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Roper Technologies Inc. (NASDAQ:ROP)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

Roper Technologies Inc., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Net revenues1 ÷ Total assets1
Dec 31, 2022 0.20 = 5,371,800 ÷ 26,980,800
Dec 31, 2021 0.24 = 5,777,800 ÷ 23,713,900
Dec 31, 2020 0.23 = 5,527,100 ÷ 24,024,800
Dec 31, 2019 0.30 = 5,366,800 ÷ 18,108,900
Dec 31, 2018 0.34 = 5,191,200 ÷ 15,249,500
Dec 31, 2017 0.32 = 4,607,471 ÷ 14,316,413
Dec 31, 2016 0.26 = 3,789,925 ÷ 14,324,927
Dec 31, 2015 0.35 = 3,582,395 ÷ 10,168,365
Dec 31, 2014 0.42 = 3,549,494 ÷ 8,412,934
Dec 31, 2013 0.40 = 3,238,128 ÷ 8,184,981
Dec 31, 2012 0.42 = 2,993,489 ÷ 7,071,104
Dec 31, 2011 0.53 = 2,797,089 ÷ 5,319,417
Dec 31, 2010 0.47 = 2,386,112 ÷ 5,069,524
Dec 31, 2009 0.47 = 2,049,668 ÷ 4,327,736
Dec 31, 2008 0.58 = 2,306,371 ÷ 3,971,538
Dec 31, 2007 0.61 = 2,102,049 ÷ 3,453,184
Dec 31, 2006 0.57 = 1,700,734 ÷ 2,995,359
Dec 31, 2005 0.58 = 1,453,731 ÷ 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 substantial growth in both net revenues and total assets, although the rate of asset accumulation has significantly outpaced revenue growth. This divergence has resulted in a consistent long-term decline in the total asset turnover ratio.

Net Revenue Trends
Net revenues exhibited a general upward trend, increasing from 1.45 billion US dollars in 2005 to 5.37 billion US dollars in 2022. Growth remained largely consistent, with a notable exception in 2009 when revenues contracted, followed by a recovery and steady climb until a slight decline in 2022.
Total Asset Expansion
The asset base grew aggressively over the analyzed period, rising from 2.52 billion US dollars in 2005 to 26.98 billion US dollars in 2022. A significant acceleration in asset growth is observed after 2014, where the total assets expanded from 8.41 billion US dollars to over 26 billion US dollars in eight years, indicating a period of heavy investment or acquisition.
Total Asset Turnover Analysis
The total asset turnover ratio reflects a steady deterioration in asset efficiency. From 2005 to 2008, the ratio remained relatively stable, peaking at 0.61 in 2007. Subsequently, a persistent downward trend emerged, with the ratio dropping to 0.35 by 2015 and ultimately reaching 0.20 by 2022. This decline indicates that each dollar of assets is generating progressively less revenue, a direct consequence of assets growing at a much faster rate than net revenues.

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Comparison to Competitors

Roper Technologies Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Roper Technologies Inc. Apple Inc. Arista Networks Inc. Cisco Systems Inc. Dell Technologies Inc. Lumentum Holdings Inc. Super Micro Computer Inc.
Dec 31, 2022 0.20 1.12 0.65 0.55 1.09 0.41 1.62
Dec 31, 2021 0.24 1.04 0.51 0.51 0.76 0.49 1.59
Dec 31, 2020 0.23 0.85 0.49 0.52 0.78 0.51 1.74
Dec 31, 2019 0.30 0.77 0.58 0.53 0.81 0.58 2.08
Dec 31, 2018 0.34 0.73 0.70 0.45 — 0.79 1.90
Dec 31, 2017 0.32 0.61 0.67 0.37 — 0.81 1.64
Dec 31, 2016 0.26 0.67 0.65 0.40 — 1.24 1.90
Dec 31, 2015 0.35 0.80 0.72 0.43 — 1.63 1.83
Dec 31, 2014 0.42 0.79 0.72 0.45 — — 1.84
Dec 31, 2013 0.40 0.83 — 0.48 — — 1.84
Dec 31, 2012 0.42 0.89 — 0.50 — — 1.72
Dec 31, 2011 0.53 0.93 — 0.50 — — 2.03
Dec 31, 2010 0.47 0.87 — 0.49 — — 1.95
Dec 31, 2009 0.47 0.68 — 0.53 — — 1.79
Dec 31, 2008 0.58 0.82 — 0.67 — — 2.04
Dec 31, 2007 0.61 0.95 — 0.65 — — 2.04
Dec 31, 2006 0.57 1.12 — 0.66 — — —
Dec 31, 2005 0.58 1.21 — 0.73 — — —

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., total asset turnover, long-term trends, comparison to sector (technology hardware & equipment)

Microsoft Excel
Roper Technologies Inc. Technology Hardware & Equipment
Dec 31, 2022 0.20 1.01
Dec 31, 2021 0.24 0.89
Dec 31, 2020 0.23 0.77
Dec 31, 2019 0.30 0.74
Dec 31, 2018 0.34 0.67
Dec 31, 2017 0.32 0.55
Dec 31, 2016 0.26 0.60
Dec 31, 2015 0.35 0.70
Dec 31, 2014 0.42 0.69
Dec 31, 2013 0.40 0.71
Dec 31, 2012 0.42 0.76
Dec 31, 2011 0.53 0.75
Dec 31, 2010 0.47 0.68
Dec 31, 2009 0.47 0.60
Dec 31, 2008 0.58 0.74
Dec 31, 2007 0.61 0.75
Dec 31, 2006 0.57 0.79
Dec 31, 2005 0.58 0.85

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., total asset turnover, long-term trends, comparison to industry (information technology)

Microsoft Excel
Roper Technologies Inc. Information Technology
Dec 31, 2022 0.20 0.64
Dec 31, 2021 0.24 0.62
Dec 31, 2020 0.23 0.58
Dec 31, 2019 0.30 0.59
Dec 31, 2018 0.34 0.59
Dec 31, 2017 0.32 0.51
Dec 31, 2016 0.26 0.55
Dec 31, 2015 0.35 0.63
Dec 31, 2014 0.42 0.64
Dec 31, 2013 0.40 0.66
Dec 31, 2012 0.42 0.70
Dec 31, 2011 0.53 0.73
Dec 31, 2010 0.47 0.72
Dec 31, 2009 0.47 0.69
Dec 31, 2008 0.58 0.79
Dec 31, 2007 0.61 0.76
Dec 31, 2006 0.57 0.75
Dec 31, 2005 0.58 0.76

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).