Deluxe Corporation (DLX)

Working capital turnover

		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
Revenue (ttm)	US$ in thousands	2,192,259	2,218,899	2,236,093	2,227,360	2,238,010	2,244,581	2,221,684	2,136,947	2,022,196	1,906,113	1,813,433	1,745,622	1,790,781	1,858,360	1,912,492	1,996,073	2,008,715	2,011,321	2,010,918	2,005,176
Total current assets	US$ in thousands	760,988	537,276	548,648	554,864	704,037	550,419	526,202	518,184	620,473	567,526	603,358	504,496	506,631	677,936	716,250	686,204	472,211	425,716	445,077	431,148
Total current liabilities	US$ in thousands	819,065	588,105	571,098	579,268	752,345	585,844	553,089	561,362	683,358	540,887	527,235	404,568	411,820	378,859	358,521	358,701	407,947	361,847	349,634	356,449
Working capital turnover		—	—	—	—	—	—	—	—	—	71.55	23.82	17.47	18.89	6.21	5.35	6.09	31.26	31.49	21.07	26.84

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,192,259K ÷ ($760,988K – $819,065K)
= —

As the data for Deluxe Corp.'s working capital turnover is not provided in the table, we are unable to calculate or interpret this particular financial ratio for the company over the specified periods. Working capital turnover is a key metric that measures the efficiency of a company's ability to utilize its working capital to generate revenue. Without the specific values for working capital turnover, we are unable to assess the trend or performance of Deluxe Corp. in managing its working capital effectively during the listed quarters in the given timeframe. For a comprehensive analysis, it would be necessary to obtain the actual working capital turnover figures for each period to evaluate the company's operational efficiency and liquidity management over time.