Rockwell Automation Inc (ROK)
Current ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 2,985,700 | 2,945,800 | 2,976,800 |
| Total current liabilities | US$ in thousands | 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 | 1,936,800 | 1,952,500 | 1,871,900 |
| Current ratio | 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 | 1.54 | 1.51 | 1.59 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,135,900K ÷ $3,310,900K
= 1.25
The current ratio measures a company's ability to meet its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger ability to cover short-term obligations. Rockwell Automation Inc's current ratio has fluctuated over the past eight quarters, with a noticeable improvement in the most recent quarter compared to the same quarter a year ago. At 1.25 as of December 31, 2023, the company's current assets were 1.25 times its current liabilities, suggesting a relatively comfortable position to meet its short-term obligations. The upward trend in the current ratio indicates improved liquidity, which can potentially enhance the company's financial flexibility. However, it would be prudent to monitor future changes in the current ratio to assess the company's ongoing ability to manage short-term liabilities.
Peer comparison
Dec 31, 2023