Rockwell Automation Inc (ROK)
Current ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,881,200 | 3,922,800 | 4,114,200 | 4,135,900 | 4,910,800 | 4,401,100 | 4,101,000 | 3,859,500 | 3,610,700 | 3,492,300 | 3,284,900 | 3,132,300 | 3,063,400 | 3,286,200 | 2,969,500 | 2,932,100 | 2,685,800 | 2,942,500 | 2,758,200 | 3,007,500 |
| Total current liabilities | US$ in thousands | 3,603,900 | 3,789,400 | 3,703,000 | 3,310,900 | 3,365,300 | 3,922,100 | 3,794,200 | 3,746,700 | 3,572,200 | 3,281,200 | 3,027,600 | 2,914,100 | 2,992,200 | 2,456,300 | 2,139,800 | 2,188,600 | 1,810,800 | 2,242,100 | 1,762,000 | 2,067,500 |
| Current ratio | 1.08 | 1.04 | 1.11 | 1.25 | 1.46 | 1.12 | 1.08 | 1.03 | 1.01 | 1.06 | 1.08 | 1.07 | 1.02 | 1.34 | 1.39 | 1.34 | 1.48 | 1.31 | 1.57 | 1.45 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,881,200K ÷ $3,603,900K
= 1.08
The current ratio of Rockwell Automation Inc has fluctuated over the past 20 quarters. The ratio has ranged from a low of 1.01 to a high of 1.57, with the latest value reported at 1.08 as of September 30, 2024.
A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting that Rockwell Automation Inc is capable of covering its short-term obligations. However, a declining trend in the current ratio over time could indicate potential liquidity issues or inefficiencies in managing current assets and liabilities.
It is important for investors and stakeholders to assess the reasons behind these fluctuations in the current ratio to understand the company's financial health and management's ability to maintain short-term liquidity. Further analysis of Rockwell Automation Inc's financial statements and operational aspects may provide additional insights into the reasons behind these fluctuations.
Peer comparison
Sep 30, 2024