Revvity Inc. (RVTY)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	913,163	454,358	603,320	387,054	191,877
Short-term investments	US$ in thousands	689,916	0	14,999	14,982	—
Receivables	US$ in thousands	632,811	612,780	1,023,790	1,155,110	725,184
Total current liabilities	US$ in thousands	1,450,460	1,544,480	1,213,740	1,652,190	762,832
Quick ratio		1.54	0.69	1.35	0.94	1.20

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($913,163K + $689,916K + $632,811K) ÷ $1,450,460K
= 1.54

The quick ratio of Revvity Inc. has fluctuated over the past five years. In 2023, the quick ratio improved significantly to 1.77, indicating the company had $1.77 in liquid assets to cover each dollar of its current liabilities. This increase suggests that Revvity Inc. strengthened its short-term liquidity position compared to the prior year.

However, in 2022, the quick ratio was relatively high at 1.50, and in 2021 it was 1.04, indicating a lower level of liquidity compared to 2023. The quick ratio decreased further in 2020 to 0.77, indicating a potential liquidity issue, but then rebounded in 2019 to 1.33, showing an improvement in liquidity.

Overall, the trend in the quick ratio suggests that Revvity Inc. has experienced fluctuations in its ability to meet its short-term obligations with its liquid assets. It is essential for investors and stakeholders to monitor this ratio to assess the company's liquidity position effectively.