Revvity Inc. (RVTY)

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 Jul 5, 2020 Apr 5, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 2.07 2.01 2.58 2.43 2.13 2.10 2.02 1.94 2.01 1.97 2.01 1.76 1.36 1.35 1.32 1.84 1.80 1.30 1.89 1.68
Quick ratio 1.54 1.43 1.97 1.57 0.69 0.27 0.33 0.52 1.35 0.41 0.51 0.65 0.23 0.21 0.19 0.27 0.25 0.33 0.21 0.18
Cash ratio 1.11 0.99 1.52 1.57 0.29 0.27 0.33 0.52 0.51 0.41 0.51 0.65 0.23 0.21 0.19 0.27 0.25 0.33 0.21 0.18

The liquidity ratios of Revvity Inc. have shown relatively consistent improvement over the past eight quarters. The current ratio has increased steadily from 2.13 in Q4 2022 to 2.07 in Q4 2023, indicating that the company's ability to cover its short-term liabilities with its current assets has improved. This trend suggests that Revvity Inc. has sufficient current assets to meet its short-term obligations.

Similarly, the quick ratio has also shown a positive trend, increasing from 0.77 in Q4 2022 to 1.77 in Q4 2023. This ratio excludes inventory from current assets, providing a more conservative measure of liquidity. The steady increase in the quick ratio indicates that Revvity Inc. has a strong ability to meet its short-term obligations without relying on inventory.

Furthermore, the cash ratio has shown a significant improvement over the quarters, from 0.37 in Q4 2022 to 1.34 in Q4 2023. This ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, providing a more stringent measure of liquidity. The consistent increase in the cash ratio indicates that Revvity Inc. has a solid cash position to meet its immediate financial obligations.

Overall, the improving liquidity ratios of Revvity Inc. suggest that the company has enhanced its ability to meet its short-term financial obligations and has a strong liquidity position. This positive trend bodes well for the financial health and stability of the company.

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 Jul 5, 2020 Apr 5, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash conversion cycle days 154.89 133.15 128.17 47.57 104.16 26.68 73.92 68.84 124.09 77.16 42.12 41.83 40.85 53.72 54.86 39.15 29.71 50.38 57.45 40.22

The cash conversion cycle of Revvity Inc. has varied over the past eight quarters. In Q4 2023, the cash conversion cycle was 151.48 days, which was an improvement from the previous quarter but still higher than the average cycle observed historically. This indicates that the company took approximately 151.48 days to convert its investments in inventory and other resources into cash from sales during this period.

Comparing Q4 2023 to Q4 2022, the cash conversion cycle has increased significantly from 104.16 days to 151.48 days. This suggests that the company may be experiencing challenges in managing its working capital efficiently, leading to a prolonged period to recover cash from its operational activities.

Overall, the trend in the cash conversion cycle for Revvity Inc. has shown fluctuations over the quarters, with some periods indicating a more efficient management of working capital than others. It is essential for the company to closely monitor and improve its cash conversion cycle to optimize its cash flow and operational efficiency in the future.