Stock Analysis on Net
Stock Analysis on Net

Roper Technologies Inc. (NASDAQ:ROP)

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

Analysis of Operating Leases

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An operating lease is treated like a rental contract. Neither the leased asset nor the associated liability is reported on the lessee balance sheet, but the rights may be very similar to the rights of an owner. The lessee only records the lease payments as a rental expense in income statement.

Adjustments to Financial Statements for Operating Leases

Roper Technologies Inc., adjustments to financial statements

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Adjustment to Total Assets
Total assets (as reported) 26,980,800 23,713,900 24,024,800 18,108,900 15,249,500
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 — — — — 251,977
Total assets (adjusted) 26,980,800 23,713,900 24,024,800 18,108,900 15,501,477
Adjustment to Total Debt
Total debt (as reported) 6,661,700 7,921,800 9,566,500 5,275,300 4,941,700
Add: Operating lease liability (before adoption of FASB Topic 842)2 — — — — 251,977
Add: Current operating lease liabilities 46,400 51,400 65,100 56,800 —
Add: Noncurrent operating lease liabilities (included in Other liabilities) 164,200 180,900 219,200 220,000 —
Total debt (adjusted) 6,872,300 8,154,100 9,850,800 5,552,100 5,193,677

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, 2 Equal to total present value of future operating lease payments.

Roper Technologies Inc., Financial Data: Reported vs. Adjusted

Adjusted Financial Ratios for Operating Leases (Summary)

Roper Technologies Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Total Asset Turnover1
Reported total asset turnover 0.20 0.24 0.23 0.30 0.34
Adjusted total asset turnover 0.20 0.24 0.23 0.30 0.33
Debt to Equity2
Reported debt to equity 0.42 0.69 0.91 0.56 0.64
Adjusted debt to equity 0.43 0.71 0.94 0.58 0.67
Return on Assets3 (ROA)
Reported ROA 16.84% 4.86% 3.95% 9.76% 6.19%
Adjusted ROA 16.84% 4.86% 3.95% 9.76% 6.09%

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 See details »

2 See details »

3 See details »

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Roper Technologies Inc. adjusted total asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted debt to equity A solvency ratio calculated as adjusted total debt divided by total shareholders’ equity. Roper Technologies Inc. adjusted debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted ROA A profitability ratio calculated as net income divided by adjusted total assets. Roper Technologies Inc. adjusted ROA improved from 2020 to 2021 and from 2021 to 2022.

Roper Technologies Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net revenues 5,371,800 5,777,800 5,527,100 5,366,800 5,191,200
Total assets 26,980,800 23,713,900 24,024,800 18,108,900 15,249,500
Activity Ratio
Total asset turnover1 0.20 0.24 0.23 0.30 0.34
Adjusted for Operating Leases
Selected Financial Data (US$ in thousands)
Net revenues 5,371,800 5,777,800 5,527,100 5,366,800 5,191,200
Adjusted total assets 26,980,800 23,713,900 24,024,800 18,108,900 15,501,477
Activity Ratio
Adjusted total asset turnover2 0.20 0.24 0.23 0.30 0.33

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).

2022 Calculations

1 Total asset turnover = Net revenues ÷ Total assets
= 5,371,800 ÷ 26,980,800 = 0.20

2 Adjusted total asset turnover = Net revenues ÷ Adjusted total assets
= 5,371,800 ÷ 26,980,800 = 0.20

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Roper Technologies Inc. adjusted total asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Total debt 6,661,700 7,921,800 9,566,500 5,275,300 4,941,700
Stockholders’ equity 16,037,800 11,563,800 10,479,800 9,491,900 7,738,500
Solvency Ratio
Debt to equity1 0.42 0.69 0.91 0.56 0.64
Adjusted for Operating Leases
Selected Financial Data (US$ in thousands)
Adjusted total debt 6,872,300 8,154,100 9,850,800 5,552,100 5,193,677
Stockholders’ equity 16,037,800 11,563,800 10,479,800 9,491,900 7,738,500
Solvency Ratio
Adjusted debt to equity2 0.43 0.71 0.94 0.58 0.67

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).

2022 Calculations

1 Debt to equity = Total debt ÷ Stockholders’ equity
= 6,661,700 ÷ 16,037,800 = 0.42

2 Adjusted debt to equity = Adjusted total debt ÷ Stockholders’ equity
= 6,872,300 ÷ 16,037,800 = 0.43

Solvency ratio Description The company
Adjusted debt-to-equity A solvency ratio calculated as adjusted total debt divided by total shareholders’ equity. Roper Technologies Inc. adjusted debt-to-equity ratio improved from 2020 to 2021 and from 2021 to 2022.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Selected Financial Data (US$ in thousands)
Net earnings 4,544,700 1,152,600 949,700 1,767,900 944,400
Total assets 26,980,800 23,713,900 24,024,800 18,108,900 15,249,500
Profitability Ratio
ROA1 16.84% 4.86% 3.95% 9.76% 6.19%
Adjusted for Operating Leases
Selected Financial Data (US$ in thousands)
Net earnings 4,544,700 1,152,600 949,700 1,767,900 944,400
Adjusted total assets 26,980,800 23,713,900 24,024,800 18,108,900 15,501,477
Profitability Ratio
Adjusted ROA2 16.84% 4.86% 3.95% 9.76% 6.09%

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).

2022 Calculations

1 ROA = 100 × Net earnings ÷ Total assets
= 100 × 4,544,700 ÷ 26,980,800 = 16.84%

2 Adjusted ROA = 100 × Net earnings ÷ Adjusted total assets
= 100 × 4,544,700 ÷ 26,980,800 = 16.84%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as net income divided by adjusted total assets. Roper Technologies Inc. adjusted ROA improved from 2020 to 2021 and from 2021 to 2022.