Deluxe Corporation (DLX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 160,790 | 155,224 | 175,270 | 172,699 | 169,446 | 167,425 | 162,216 | 137,025 | 142,153 | 135,363 | 143,379 | 141,325 | 44,505 | 44,756 | -340,347 | -312,838 | -188,251 | -147,114 | 176,287 | 207,286 |
| Total assets | US$ in thousands | 3,080,620 | 2,884,670 | 2,923,020 | 2,940,910 | 3,076,520 | 2,957,320 | 2,940,390 | 2,954,310 | 3,074,380 | 3,006,190 | 3,017,480 | 1,893,250 | 1,842,180 | 2,007,180 | 2,060,080 | 2,044,540 | 1,943,310 | 1,888,960 | 2,314,040 | 2,322,410 |
| Operating ROA | 5.22% | 5.38% | 6.00% | 5.87% | 5.51% | 5.66% | 5.52% | 4.64% | 4.62% | 4.50% | 4.75% | 7.46% | 2.42% | 2.23% | -16.52% | -15.30% | -9.69% | -7.79% | 7.62% | 8.93% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $160,790K ÷ $3,080,620K
= 5.22%
Deluxe Corp.'s operating return on assets (operating ROA) has exhibited fluctuations over the past eight quarters, ranging from 6.56% to 7.52%. In general, the trend appears relatively stable, with the operating ROA maintaining a range between 6.56% to 7.52%.
The highest operating ROA was recorded in Q2 2023, at 7.52%, indicating that Deluxe Corp. was able to generate more operating income relative to its total assets during that period. On the other hand, the lowest operating ROA was in Q1 2022, at 6.56%.
Overall, Deluxe Corp.'s operating ROA performance suggests that the company has been effectively utilizing its assets to generate operating income, although there have been slight fluctuations in efficiency over the quarters analyzed. Further analysis of the company's operating expenses and asset management practices may provide insights into the factors influencing these variations.