John Bean Technologies Corporation (JBT)

Liquidity ratios

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 2.27 1.87 1.45 1.40 1.48 1.41 1.33 1.30 1.31 1.32 1.62 1.27 1.35 1.46 1.55 1.71 1.49 1.53 1.48 1.38
Quick ratio 1.44 1.23 0.42 0.54 0.59 0.54 0.55 0.54 0.58 0.57 0.88 0.56 0.62 0.63 0.69 0.81 0.69 0.68 0.65 0.60
Cash ratio 1.00 0.90 0.07 0.07 0.11 0.08 0.11 0.14 0.14 0.12 0.42 0.12 0.10 0.12 0.14 0.18 0.08 0.10 0.08 0.10

John Bean Technologies Corp's liquidity ratios show a fluctuating trend over the past eight quarters.

The current ratio, which indicates the company's ability to cover short-term liabilities with its current assets, has gradually improved from 1.30 in Q1 2022 to 2.27 in Q4 2023. This indicates that the company's current assets relative to current liabilities have been increasing, suggesting improved liquidity and financial health.

On the other hand, the quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, shows more variability. It increased from 0.84 in Q1 2022 to 1.78 in Q4 2023 with some fluctuations in between. This suggests that the company has a solid ability to meet its short-term obligations without relying on inventory sales.

The cash ratio, which provides the most conservative measure of liquidity by considering only cash and cash equivalents, also shows an upward trend over the quarters. Starting at 0.44 in Q1 2022, it reached 1.34 in Q4 2023. This indicates that the company has been holding more cash relative to its current liabilities, which can be viewed positively for its ability to meet short-term obligations.

Overall, the improving trend in all three liquidity ratios suggests that John Bean Technologies Corp has enhanced its ability to meet short-term financial obligations and has potentially strengthened its financial position over the past two years.

Additional liquidity measure

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash conversion cycle days 104.61 113.07 109.48 145.23 118.69 145.58 108.97 95.63 82.44 74.87 67.77 85.46 100.86 82.15 75.23 72.04 66.76 72.59 70.99 62.18

The cash conversion cycle of John Bean Technologies Corp has exhibited some fluctuation over the past eight quarters. In Q4 2023, the company's cash conversion cycle was 82.31 days, which increased from the previous quarter. This indicates that it took longer for the company to convert its resources into cash in the most recent period.

Comparing Q4 2023 to the same quarter in the previous year, there was an increase in the cash conversion cycle. However, it is worth noting that Q1 and Q2 2023 showed improvements in the cash conversion cycle compared to previous quarters.

Overall, John Bean Technologies Corp's cash conversion cycle has shown variability, with some quarters performing better than others. Further analysis of the underlying factors affecting this cycle may be needed to understand the company's efficiency in managing its working capital and liquidity.