Deluxe Corporation (DLX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,121,760 | 2,192,260 | 2,238,000 | 2,022,200 | 1,790,800 |
| Property, plant and equipment | US$ in thousands | — | — | 172,026 | 190,500 | 88,680 |
| Fixed asset turnover | — | — | 13.01 | 10.62 | 20.19 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,121,760K ÷ $—K
= —
Fixed asset turnover is a financial ratio used to assess a company's efficiency in generating sales revenue from its investments in fixed assets. Looking at the data provided for Deluxe Corporation, we observe a significant decrease in fixed asset turnover from 2020 to 2021, where it dropped from 20.19 to 10.62. This suggests a potential decline in the company's ability to utilize its fixed assets effectively to generate sales during the year.
In 2022, there was a slight improvement in the fixed asset turnover ratio to 13.01, indicating a better utilization of fixed assets compared to the previous year. However, the ratio for 2023 and 2024 is not available, denoted by "—", which could indicate missing data or a possibility of changes in the company's reporting practices.
Overall, the trend in Deluxe Corporation's fixed asset turnover ratio shows some fluctuations over the years, with a notable decrease followed by a partial recovery. Further analysis of the company's operational and investment strategies may provide insights into the factors influencing these changes in fixed asset turnover.