was considerably higher at 28.34%. However, it is still higher than the ROE for Dec 31, 2021 (9.97%) and Dec 31, 2020 (9.06%). The highest ROE in the provided data is for Dec 31, 2019, at 18.63%.

The fluctuation in ROE indicates varying levels of profitability and efficiency in utilizing shareholders' equity over the years. A declining ROE could be a concern for stakeholders, as it suggests a lower return on their investment in the company. Further analysis of the company's financial performance and operational efficiency would be necessary to understand the factors driving these changes in ROE.