Roper Technologies Inc. Common Stock (ROP)

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	214,300	299,500	1,462,800	1,181,600	792,800	1,894,500	2,879,100	3,237,500	351,500	352,500	337,800	331,000	308,300	302,100	1,870,800	999,800	709,700	323,000	320,800	392,500
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	936,300	858,500	792,500	730,000	816,000	729,100	733,900	865,300	934,700	851,900	1,079,500	1,060,000	1,104,700	1,023,300	963,900	937,500	975,100	895,400	904,800	823,700
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
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

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($214,300K + $—K + $936,300K) ÷ $2,963,200K
= 0.39

The quick ratio of Roper Technologies Inc has shown some variability over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.

In Q4 2023, the quick ratio declined to 0.46, indicating that Roper Technologies may have had difficulties in meeting its short-term obligations with its liquid assets alone. This is a decrease from the previous quarter's quick ratio of 0.49, suggesting a slight deterioration in the company's short-term liquidity position.

Comparing to the same quarter last year, the Q4 2023 quick ratio of 0.46 is lower than the quick ratio of 0.63 in Q4 2022. This downward trend over the year implies a potential weakening of Roper Technologies Inc's ability to cover its current liabilities with its quick assets.

It is crucial for stakeholders to closely monitor Roper Technologies Inc's quick ratio in the upcoming quarters to assess the company's liquidity position and its ability to meet its short-term financial obligations effectively.