Roper Technologies Inc. Common Stock (ROP)

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	1,481,400	1,504,500	2,606,100	2,232,200	1,932,400	3,991,400	4,992,000	4,485,600	2,421,100	2,375,200	1,796,700	1,739,400	1,752,300	1,706,200	3,179,200	2,273,400	1,999,500	1,619,400	1,602,300	1,586,000
Total current liabilities	US$ in thousands	2,963,200	2,812,700	2,763,900	2,775,400	2,892,500	2,840,400	3,166,100	3,501,800	3,121,800	2,861,100	2,503,100	2,462,900	2,444,400	2,339,900	2,498,600	2,366,100	2,397,400	1,500,900	1,443,200	1,444,700
Current ratio		0.50	0.53	0.94	0.80	0.67	1.41	1.58	1.28	0.78	0.83	0.72	0.71	0.72	0.73	1.27	0.96	0.83	1.08	1.11	1.10

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,481,400K ÷ $2,963,200K
= 0.50

The current ratio of Roper Technologies Inc has shown fluctuations over the past eight quarters. The current ratio measures the company's ability to meet its short-term debt obligations with its current assets. In Q4 2023, the current ratio stood at 0.50, indicating that the company may have challenges meeting its short-term obligations with its current assets. This was a decrease from the previous quarter's ratio of 0.53.

Looking further back, the current ratio has been somewhat volatile, with fluctuations in the range of 0.50 to 1.58 over the past eight quarters. The highest current ratio of 1.58 was recorded in Q3 2022, suggesting a stronger ability to cover short-term liabilities with current assets. However, the current ratio dropped to 0.67 in Q4 2022 before gradually increasing in the following quarters.

Overall, the current ratio trend indicates variability in Roper Technologies Inc's short-term liquidity position. It is important for the company to closely monitor and manage its current assets and liabilities to ensure it can meet its short-term financial obligations effectively.