Deluxe Corporation (DLX)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,192,260 | 2,238,010 | 2,022,200 | 1,790,780 | 2,008,720 |
| Total current assets | US$ in thousands | 760,988 | 704,037 | 620,473 | 506,631 | 472,211 |
| Total current liabilities | US$ in thousands | 819,065 | 752,345 | 683,358 | 411,820 | 407,947 |
| Working capital turnover | — | — | — | 18.89 | 31.26 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,192,260K ÷ ($760,988K – $819,065K)
= —
The working capital turnover ratio for Deluxe Corp. has shown a declining trend over the past five years, with values of 31.26 in 2019 and 18.89 in 2020. Unfortunately, there is missing data for the years 2021, 2022, and 2023, so a comprehensive analysis of the recent performance is not possible. However, based on the available data, the decreasing trend in the working capital turnover ratio indicates that the efficiency of utilizing working capital to generate sales revenue has been decreasing over the years. This may suggest potential inefficiencies in managing the company's current assets and liabilities. Further analysis incorporating the missing data would be required to provide a more accurate assessment of Deluxe Corp.'s working capital turnover performance.