Rockwell Automation Inc (ROK)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 1,018,400 | 788,800 | 780,000 |
| Short-term investments | US$ in thousands | 600 | 600 | 600 | 600 | 12,400 | 12,600 | 6,200 | 6,400 | 600 | 600 | 600 | 600 | 700 | 600 | 600 | 600 | 600 | 39,600 | 124,600 | 122,200 |
| Receivables | US$ in thousands | 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 | 1,178,700 | 1,222,600 | 1,244,400 |
| 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 |
| Quick ratio | 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 | 1.15 | 1.09 | 1.15 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($439,500K
+ $600K
+ $1,934,900K)
÷ $3,310,900K
= 0.72
The quick ratio of Rockwell Automation Inc has fluctuated over the past eight quarters. It was 0.80 as of December 31, 2023, indicating that the company had $0.80 of liquid assets available to cover each dollar of current liabilities. This could be attributed to a decrease in cash or a rise in current liabilities. The quick ratio was 1.04 as of September 30, 2023, reflecting a better liquidity position compared to the previous quarter. However, it decreased to 0.76 and 0.73 in the subsequent quarters of June 30, 2023, and March 31, 2023, respectively, indicating a potential strain on the company's ability to meet its short-term obligations. The quick ratio then further declined to 0.69 as of December 31, 2022, before showing a slight improvement in the following quarters. Overall, the fluctuation in the quick ratio suggests varying levels of liquidity and ability to meet short-term obligations over the period analyzed.
Peer comparison
Dec 31, 2023