Return on Assets (ROA)
since 2005
Calculation
Roper Technologies Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net earnings1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 16.84% | = | 100 | × | 4,544,700) | ÷ | 26,980,800) |
| Dec 31, 2021 | 4.86% | = | 100 | × | 1,152,600) | ÷ | 23,713,900) |
| Dec 31, 2020 | 3.95% | = | 100 | × | 949,700) | ÷ | 24,024,800) |
| Dec 31, 2019 | 9.76% | = | 100 | × | 1,767,900) | ÷ | 18,108,900) |
| Dec 31, 2018 | 6.19% | = | 100 | × | 944,400) | ÷ | 15,249,500) |
| Dec 31, 2017 | 6.79% | = | 100 | × | 971,772) | ÷ | 14,316,413) |
| Dec 31, 2016 | 4.60% | = | 100 | × | 658,645) | ÷ | 14,324,927) |
| Dec 31, 2015 | 6.85% | = | 100 | × | 696,067) | ÷ | 10,168,365) |
| Dec 31, 2014 | 7.68% | = | 100 | × | 646,033) | ÷ | 8,412,934) |
| Dec 31, 2013 | 6.58% | = | 100 | × | 538,293) | ÷ | 8,184,981) |
| Dec 31, 2012 | 6.84% | = | 100 | × | 483,360) | ÷ | 7,071,104) |
| Dec 31, 2011 | 8.03% | = | 100 | × | 427,247) | ÷ | 5,319,417) |
| Dec 31, 2010 | 6.36% | = | 100 | × | 322,580) | ÷ | 5,069,524) |
| Dec 31, 2009 | 5.53% | = | 100 | × | 239,481) | ÷ | 4,327,736) |
| Dec 31, 2008 | 7.21% | = | 100 | × | 286,515) | ÷ | 3,971,538) |
| Dec 31, 2007 | 7.24% | = | 100 | × | 250,033) | ÷ | 3,453,184) |
| Dec 31, 2006 | 6.45% | = | 100 | × | 193,324) | ÷ | 2,995,359) |
| Dec 31, 2005 | 6.07% | = | 100 | × | 153,175) | ÷ | 2,522,306) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial trajectory from 2005 to 2022 is characterized by an aggressive expansion of the asset base and a significant, albeit volatile, increase in net earnings. While total assets grew consistently over the 17-year period, the return on assets (ROA) exhibited cyclical fluctuations before reaching a historical peak in the final year of the analysis.
- Asset Base Expansion
- Total assets demonstrated a consistent upward trend, increasing from 2,522,306 thousand US$ in 2005 to 26,980,800 thousand US$ by 2022. This represents a substantial expansion of the company's resource base, with the most pronounced growth occurring between 2014 and 2020, where assets more than doubled from approximately 8.4 billion US$ to 24 billion US$.
- Net Earnings Performance
- Net earnings grew from 153,175 thousand US$ in 2005 to 4,544,700 thousand US$ in 2022. The growth path was generally positive but marked by periods of irregularity. A notable surge occurred in 2019, followed by a contraction in 2020, and a massive increase in 2022, where earnings reached their highest point in the observed period.
- Return on Assets (ROA) Analysis
- Between 2005 and 2014, ROA remained relatively stable, fluctuating within a narrow band between 5.53% and 8.03%. A period of increased volatility emerged between 2015 and 2021, with the ratio dipping to a low of 3.95% in 2020, coinciding with a decrease in net earnings relative to the expanded asset base. However, 2022 saw a sharp divergence from historical norms, with ROA ascending to 16.84%. This spike is attributed to a disproportionate increase in net earnings relative to the growth in total assets during that fiscal year.
The overall analysis indicates that while the organization successfully scaled its assets and earnings over nearly two decades, the efficiency of asset utilization, as measured by ROA, remained moderate for most of the period until a significant leap in profitability occurred in 2022.
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Comparison to Competitors
Roper Technologies Inc., ROA, long-term trends, comparison to competitors
| Roper Technologies Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 16.84% | 28.29% | 19.96% | 12.57% | 6.00% | 4.78% | 8.90% |
| Dec 31, 2021 | 4.86% | 26.97% | 14.66% | 10.86% | 2.63% | 11.19% | 4.99% |
| Dec 31, 2020 | 3.95% | 17.73% | 13.39% | 11.82% | 3.88% | 4.12% | 4.39% |
| Dec 31, 2019 | 9.76% | 16.32% | 20.54% | 11.88% | -2.07% | -1.34% | 4.27% |
| Dec 31, 2018 | 6.19% | 16.28% | 10.65% | 0.10% | — | 15.69% | 2.61% |
| Dec 31, 2017 | 6.79% | 12.88% | 17.20% | 7.40% | — | -8.31% | 4.41% |
| Dec 31, 2016 | 4.60% | 14.20% | 10.65% | 8.83% | — | 1.28% | 6.18% |
| Dec 31, 2015 | 6.85% | 18.38% | 10.44% | 7.91% | — | -0.66% | 9.35% |
| Dec 31, 2014 | 7.68% | 17.04% | 10.71% | 7.47% | — | — | 6.80% |
| Dec 31, 2013 | 6.58% | 17.89% | — | 9.87% | — | — | 3.37% |
| Dec 31, 2012 | 6.84% | 23.70% | — | 8.76% | — | — | 5.07% |
| Dec 31, 2011 | 8.03% | 22.28% | — | 7.45% | — | — | 8.66% |
| Dec 31, 2010 | 6.36% | 18.64% | — | 9.57% | — | — | 7.26% |
| Dec 31, 2009 | 5.53% | 10.59% | — | 9.00% | — | — | 5.69% |
| Dec 31, 2008 | 7.21% | 12.22% | — | 13.71% | — | — | 9.61% |
| Dec 31, 2007 | 7.24% | 13.79% | — | 13.75% | — | — | 9.41% |
| Dec 31, 2006 | 6.45% | 11.56% | — | 12.88% | — | — | — |
| Dec 31, 2005 | 6.07% | 11.56% | — | 16.94% | — | — | — |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Roper Technologies Inc., ROA, long-term trends, comparison to sector (technology hardware & equipment)
| Roper Technologies Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2022 | 16.84% | 21.50% |
| Dec 31, 2021 | 4.86% | 18.83% |
| Dec 31, 2020 | 3.95% | 13.53% |
| Dec 31, 2019 | 9.76% | 11.76% |
| Dec 31, 2018 | 6.19% | 12.53% |
| Dec 31, 2017 | 6.79% | 11.43% |
| Dec 31, 2016 | 4.60% | 12.68% |
| Dec 31, 2015 | 6.85% | 15.39% |
| Dec 31, 2014 | 7.68% | 14.03% |
| Dec 31, 2013 | 6.58% | 15.23% |
| Dec 31, 2012 | 6.84% | 18.55% |
| Dec 31, 2011 | 8.03% | 15.91% |
| Dec 31, 2010 | 6.36% | 13.92% |
| Dec 31, 2009 | 5.53% | 9.70% |
| Dec 31, 2008 | 7.21% | 13.10% |
| Dec 31, 2007 | 7.24% | 13.75% |
| Dec 31, 2006 | 6.45% | 12.51% |
| Dec 31, 2005 | 6.07% | 15.57% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Roper Technologies Inc., ROA, long-term trends, comparison to industry (information technology)
| Roper Technologies Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 16.84% | 14.33% |
| Dec 31, 2021 | 4.86% | 14.52% |
| Dec 31, 2020 | 3.95% | 11.46% |
| Dec 31, 2019 | 9.76% | 11.67% |
| Dec 31, 2018 | 6.19% | 10.94% |
| Dec 31, 2017 | 6.79% | 9.00% |
| Dec 31, 2016 | 4.60% | 9.68% |
| Dec 31, 2015 | 6.85% | 11.51% |
| Dec 31, 2014 | 7.68% | 12.33% |
| Dec 31, 2013 | 6.58% | 13.22% |
| Dec 31, 2012 | 6.84% | 14.06% |
| Dec 31, 2011 | 8.03% | 15.11% |
| Dec 31, 2010 | 6.36% | 14.45% |
| Dec 31, 2009 | 5.53% | 10.04% |
| Dec 31, 2008 | 7.21% | 11.87% |
| Dec 31, 2007 | 7.24% | 11.93% |
| Dec 31, 2006 | 6.45% | 12.20% |
| Dec 31, 2005 | 6.07% | 12.71% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).