Revvity Inc. (RVTY)
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 | Jul 5, 2020 | Apr 5, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,163,400 | 1,229,780 | 1,248,120 | 998,081 | 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 |
| Short-term investments | US$ in thousands | 0 | 0 | 706,070 | 697,327 | 689,916 | 292,971 | 739,055 | 193,963 | 0 | — | — | — | 14,999 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 632,400 | 602,141 | 597,436 | 588,974 | 632,811 | 644,574 | 626,935 | — | 612,780 | — | — | — | 1,023,790 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 653,100 | 687,940 | 1,390,010 | 1,374,220 | 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 |
| Quick ratio | 2.75 | 2.66 | 1.84 | 1.66 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,163,400K
+ $0K
+ $632,400K)
÷ $653,100K
= 2.75
The quick ratio of Revvity Inc. has shown significant fluctuations over the period under consideration. Starting at 0.27 on April 5, 2020, the quick ratio deteriorated to 0.19 by July 5, 2020, indicating a potential liquidity concern as the company may have had difficulty meeting its short-term obligations with its most liquid assets.
Subsequently, there was a slight improvement in the quick ratio to 0.21 on September 30, 2020, and further positive movement to 0.23 by December 31, 2020. However, these ratios still remained below the ideal threshold of 1, suggesting that Revvity Inc. continued to face liquidity challenges.
The most significant improvement in the quick ratio was observed in the period from March 31, 2021, to December 31, 2024, where the ratio steadily increased from 0.65 to 2.75. This upward trend indicates a considerable enhancement in the company's ability to cover its short-term liabilities with its quick assets, such as cash and accounts receivable.
Overall, the quick ratio of Revvity Inc. exhibited volatility in the past but showed substantial strengthening in recent periods, surpassing the desirable value of 1 and reflecting improved liquidity and financial health. Continued monitoring of the quick ratio will be essential to assess the company's ongoing liquidity position accurately.
Peer comparison
Dec 31, 2024