Roper Technologies, Inc. (ROP)

Quick ratio

		Dec 31, 2024	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
Cash	US$ in thousands	188,200	269,600	251,500	198,400	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
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	1,012,400	951,500	863,700	881,700	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
Total current liabilities	US$ in thousands	3,832,200	3,289,700	2,807,800	2,909,500	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
Quick ratio		0.31	0.37	0.40	0.37	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

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($188,200K + $—K + $1,012,400K) ÷ $3,832,200K
= 0.31

The quick ratio of Roper Technologies, Inc. has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, started at 0.82 on March 31, 2020.

It increased to 1.13 on June 30, 2020, indicating an improvement in the company's liquidity position. However, it decreased to 0.57 on September 30, 2020, and further dropped to 0.41 by December 31, 2021. This decreasing trend continued until March 31, 2023, where the quick ratio reached its lowest point of 0.37.

From March 31, 2023, the quick ratio started to show some signs of recovery, increasing to 0.40 on June 30, 2024, and then further to 0.37 on September 30, 2024. By December 31, 2024, the quick ratio decreased to 0.31, which could raise concerns about the company's ability to cover its short-term obligations using its liquid assets.

Overall, the quick ratio of Roper Technologies, Inc. has displayed fluctuations throughout the period, indicating varying levels of liquidity and the ability to meet short-term commitments with its readily available assets. Investors and financial analysts may want to closely monitor this ratio to assess the company's liquidity position in the future.