Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Roper Technologies Inc., long-term (investment) activity ratios
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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Roper Technologies Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Roper Technologies Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Roper Technologies Inc. total asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Roper Technologies Inc. equity turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover
Roper Technologies Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net revenues | 5,371,800) | 5,777,800) | 5,527,100) | 5,366,800) | 5,191,200) | |
| Property, plant and equipment, net | 85,300) | 102,800) | 140,600) | 139,900) | 128,700) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 62.98 | 56.20 | 39.31 | 38.36 | 40.34 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Apple Inc. | 9.36 | 9.28 | 7.47 | 6.96 | — | |
| Arista Networks Inc. | 46.11 | 37.49 | 71.90 | 61.38 | — | |
| Cisco Systems Inc. | 25.82 | 21.31 | 20.10 | 18.61 | — | |
| Super Micro Computer Inc. | 18.17 | 12.95 | 14.28 | 16.88 | 17.09 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Technology Hardware & Equipment | 10.24 | 10.02 | 8.34 | 7.87 | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Information Technology | 4.14 | 4.45 | 4.24 | 4.29 | — | |
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
Net fixed asset turnover = Net revenues ÷ Property, plant and equipment, net
= 5,371,800 ÷ 85,300 = 62.98
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Roper Technologies Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Roper Technologies Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net revenues | 5,371,800) | 5,777,800) | 5,527,100) | 5,366,800) | 5,191,200) | |
| Property, plant and equipment, net | 85,300) | 102,800) | 140,600) | 139,900) | 128,700) | |
| Operating lease ROU assets (included in Other assets) | 196,100) | 221,000) | 265,000) | 266,900) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 281,400) | 323,800) | 405,600) | 406,800) | 128,700) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 19.09 | 17.84 | 13.63 | 13.19 | 40.34 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Apple Inc. | 7.51 | 7.39 | 6.06 | 6.96 | — | |
| Arista Networks Inc. | 29.52 | 20.50 | 21.16 | 18.98 | — | |
| Cisco Systems Inc. | 17.19 | 14.51 | 14.61 | 18.61 | — | |
| Super Micro Computer Inc. | 16.78 | 12.07 | 12.96 | 16.88 | 17.09 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Technology Hardware & Equipment | 8.13 | 7.91 | 6.71 | 7.85 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Information Technology | 3.59 | 3.79 | 3.60 | 4.00 | — | |
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
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 5,371,800 ÷ 281,400 = 19.09
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Roper Technologies Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022. |
Total Asset Turnover
Roper Technologies Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| 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) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.20 | 0.24 | 0.23 | 0.30 | 0.34 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Apple Inc. | 1.12 | 1.04 | 0.85 | 0.77 | — | |
| Arista Networks Inc. | 0.65 | 0.51 | 0.49 | 0.58 | — | |
| Cisco Systems Inc. | 0.55 | 0.51 | 0.52 | 0.53 | — | |
| Super Micro Computer Inc. | 1.62 | 1.59 | 1.74 | 2.08 | 1.90 | |
| Total Asset Turnover, Sector | ||||||
| Technology Hardware & Equipment | 1.00 | 0.92 | 0.77 | 0.72 | — | |
| Total Asset Turnover, Industry | ||||||
| Information Technology | 0.63 | 0.61 | 0.57 | 0.58 | — | |
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
Total asset turnover = Net revenues ÷ Total assets
= 5,371,800 ÷ 26,980,800 = 0.20
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Roper Technologies Inc. total asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Equity Turnover
Roper Technologies Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net revenues | 5,371,800) | 5,777,800) | 5,527,100) | 5,366,800) | 5,191,200) | |
| Stockholders’ equity | 16,037,800) | 11,563,800) | 10,479,800) | 9,491,900) | 7,738,500) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.33 | 0.50 | 0.53 | 0.57 | 0.67 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Apple Inc. | 7.78 | 5.80 | 4.20 | 2.88 | — | |
| Arista Networks Inc. | 0.90 | 0.74 | 0.70 | 0.83 | — | |
| Cisco Systems Inc. | 1.30 | 1.21 | 1.30 | 1.55 | — | |
| Super Micro Computer Inc. | 3.64 | 3.25 | 3.13 | 3.72 | 3.98 | |
| Equity Turnover, Sector | ||||||
| Technology Hardware & Equipment | 4.71 | 3.86 | 3.06 | 2.49 | — | |
| Equity Turnover, Industry | ||||||
| Information Technology | 1.60 | 1.66 | 1.64 | 1.65 | — | |
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
Equity turnover = Net revenues ÷ Stockholders’ equity
= 5,371,800 ÷ 16,037,800 = 0.33
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Roper Technologies Inc. equity turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |