Analysis of Geographic Areas
Roper Technologies Inc. operates in 2 regions: United States and Non-U.S..
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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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Area Asset Turnover
Roper Technologies Inc., asset turnover by geographic area
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| United States | |||||
| Non-U.S. |
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 annual asset turnover ratios for the United States and non-U.S. geographic segments exhibit distinct trends over the five-year period ending in 2022.
- United States Asset Turnover Ratio
- The ratio shows a general declining trend from 29.75 in 2018 to 23.74 in 2022. There is a steady decrease from 29.75 in 2018 to 24.2 in 2020. Although there is a slight recovery to 26.63 in 2021, the ratio decreases again in 2022, reaching its lowest point in the period under review. This declining pattern suggests a gradual reduction in efficiency in using assets to generate revenue within the United States market during these years.
- Non-U.S. Asset Turnover Ratio
- In contrast, the non-U.S. segment shows an overall increasing trend in asset turnover throughout the same timeframe. Starting at 38.4 in 2018, the ratio experiences a minor dip in 2019 to 35.05, followed by a moderate recovery to 36.15 in 2020. The upward trend accelerates in 2021 and continues strongly in 2022 with values reaching 42.59 and 49.35 respectively. This indicates an improving efficiency in asset utilization outside the United States, reflecting potentially stronger operational performance or market conditions in international regions.
- Comparative Insights
- Throughout the period, the non-U.S. asset turnover ratio remains consistently higher than that of the United States, with the gap widening particularly after 2020. The contrasting trajectories highlight a divergence in operational efficiency between domestic and international segments, possibly driven by differing market dynamics, competitive environments, or strategic focuses.
Area Asset Turnover: United States
Roper Technologies Inc.; United States; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net revenues | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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).
1 2022 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= ÷ =
- Net Revenues
- The net revenues exhibited an overall upward trend from 2018 through 2021, increasing from approximately 4.32 billion US dollars in 2018 to about 4.75 billion US dollars in 2021. However, a slight decline was observed in 2022, with net revenues decreasing to approximately 4.67 billion US dollars, marking a reduction after a consistent period of growth.
- Long-lived Assets
- Long-lived assets demonstrated a generally increasing pattern throughout the period, starting at 145.2 million US dollars in 2018, rising to a peak of 191 million US dollars in 2020. This was followed by a dip in 2021 to 178.5 million US dollars, then another increase in 2022 to 196.5 million US dollars. The fluctuations suggest periods of asset acquisition and possible disposals or revaluations.
- Area Asset Turnover
- The area asset turnover ratio, measuring efficiency in using assets to generate revenue, showed a downward trend over the evaluated years. It decreased from a high of 29.75 in 2018 to 23.74 in 2022, with minor fluctuations during the period. This decline implies a reduction in how effectively long-lived assets are being utilized to generate revenue within the United States geographic area.
- Overall Insights
- The combination of rising long-lived assets alongside declining asset turnover suggests that asset growth may not be translating proportionally into revenue increases, particularly in the later years. Although net revenues increased from 2018 to 2021, the slight decline in 2022 coupled with reduced asset turnover efficiency indicates potential challenges in maximizing asset productivity. This warrants attention to asset management and utilization strategies to enhance revenue generation effectiveness.
Area Asset Turnover: Non-U.S.
Roper Technologies Inc.; Non-U.S.; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net revenues | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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).
1 2022 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= ÷ =
The analysis of the "Non-U.S." geographic area data over the five-year period from 2018 to 2022 reveals distinct trends across net revenues, long-lived assets, and area asset turnover.
- Net Revenues
- Net revenues showed a generally increasing trend from 2018 through 2021, rising from approximately $1,152 million in 2018 to $1,273.4 million in 2021. This represents steady growth over these four years. However, in 2022, net revenues experienced a significant decline to $843.8 million, marking a sharp reduction of roughly 33.7% compared to the previous year.
- Long-lived Assets
- Long-lived assets demonstrated a relatively stable level during the initial years between 2018 and 2020, fluctuating slightly around $30 million to $33.2 million. In 2021, these assets declined to $29.9 million and dropped further to $17.1 million in 2022. Overall, the data reflect a downward trend in long-lived asset holdings, with a notable reduction occurring in the last two years.
- Area Asset Turnover
- The area asset turnover ratio, which measures the efficiency of asset utilization, exhibited volatility but an overall upward trajectory. Starting at a high ratio of 38.4 in 2018, the ratio decreased to 35.05 in 2019 but then gradually increased each subsequent year, reaching 42.59 in 2021 and peaking at 49.35 in 2022. This indicates an improvement in generating revenues per unit of asset value, particularly pronounced in 2022 despite the revenue decline.
In summary, net revenues grew steadily through 2021 before a marked decrease in 2022. The long-lived asset base remained mostly stable initially but contracted significantly in the last two years. Meanwhile, the efficiency of asset use improved progressively, culminating in the highest asset turnover ratio in 2022, which suggests that although absolute revenues declined sharply that year, the company managed to generate more revenue per asset unit than in previous periods.
Net revenues
Roper Technologies Inc., net revenues by geographic area
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| United States | |||||
| Non-U.S. | |||||
| Eliminations | |||||
| Total |
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).
- United States Net Revenues
- The net revenues from the United States demonstrate a consistent upward trend from 2018 through 2021, increasing from $4,320,100 thousand in 2018 to a peak of $4,753,500 thousand in 2021. However, in 2022, there is a slight decline to $4,665,700 thousand, indicating a marginal decrease after several years of growth.
- Non-U.S. Net Revenues
- Non-U.S. revenues exhibit moderate growth from 2018 to 2021, rising from $1,152,000 thousand in 2018 to $1,273,400 thousand in 2021. In 2022, there is a significant drop to $843,800 thousand, representing a sharp contraction in international revenue streams, which suggests possible challenges in global markets or reduced foreign operations.
- Eliminations
- The eliminations, representing intercompany transactions or consolidation adjustments, show a decreasing absolute value over time, moving from -$280,900 thousand in 2018 to -$137,700 thousand in 2022. This reduction in eliminations may imply a lower volume of internal cross-border transactions or changes in reporting structures.
- Total Net Revenues
- Total net revenues increased steadily from $5,191,200 thousand in 2018 to reach a peak of $5,777,800 thousand in 2021. However, in 2022, total revenues decreased to $5,371,800 thousand, reflecting the combined effect of the decline in both the United States and especially non-U.S. segments.
- Overall Trends and Insights
- The data indicates sustained growth in revenues up to 2021 across geographic segments, with the U.S. market showing more stability than the international market. The sharp decline in non-U.S. revenues and reduced eliminations in 2022 contributed to a noticeable reduction in total net revenues. This suggests potential external factors affecting international sales or operational adjustments impacting revenue recognition from 2021 to 2022.
Long-lived assets
Roper Technologies Inc., long-lived assets by geographic area
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| United States | |||||
| Non-U.S. | |||||
| Total |
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 data reveals the trend in long-lived assets by geographic area over a five-year period. The analysis focuses on the United States and Non-U.S. regions, with a total amount provided for each year.
- United States
- The value of long-lived assets in the United States shows a generally upward trend from 2018 to 2022, increasing from $145.2 million in 2018 to $196.5 million in 2022. There is a steady increase from 2018 to 2020, peaking at $191.0 million in 2020, followed by a slight decrease in 2021 to $178.5 million. However, the value recovers and reaches its highest point in 2022. This indicates a consistent investment or asset holding growth over the period with minor fluctuations.
- Non-U.S.
- In contrast, the Non-U.S. long-lived assets show a downward trend overall. The value peaked in 2019 at $33.2 million, starting from $30.0 million in 2018. Subsequently, the amount remains relatively stable in 2020 but then declines notably in 2021 to $29.9 million and sharply decreases in 2022 to $17.1 million. This decline may suggest divestiture, asset disposals, or lower investment in international operations during the latter years.
- Total
- The total long-lived assets, aggregating both U.S. and Non-U.S. figures, follow a pattern influenced primarily by the U.S. asset trends. Total assets increase from $175.2 million in 2018 to a peak of $224.0 million in 2020, then decline to $208.4 million in 2021, with a slight increase to $213.6 million in 2022. The total asset values closely mirror the U.S. asset fluctuations due to the higher proportion contributed by the United States.
Overall, the data suggests a strategic focus on maintaining and increasing long-lived assets domestically while reducing exposure or assets held outside the United States over the examined period.