Deluxe Corporation (DLX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.65 | 6.57 | 5.78 | 6.25 | 7.25 | |
| Number of days of payables | days | 54.90 | 55.54 | 63.18 | 58.43 | 50.38 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.65
= 54.90
Deluxe Corp.'s number of days of payables has shown a fluctuating trend over the past five years, ranging from 50.38 days in 2019 to 63.18 days in 2021. In 2023, the number of days of payables decreased to 54.90 days compared to 55.54 days in 2022. This indicates that the company has been able to manage its payables more efficiently in 2023. A lower number of days of payables suggests that the company is taking fewer days to pay its suppliers, which could be beneficial for managing cash flow and improving relationships with suppliers. However, it is important to consider other factors such as industry norms and the company's overall financial health when interpreting this ratio.