Deluxe Corporation (DLX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 52,802 | 26,120 | 65,395 | 62,633 | 8,800 |
| Total assets | US$ in thousands | 2,831,040 | 3,080,620 | 3,076,500 | 3,074,400 | 1,874,900 |
| ROA | 1.87% | 0.85% | 2.13% | 2.04% | 0.47% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $52,802K ÷ $2,831,040K
= 1.87%
Deluxe Corporation's return on assets (ROA) has shown fluctuations over the years based on the available data. At the end of December 31, 2020, the ROA was 0.47%, suggesting a relatively low return generated from its assets. Subsequently, there was a significant increase in ROA to 2.04% as of December 31, 2021, indicating improved efficiency in utilizing assets to generate earnings.
In the following year, Deluxe Corporation maintained a relatively stable ROA at 2.13% by December 31, 2022, which suggests continued efficient asset management. However, there was a slight dip in ROA to 0.85% by December 31, 2023, indicating a potential decrease in asset efficiency or profitability during that period.
By December 31, 2024, Deluxe Corporation experienced a bounce-back in ROA to 1.87%, signaling a recovery in asset utilization and profitability. Overall, the trend in ROA reflects some variability in Deluxe Corporation's ability to generate returns from its assets over the years, with notable improvements and declines in different periods.