Revvity Inc. (RVTY)

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	Jul 5, 2020	Apr 5, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	913,163	1,136,720	1,331,900	2,267,180	454,358	400,741	345,861	654,756	603,320	472,374	572,810	988,234	387,054	258,293	218,536	195,146	191,877	392,969	150,016	134,252
Short-term investments	US$ in thousands	689,916	292,971	739,055	193,963	0	—	—	—	14,999	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	632,811	644,574	626,935	—	612,780	—	—	—	1,023,790	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,450,460	1,447,840	1,366,830	1,563,740	1,544,480	1,485,730	1,043,810	1,263,050	1,213,740	1,145,030	1,122,820	1,520,510	1,652,190	1,244,800	1,163,260	730,144	762,832	1,188,100	706,799	742,268
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

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 measures a company's ability to meet its short-term obligations with its most liquid assets. Looking at the quick ratio of Revvity Inc. over the past eight quarters, we observe fluctuations in the company's liquidity position.

In Q4 2023, the quick ratio stood at 1.77, indicating that the company had $1.77 in liquid assets available to cover each dollar of its current liabilities. This was a slight increase from the previous quarter's quick ratio of 1.71.

A notable peak in the quick ratio was seen in Q2 2023, where the ratio reached 2.26, suggesting a strong ability to meet short-term obligations using liquid assets. This was followed by a dip in Q3 2023 to 1.71, demonstrating a slight decrease in liquidity.

Comparing these figures to the same quarters in the previous year, there has been a significant improvement in the company's liquidity position. The quick ratio in Q4 2023 of 1.77 is substantially higher than the same period in 2022 when the ratio was 0.77.

Overall, the trend in Revvity Inc.'s quick ratio shows fluctuations but generally indicates an improvement in liquidity compared to the previous year. However, it is essential to continue monitoring this ratio to ensure the company maintains a healthy liquidity position to meet its short-term obligations effectively.