Roper Technologies (FRA:ROP) Days Payable : 26.33 (As of Dec. 2023)

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What is Roper Technologies Days Payable?

Roper Technologies's average Accounts Payable for the three months ended in Dec. 2023 was €129 Mil. Roper Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was €448 Mil. Hence, Roper Technologies's Days Payable for the three months ended in Dec. 2023 was 26.33.

The historical rank and industry rank for Roper Technologies's Days Payable or its related term are showing as below:

FRA:ROP' s Days Payable Range Over the Past 10 Years
Min: 24.9 Med: 35.17 Max: 44.18
Current: 26.4

During the past 13 years, Roper Technologies's highest Days Payable was 44.18. The lowest was 24.90. And the median was 35.17.

FRA:ROP's Days Payable is ranked worse than
71.82% of 2523 companies
in the Software industry
Industry Median: 51.26 vs FRA:ROP: 26.40

Roper Technologies's Days Payable declined from Dec. 2022 (26.85) to Dec. 2023 (26.33). It may suggest that Roper Technologies accelerated paying its suppliers.

Roper Technologies Days Payable Historical Data

The historical data trend for Roper Technologies's Days Payable 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 Days Payable Chart

Roper Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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37.18

46.53

27.68

24.21

26.26

Roper Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															26.85	26.09	27.20	26.84	26.33

Competitive Comparison of Roper Technologies's Days Payable

For the Software - Application subindustry, Roper Technologies's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Roper Technologies's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Roper Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Roper Technologies's Days Payable falls into.

Roper Technologies Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (115.734	+	131.131)	/	2 )	/	1715.341	*	365
=	123.4325					/	1715.341	*	365
=	26.26

Roper Technologies's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (127.245	+	131.131)	/	2 )	/	447.771	*	365 / 4
=	129.188					/	447.771	*	365 / 4
=	26.33

Roper Technologies Days Payable Related Terms

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Roper Technologies (FRA:ROP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Roper Technologies Inc (FRA:ROP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ROP:USA EG:Mexico R1OP34:Brazil

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.