Roper Technologies Inc. Common Stock (ROP)

Liquidity ratios

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
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
Quick ratio 0.39 0.41 0.82 0.69 0.56 0.92 1.14 1.17 0.41 0.42 0.57 0.56 0.58 0.57 1.13 0.82 0.70 0.81 0.85 0.84
Cash ratio 0.07 0.11 0.53 0.43 0.27 0.67 0.91 0.92 0.11 0.12 0.13 0.13 0.13 0.13 0.75 0.42 0.30 0.22 0.22 0.27

The liquidity ratios of Roper Technologies Inc have shown some fluctuation over the past eight quarters. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has ranged from a low of 0.50 to a high of 1.58 during this period. This indicates some variability in the company's short-term liquidity position.

The quick ratio, which provides a more conservative measure of liquidity by excluding inventory from current assets, has also exhibited fluctuations, with values ranging from 0.46 to 1.22. While generally higher than the current ratio, the quick ratio shows a similar pattern of variability in Roper Technologies Inc's ability to meet its short-term obligations.

Furthermore, the cash ratio, which is the most stringent measure of liquidity as it only considers cash and cash equivalents, has fluctuated between 0.13 and 0.97 over the past eight quarters. This implies that the company's immediate cash position has varied significantly, potentially impacting its ability to cover short-term liabilities without relying on other current assets.

Overall, the analysis of Roper Technologies Inc's liquidity ratios suggests that the company has experienced some level of inconsistency in its short-term liquidity position over the past two years. Investors and stakeholders may want to closely monitor these ratios to assess the company's ability to meet its financial obligations in a timely manner.

See also:

Roper Technologies Inc. Common Stock Liquidity Ratios (Quarterly Data)

Additional liquidity measure

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 conversion cycle days 78.46 76.96 74.61 72.78 80.54 74.73 74.97 114.04 85.67 120.44 149.24 139.80 83.19 131.06 121.47 115.21 79.39 99.66 100.48 96.10

The cash conversion cycle for Roper Technologies Inc has shown fluctuations over the past eight quarters. In Q1 2022, the company's cash conversion cycle was 62.89 days, indicating a longer period required to convert its investments in inventory into cash. This was followed by an improvement in Q2 2022 with a cycle of 42.18 days, suggesting more efficient management of inventory and accounts receivable.

However, in Q3 2022, the cycle increased to 47.09 days before decreasing again in Q4 2022 to 57.04 days, indicating some variability in the company's cash conversion efficiency. Subsequently, in Q1 2023, the cycle reduced to 47.48 days, showing improvement, followed by further improvements in Q2 and Q3 2023 with cycles of 50.63 days and 55.16 days, respectively.

Notably, in Q4 2023, the cash conversion cycle increased to 53.38 days, indicating a lengthier duration to convert investments in inventory into cash compared to the prior quarter. Overall, the trend in Roper Technologies Inc's cash conversion cycle has shown some variability over the past eight quarters, highlighting the importance of continuously monitoring and managing the company's working capital efficiency.