CH Robinson Worldwide Inc (CHRW)
Liquidity ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.28 | 1.49 | 1.42 | 1.37 | 1.40 | 1.12 | 1.11 | 1.10 | 1.08 | 1.32 | 1.48 | 1.49 | 1.44 | 1.36 | 1.44 | 1.48 | 1.60 | 1.62 | 1.56 | 1.44 |
| Quick ratio | 0.06 | 0.06 | 0.05 | 0.05 | 0.07 | 0.07 | 0.08 | 0.08 | 0.07 | 0.06 | 0.07 | 0.07 | 0.08 | 0.06 | 0.80 | 0.91 | 1.15 | 1.21 | 0.22 | 0.16 |
| Cash ratio | 0.06 | 0.06 | 0.05 | 0.05 | 0.07 | 0.07 | 0.08 | 0.08 | 0.07 | 0.06 | 0.07 | 0.07 | 0.08 | 0.06 | 0.80 | 0.91 | 1.15 | 1.21 | 0.22 | 0.16 |
CH Robinson Worldwide Inc's liquidity ratios indicate its ability to meet its short-term obligations.
1. Current Ratio: The company's current ratio has fluctuated over the years, ranging from a low of 1.08 to a high of 1.62. A current ratio above 1 generally indicates that the company has more current assets than current liabilities, which suggests it can cover its short-term obligations. The current ratio has shown some variability, indicating potential changes in the company's liquidity position.
2. Quick Ratio: The quick ratio, which excludes inventory from current assets, gives a more conservative measure of liquidity. CH Robinson's quick ratio has also exhibited fluctuations, with values as low as 0.05 and as high as 1.21. A quick ratio above 1 is generally considered healthy, as it suggests the company has an adequate level of liquid assets to cover its short-term liabilities without relying on inventory sales.
3. Cash Ratio: The cash ratio, a more stringent measure of liquidity that considers only cash and cash equivalents, has shown a similar trend to the quick ratio. Values have ranged from 0.05 to 1.21, with fluctuations over time. A higher cash ratio indicates a greater ability to cover short-term obligations solely with cash on hand.
In general, while CH Robinson's liquidity ratios have shown some volatility, the company has maintained current, quick, and cash ratios above 1 for most periods, indicating a generally healthy liquidity position. However, the fluctuations in these ratios can indicate changes in the company's ability to meet short-term obligations, highlighting the importance of ongoing monitoring of liquidity levels.
Additional liquidity measure
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
The cash conversion cycle for CH Robinson Worldwide Inc has consistently remained at 0.00 days over the past several quarters, indicating that the company is effectively managing its working capital. A cash conversion cycle of 0.00 days suggests that the company is able to convert its investments in inventory into cash quickly and efficiently, without significant delays in collecting receivables or paying off payables. This efficient management of the cash conversion cycle is a positive sign of the company's liquidity and operational efficiency.