Roper Technologies (BSP:R1OP34) Inventory Turnover : 4.12 (As of Mar. 2024)

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What is Roper Technologies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Roper Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was R$2,488 Mil. Roper Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was R$604 Mil. Roper Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Roper Technologies's Days Inventory for the three months ended in Mar. 2024 was 22.16.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Roper Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Roper Technologies Inventory Turnover Historical Data

The historical data trend for Roper Technologies's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Roper Technologies Inventory Turnover Chart

Roper Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.38

7.38

13.00

17.42

15.74

Roper Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.97	3.84	3.92	4.03	4.12

Roper Technologies Inventory Turnover Calculation

Roper Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	9165.565	/ (	(583.813	+	581.116)	/	2 )
=	9165.565	/	582.4645
=	15.74

Roper Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2488.406	/ (	(581.116	+	627.455)	/	2 )
=	2488.406	/	604.2855
=	4.12

Roper Technologies (BSP:R1OP34) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Roper Technologies's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	604.2855	/	2488.406	*	365 / 4
	=	22.16

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Roper Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	604.2855	/	8369.55
	=	0.07

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Roper Technologies Inventory Turnover Related Terms

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Roper Technologies (BSP:R1OP34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Roper Technologies Inc (BSP:R1OP34) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ROP:USA EG:Mexico ROP:Germany

Address

6901 Professional Parkway East, Suite 200, Sarasota, FL, USA, 34240

Website

https://www.ropertech.com

Roper is a diversified technology company that operates through three segments: application software; network software and systems; and technology enabled products. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.

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