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.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Roper Technologies Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Sep 30, 2023 17.16% = 10.37% × 1.65
Jun 30, 2023 17.34% = 10.57% × 1.64
Mar 31, 2023 17.19% = 10.35% × 1.66
Dec 31, 2022 28.34% = 16.84% × 1.68
Sep 30, 2022 20.96% = 11.90% × 1.76
Jun 30, 2022 20.88% = 11.31% × 1.85
Mar 31, 2022 21.28% = 11.25% × 1.89
Dec 31, 2021 9.97% = 4.86% × 2.05
Sep 30, 2021 9.88% = 4.72% × 2.09
Jun 30, 2021 9.61% = 4.47% × 2.15
Mar 31, 2021 9.27% = 4.18% × 2.22
Dec 31, 2020 9.06% = 3.95% × 2.29
Sep 30, 2020 15.40% = 6.62% × 2.33
Jun 30, 2020 16.28% = 8.40% × 1.94
Mar 31, 2020 17.08% = 9.03% × 1.89
Dec 31, 2019 18.63% = 9.76% × 1.91
Sep 30, 2019 13.46% = 6.48% × 2.08
Jun 30, 2019 13.46% = 7.07% × 1.90
Mar 31, 2019 13.55% = 7.15% × 1.89
Dec 31, 2018 12.20% = 6.19% × 1.97
Sep 30, 2018 — = — × 2.02
Jun 30, 2018 — = — × 2.10
Mar 31, 2018 — = — × 1.97

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2023 is the decrease in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Roper Technologies Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Sep 30, 2023 17.16% = 48.77% × 0.21 × 1.65
Jun 30, 2023 17.34% = 50.21% × 0.21 × 1.64
Mar 31, 2023 17.19% = 50.48% × 0.20 × 1.66
Dec 31, 2022 28.34% = 84.60% × 0.20 × 1.68
Sep 30, 2022 20.96% = 53.25% × 0.22 × 1.76
Jun 30, 2022 20.88% = 51.50% × 0.22 × 1.85
Mar 31, 2022 21.28% = 50.76% × 0.22 × 1.89
Dec 31, 2021 9.97% = 19.95% × 0.24 × 2.05
Sep 30, 2021 9.88% = 19.42% × 0.24 × 2.09
Jun 30, 2021 9.61% = 18.78% × 0.24 × 2.15
Mar 31, 2021 9.27% = 17.98% × 0.23 × 2.22
Dec 31, 2020 9.06% = 17.18% × 0.23 × 2.29
Sep 30, 2020 15.40% = 28.89% × 0.23 × 2.33
Jun 30, 2020 16.28% = 29.75% × 0.28 × 1.94
Mar 31, 2020 17.08% = 30.18% × 0.30 × 1.89
Dec 31, 2019 18.63% = 32.94% × 0.30 × 1.91
Sep 30, 2019 13.46% = 21.58% × 0.30 × 2.08
Jun 30, 2019 13.46% = 21.16% × 0.33 × 1.90
Mar 31, 2019 13.55% = 20.90% × 0.34 × 1.89
Dec 31, 2018 12.20% = 18.19% × 0.34 × 1.97
Sep 30, 2018 — = — × — × 2.02
Jun 30, 2018 — = — × — × 2.10
Mar 31, 2018 — = — × — × 1.97

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2023 is the decrease in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Roper Technologies Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Sep 30, 2023 17.16% = 0.90 × 0.95 × 57.19% × 0.21 × 1.65
Jun 30, 2023 17.34% = 0.90 × 0.95 × 58.61% × 0.21 × 1.64
Mar 31, 2023 17.19% = 0.90 × 0.95 × 59.19% × 0.20 × 1.66
Dec 31, 2022 28.34% = 0.94 × 0.96 × 93.70% × 0.20 × 1.68
Sep 30, 2022 20.96% = 0.91 × 0.94 × 62.24% × 0.22 × 1.76
Jun 30, 2022 20.88% = 0.91 × 0.94 × 60.71% × 0.22 × 1.85
Mar 31, 2022 21.28% = 0.91 × 0.93 × 59.71% × 0.22 × 1.89
Dec 31, 2021 9.97% = 0.80 × 0.86 × 28.99% × 0.24 × 2.05
Sep 30, 2021 9.88% = 0.79 × 0.85 × 28.63% × 0.24 × 2.09
Jun 30, 2021 9.61% = 0.80 × 0.84 × 27.96% × 0.24 × 2.15
Mar 31, 2021 9.27% = 0.79 × 0.84 × 27.00% × 0.23 × 2.22
Dec 31, 2020 9.06% = 0.79 × 0.85 × 25.84% × 0.23 × 2.29
Sep 30, 2020 15.40% = 0.77 × 0.91 × 41.43% × 0.23 × 2.33
Jun 30, 2020 16.28% = 0.78 × 0.92 × 41.91% × 0.28 × 1.94
Mar 31, 2020 17.08% = 0.78 × 0.92 × 42.38% × 0.30 × 1.89
Dec 31, 2019 18.63% = 0.79 × 0.92 × 44.98% × 0.30 × 1.91
Sep 30, 2019 13.46% = 0.83 × 0.88 × 29.59% × 0.30 × 2.08
Jun 30, 2019 13.46% = 0.82 × 0.88 × 29.28% × 0.33 × 1.90
Mar 31, 2019 13.55% = 0.81 × 0.88 × 29.28% × 0.34 × 1.89
Dec 31, 2018 12.20% = 0.79 × 0.87 × 26.59% × 0.34 × 1.97
Sep 30, 2018 — = — × — × — × — × 2.02
Jun 30, 2018 — = — × — × — × — × 2.10
Mar 31, 2018 — = — × — × — × — × 1.97

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2023 is the decrease in operating profitability measured by EBIT margin ratio.

Two-Component Disaggregation of ROA

Roper Technologies Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Sep 30, 2023 10.37% = 48.77% × 0.21
Jun 30, 2023 10.57% = 50.21% × 0.21
Mar 31, 2023 10.35% = 50.48% × 0.20
Dec 31, 2022 16.84% = 84.60% × 0.20
Sep 30, 2022 11.90% = 53.25% × 0.22
Jun 30, 2022 11.31% = 51.50% × 0.22
Mar 31, 2022 11.25% = 50.76% × 0.22
Dec 31, 2021 4.86% = 19.95% × 0.24
Sep 30, 2021 4.72% = 19.42% × 0.24
Jun 30, 2021 4.47% = 18.78% × 0.24
Mar 31, 2021 4.18% = 17.98% × 0.23
Dec 31, 2020 3.95% = 17.18% × 0.23
Sep 30, 2020 6.62% = 28.89% × 0.23
Jun 30, 2020 8.40% = 29.75% × 0.28
Mar 31, 2020 9.03% = 30.18% × 0.30
Dec 31, 2019 9.76% = 32.94% × 0.30
Sep 30, 2019 6.48% = 21.58% × 0.30
Jun 30, 2019 7.07% = 21.16% × 0.33
Mar 31, 2019 7.15% = 20.90% × 0.34
Dec 31, 2018 6.19% = 18.19% × 0.34
Sep 30, 2018 — = — × —
Jun 30, 2018 — = — × —
Mar 31, 2018 — = — × —

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q3 2023 is the decrease in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Roper Technologies Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Sep 30, 2023 10.37% = 0.90 × 0.95 × 57.19% × 0.21
Jun 30, 2023 10.57% = 0.90 × 0.95 × 58.61% × 0.21
Mar 31, 2023 10.35% = 0.90 × 0.95 × 59.19% × 0.20
Dec 31, 2022 16.84% = 0.94 × 0.96 × 93.70% × 0.20
Sep 30, 2022 11.90% = 0.91 × 0.94 × 62.24% × 0.22
Jun 30, 2022 11.31% = 0.91 × 0.94 × 60.71% × 0.22
Mar 31, 2022 11.25% = 0.91 × 0.93 × 59.71% × 0.22
Dec 31, 2021 4.86% = 0.80 × 0.86 × 28.99% × 0.24
Sep 30, 2021 4.72% = 0.79 × 0.85 × 28.63% × 0.24
Jun 30, 2021 4.47% = 0.80 × 0.84 × 27.96% × 0.24
Mar 31, 2021 4.18% = 0.79 × 0.84 × 27.00% × 0.23
Dec 31, 2020 3.95% = 0.79 × 0.85 × 25.84% × 0.23
Sep 30, 2020 6.62% = 0.77 × 0.91 × 41.43% × 0.23
Jun 30, 2020 8.40% = 0.78 × 0.92 × 41.91% × 0.28
Mar 31, 2020 9.03% = 0.78 × 0.92 × 42.38% × 0.30
Dec 31, 2019 9.76% = 0.79 × 0.92 × 44.98% × 0.30
Sep 30, 2019 6.48% = 0.83 × 0.88 × 29.59% × 0.30
Jun 30, 2019 7.07% = 0.82 × 0.88 × 29.28% × 0.33
Mar 31, 2019 7.15% = 0.81 × 0.88 × 29.28% × 0.34
Dec 31, 2018 6.19% = 0.79 × 0.87 × 26.59% × 0.34
Sep 30, 2018 — = — × — × — × —
Jun 30, 2018 — = — × — × — × —
Mar 31, 2018 — = — × — × — × —

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q3 2023 is the decrease in operating profitability measured by EBIT margin ratio.

Disaggregation of Net Profit Margin

Roper Technologies Inc., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Sep 30, 2023 48.77% = 0.90 × 0.95 × 57.19%
Jun 30, 2023 50.21% = 0.90 × 0.95 × 58.61%
Mar 31, 2023 50.48% = 0.90 × 0.95 × 59.19%
Dec 31, 2022 84.60% = 0.94 × 0.96 × 93.70%
Sep 30, 2022 53.25% = 0.91 × 0.94 × 62.24%
Jun 30, 2022 51.50% = 0.91 × 0.94 × 60.71%
Mar 31, 2022 50.76% = 0.91 × 0.93 × 59.71%
Dec 31, 2021 19.95% = 0.80 × 0.86 × 28.99%
Sep 30, 2021 19.42% = 0.79 × 0.85 × 28.63%
Jun 30, 2021 18.78% = 0.80 × 0.84 × 27.96%
Mar 31, 2021 17.98% = 0.79 × 0.84 × 27.00%
Dec 31, 2020 17.18% = 0.79 × 0.85 × 25.84%
Sep 30, 2020 28.89% = 0.77 × 0.91 × 41.43%
Jun 30, 2020 29.75% = 0.78 × 0.92 × 41.91%
Mar 31, 2020 30.18% = 0.78 × 0.92 × 42.38%
Dec 31, 2019 32.94% = 0.79 × 0.92 × 44.98%
Sep 30, 2019 21.58% = 0.83 × 0.88 × 29.59%
Jun 30, 2019 21.16% = 0.82 × 0.88 × 29.28%
Mar 31, 2019 20.90% = 0.81 × 0.88 × 29.28%
Dec 31, 2018 18.19% = 0.79 × 0.87 × 26.59%
Sep 30, 2018 — = — × — × —
Jun 30, 2018 — = — × — × —
Mar 31, 2018 — = — × — × —

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in net profit margin ratio over Q3 2023 is the decrease in operating profitability measured by EBIT margin ratio.