Deluxe Corporation (DLX)

Total asset turnover

		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	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	2,121,715	2,138,615	2,147,971	2,181,855	2,192,265	2,218,865	2,236,103	2,227,403	2,238,053	2,244,653	2,221,756	2,136,956	2,022,205	1,906,105	1,813,464	1,745,669	1,790,805	1,858,405	1,912,498	1,996,093
Total assets	US$ in thousands	2,831,000	2,622,920	2,666,310	2,728,600	3,080,600	2,884,700	2,923,000	2,940,910	3,076,500	2,957,320	2,940,400	2,954,310	3,074,400	3,006,190	3,017,500	1,893,250	1,874,900	2,007,200	2,060,080	2,044,500
Total asset turnover		0.75	0.82	0.81	0.80	0.71	0.77	0.77	0.76	0.73	0.76	0.76	0.72	0.66	0.63	0.60	0.92	0.96	0.93	0.93	0.98

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,121,715K ÷ $2,831,000K
= 0.75

The total asset turnover ratio for Deluxe Corporation has fluctuated over the past few years. It decreased from 0.98 on March 31, 2020 to 0.60 on June 30, 2021, implying a decline in the company's ability to generate sales from its total assets. However, there was a gradual improvement in the ratio from the second half of 2021 onwards, reaching a peak of 0.82 on September 30, 2024. This improvement suggests that Deluxe Corporation was able to increase its efficiency in utilizing its assets to generate revenue during this period. Overall, monitoring the total asset turnover ratio can provide insight into how effectively the company is managing its assets to drive sales growth.