Roper Technologies Inc. Common Stock (ROP)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,923,600	3,428,600	3,388,900	3,291,900	5,033,500	3,371,000	3,347,600	3,340,100	1,623,000	1,578,000	1,510,300	1,444,000	1,373,200	2,191,900	2,222,800	2,258,600	2,371,500	1,582,400	1,555,700	1,544,900
Long-term debt	US$ in thousands	5,830,600	6,379,000	5,966,300	5,964,400	5,962,500	5,960,600	6,657,100	6,654,800	7,122,600	7,529,900	8,199,500	8,571,800	9,061,400	9,101,200	5,263,800	4,674,200	4,673,100	6,195,100	4,718,900	4,487,000
Total stockholders’ equity	US$ in thousands	17,444,800	17,038,700	16,745,900	16,332,700	16,037,800	13,857,800	13,726,500	13,551,900	11,563,800	11,342,300	11,089,200	10,765,700	10,479,800	10,160,900	9,879,700	9,591,300	9,491,900	8,571,300	8,351,000	8,137,400
Return on total capital		8.26%	14.64%	14.92%	14.76%	22.88%	17.01%	16.42%	16.53%	8.69%	8.36%	7.83%	7.47%	7.03%	11.38%	14.68%	15.83%	16.74%	10.72%	11.90%	12.24%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,923,600K ÷ ($5,830,600K + $17,444,800K)
= 8.26%

To analyze Roper Technologies Inc's return on total capital over the past eight quarters, we observe a fluctuating trend. The return on total capital ranged from 6.54% to 8.04% during this period.

In Q4 2023, the return on total capital was 8.04%, indicating a relatively favorable performance compared to the previous quarters. This was an improvement from the 7.23% in Q3 2023 and the 7.62% in Q1 2022.

However, in Q1 2023, the return on total capital decreased to 6.54%, marking the lowest point in the analyzed period. This decline followed a trend of decreasing returns from Q4 2022 when the return on total capital was 6.72%.

Overall, Roper Technologies Inc's return on total capital has shown some variability over the past eight quarters, with peaks and troughs in performance. It would be essential to further investigate the factors influencing these fluctuations to assess the company's capital utilization and efficiency.