Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Roper Technologies Inc., liquidity ratios
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Current ratio | 0.67 | 0.78 | 0.72 | 0.83 | 1.11 | |
| Quick ratio | 0.56 | 0.41 | 0.58 | 0.70 | 0.85 | |
| Cash ratio | 0.27 | 0.11 | 0.13 | 0.30 | 0.25 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Roper Technologies Inc. current ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Roper Technologies Inc. quick ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Roper Technologies Inc. cash ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Current Ratio
Roper Technologies Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current assets | 1,932,400) | 2,421,100) | 1,752,300) | 1,999,500) | 1,610,700) | |
| Current liabilities | 2,892,500) | 3,121,800) | 2,444,400) | 2,397,400) | 1,448,200) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 0.67 | 0.78 | 0.72 | 0.83 | 1.11 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Apple Inc. | 0.88 | 1.07 | 1.36 | 1.54 | — | |
| Arista Networks Inc. | 4.29 | 4.34 | 4.99 | 5.81 | — | |
| Cisco Systems Inc. | 1.43 | 1.49 | 1.72 | 1.51 | — | |
| Super Micro Computer Inc. | 1.91 | 1.93 | 2.25 | 2.35 | 1.89 | |
| Current Ratio, Sector | ||||||
| Technology Hardware & Equipment | 0.99 | 1.17 | 1.46 | 1.55 | — | |
| Current Ratio, Industry | ||||||
| Information Technology | 1.43 | 1.64 | 1.85 | 1.77 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 1,932,400 ÷ 2,892,500 = 0.67
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Roper Technologies Inc. current ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Quick Ratio
Roper Technologies Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 792,800) | 351,500) | 308,300) | 709,700) | 364,400) | |
| Accounts receivable, net | 724,500) | 839,400) | 863,000) | 791,600) | 700,800) | |
| Unbilled receivables | 91,500) | 95,300) | 241,700) | 183,500) | 169,400) | |
| Total quick assets | 1,608,800) | 1,286,200) | 1,413,000) | 1,684,800) | 1,234,600) | |
| Current liabilities | 2,892,500) | 3,121,800) | 2,444,400) | 2,397,400) | 1,448,200) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.56 | 0.41 | 0.58 | 0.70 | 0.85 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Apple Inc. | 0.71 | 0.91 | 1.22 | 1.38 | — | |
| Arista Networks Inc. | 3.05 | 3.54 | 4.25 | 5.22 | — | |
| Cisco Systems Inc. | 1.16 | 1.32 | 1.58 | 1.39 | — | |
| Super Micro Computer Inc. | 0.75 | 0.72 | 0.87 | 1.06 | 0.70 | |
| Quick Ratio, Sector | ||||||
| Technology Hardware & Equipment | 0.79 | 1.00 | 1.30 | 1.40 | — | |
| Quick Ratio, Industry | ||||||
| Information Technology | 1.15 | 1.38 | 1.59 | 1.54 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,608,800 ÷ 2,892,500 = 0.56
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Roper Technologies Inc. quick ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Cash Ratio
Roper Technologies Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 792,800) | 351,500) | 308,300) | 709,700) | 364,400) | |
| Total cash assets | 792,800) | 351,500) | 308,300) | 709,700) | 364,400) | |
| Current liabilities | 2,892,500) | 3,121,800) | 2,444,400) | 2,397,400) | 1,448,200) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.27 | 0.11 | 0.13 | 0.30 | 0.25 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Apple Inc. | 0.31 | 0.50 | 0.86 | 0.95 | — | |
| Arista Networks Inc. | 2.34 | 3.07 | 3.74 | 4.56 | — | |
| Cisco Systems Inc. | 0.75 | 0.93 | 1.16 | 1.05 | — | |
| Super Micro Computer Inc. | 0.18 | 0.24 | 0.30 | 0.41 | 0.14 | |
| Cash Ratio, Sector | ||||||
| Technology Hardware & Equipment | 0.39 | 0.59 | 0.93 | 0.99 | — | |
| Cash Ratio, Industry | ||||||
| Information Technology | 0.72 | 0.96 | 1.18 | 1.10 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 792,800 ÷ 2,892,500 = 0.27
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Roper Technologies Inc. cash ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |