Rockwell Automation Inc (ROK)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 471,000 | 406,700 | 470,300 | 439,500 | 1,071,800 | 443,500 | 456,000 | 460,000 | 490,700 | 482,900 | 443,000 | 540,000 | 662,200 | 913,800 | 641,900 | 730,400 | 704,600 | 909,800 | 641,800 | 926,200 |
| Short-term investments | US$ in thousands | 300 | 300 | 200 | 600 | 600 | 600 | 600 | 12,400 | 12,600 | 6,200 | 6,400 | 600 | 600 | 600 | 600 | 700 | 600 | 600 | 600 | 600 |
| Receivables | US$ in thousands | 1,802,000 | 1,875,100 | 1,960,200 | 1,934,900 | 2,167,400 | 2,245,000 | 2,045,600 | 1,839,400 | 1,736,700 | 1,702,200 | 1,572,500 | 1,487,400 | 1,424,500 | 1,431,100 | 1,458,700 | 1,379,000 | 1,249,100 | 1,202,100 | 1,301,100 | 1,298,100 |
| 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 |
| Quick ratio | 0.63 | 0.60 | 0.66 | 0.72 | 0.96 | 0.69 | 0.66 | 0.62 | 0.63 | 0.67 | 0.67 | 0.70 | 0.70 | 0.95 | 0.98 | 0.96 | 1.08 | 0.94 | 1.10 | 1.08 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($471,000K
+ $300K
+ $1,802,000K)
÷ $3,603,900K
= 0.63
The quick ratio of Rockwell Automation Inc has shown some fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
Looking at the data provided, we see that the quick ratio has been below 1 for most of the quarters, indicating that Rockwell Automation Inc has had challenges in meeting its short-term obligations using its quick assets. The ratio reached its lowest point of 0.60 in Jun 30, 2024, and its highest point of 1.10 in Jun 30, 2020.
The trend in the quick ratio over the quarters suggests some volatility, with fluctuations in the company's ability to cover its short-term liabilities with its liquid assets. It's important for investors and analysts to monitor this ratio closely to assess the company's liquidity position and its ability to weather any financial challenges in the short term.
Peer comparison
Sep 30, 2024