Deluxe Corporation (DLX)
Working capital 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 current assets | US$ in thousands | 34,400 | 392,637 | 391,373 | 430,210 | 761,000 | 537,300 | 548,600 | 554,864 | 704,000 | 550,419 | 526,200 | 518,184 | 620,500 | 567,526 | 603,300 | 504,496 | 506,600 | 677,900 | 716,250 | 686,200 |
| Total current liabilities | US$ in thousands | 625,516 | 427,754 | 404,374 | 444,623 | 819,100 | 588,100 | 571,100 | 579,268 | 752,300 | 585,844 | 553,100 | 561,362 | 683,400 | 540,887 | 527,200 | 404,568 | 411,800 | 378,900 | 358,521 | 358,700 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 71.55 | 23.83 | 17.47 | 18.89 | 6.22 | 5.35 | 6.09 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,121,715K ÷ ($34,400K – $625,516K)
= —
The working capital turnover for Deluxe Corporation has shown fluctuations over the past few quarters. The ratio was 6.09 as of March 31, 2020, and decreased to 5.35 by June 30, 2020. However, it increased to 6.22 by September 30, 2020.
There was a significant jump in the working capital turnover to 18.89 by December 31, 2020, and continued to rise to 17.47 by March 31, 2021. The ratio spiked to 23.83 by June 30, 2021, and saw a substantial increase to 71.55 by September 30, 2021.
The working capital turnover for the subsequent quarters is not available in the data provided. The trend suggests that there was a notable improvement in managing working capital efficiently, leading to higher turnovers. This may indicate that Deluxe Corporation has been effectively utilizing its working capital to generate sales revenue. It would be insightful to continue monitoring this metric in the future to assess the company's financial health and operational efficiency.