Deluxe Corporation (DLX)
Number of days of payables
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
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Payables turnover | 6.65 | 6.37 | 5.95 | 6.54 | 6.57 | 6.90 | 6.84 | 6.53 | 5.78 | 5.94 | 5.47 | 6.48 | 6.25 | 6.59 | 7.48 | 7.53 | 7.25 | 8.41 | 8.54 | 8.74 | |
Number of days of payables | days | 54.90 | 57.33 | 61.33 | 55.82 | 55.54 | 52.89 | 53.34 | 55.91 | 63.18 | 61.49 | 66.69 | 56.29 | 58.43 | 55.36 | 48.80 | 48.47 | 50.38 | 43.38 | 42.73 | 41.74 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.65
= 54.90
The number of days of payables for Deluxe Corp. has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 54.90 days, a decrease from the previous quarter. This indicates that Deluxe Corp. took fewer days to settle its payables compared to Q3 2023.
Looking at a longer trend, there has been some variability in the number of days of payables, with highs in Q2 2023 (61.33 days) and Q1 2023 (55.82 days) and lows in Q3 2022 (52.89 days) and Q2 2022 (53.34 days). This suggests that Deluxe Corp. has been managing its payables effectively by either extending or shortening the payment period to suppliers.
Overall, the downward trend in the number of days of payables can indicate efficient cash management by Deluxe Corp., as it is taking less time to settle its obligations to suppliers. However, it is important to continue to monitor this ratio to ensure that the company maintains a healthy balance between managing cash flow and supplier relationships.