Analysis of Inventory
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- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Inventory Disclosure
Roper Technologies Inc., balance sheet: inventory
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials and supplies | |||||||||||
| Work in process | |||||||||||
| Finished products | |||||||||||
| Inventory reserves | |||||||||||
| Inventories |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
The inventory data over the five-year period shows notable shifts in both the composition and total values. Overall, the total inventory levels decreased from US$ 190,800 thousand at the end of 2018 to US$ 111,300 thousand by the end of 2022, indicating a significant reduction in inventory holdings.
- Raw materials and supplies
- This category peaked in 2020 at US$ 128,400 thousand before declining sharply to US$ 60,600 thousand by the end of 2022. This represents a reduction of more than 50% from its highest level, suggesting a strategic move to lower raw materials inventory or improved supply chain efficiency.
- Work in process
- The work in process inventory fluctuated moderately, rising from US$ 26,200 thousand in 2018 to US$ 30,200 thousand in 2021, and then decreasing to US$ 24,900 thousand in 2022. This pattern suggests some variability in production flow but overall a slight net decline over the period.
- Finished products
- Finished goods inventory showed an increase through 2020, reaching US$ 82,200 thousand, followed by a continual decrease to US$ 31,300 thousand by 2022. This decline may indicate a reduction in stockpiled finished products or stronger sales turnover towards the end of the period.
- Inventory reserves
- Inventory reserves, reflected as negative values, grew in absolute terms from -US$ 30,300 thousand in 2018 to a peak of -US$ 40,400 thousand in 2020, then decreased sharply to -US$ 5,500 thousand in 2022. This significant reduction in reserves suggests either a reassessment leading to lower allowance for obsolete or damaged inventory or improved inventory quality and management.
- Total inventories
- The combined inventories remained relatively stable around US$ 190,000 thousand from 2018 to 2020 but then steadily decreased by nearly 44% to US$ 111,300 thousand in 2022. This downturn reflects the combined effects of reductions seen across raw materials, finished products, and inventory reserves.
In summary, the data demonstrates a strategic reduction in overall inventory levels over the observed years, particularly in raw materials and finished goods. The sharp decrease in inventory reserves in 2022 further underscores improved inventory management or asset quality. These trends may enhance liquidity and reduce holding costs, although the impact on operational capacity would require further assessment.