Deluxe Corporation (DLX)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 26,120 | 30,109 | 52,817 | 58,504 | 65,396 | 60,208 | 57,947 | 47,985 | 62,633 | 73,519 | 90,472 | 93,231 | 5,244 | 25,405 | -322,505 | -304,782 | -199,897 | -187,551 | 99,859 | 127,484 |
| Total stockholders’ equity | US$ in thousands | 604,094 | 598,891 | 613,160 | 595,206 | 603,809 | 601,686 | 596,440 | 578,699 | 574,318 | 557,626 | 552,068 | 558,645 | 540,697 | 511,348 | 485,269 | 473,967 | 570,861 | 525,527 | 894,149 | 897,563 |
| ROE | 4.32% | 5.03% | 8.61% | 9.83% | 10.83% | 10.01% | 9.72% | 8.29% | 10.91% | 13.18% | 16.39% | 16.69% | 0.97% | 4.97% | -66.46% | -64.30% | -35.02% | -35.69% | 11.17% | 14.20% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $26,120K ÷ $604,094K
= 4.32%
Deluxe Corp.'s return on equity (ROE) has shown some fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 4.32%, slightly lower than the previous quarter at 5.02%. However, compared to Q2 and Q1 2023, the ROE has decreased significantly from 8.61% and 9.82%, respectively.
Looking back at Q4 2022, Deluxe Corp. had an ROE of 10.82%, indicating a decline over the past year. The ROE remained relatively stable during Q3 and Q2 2022 at around 9.99% and 9.70%, respectively. Q1 2022 saw a ROE of 8.28%, reflecting a noticeable improvement compared to the most recent quarter.
Overall, Deluxe Corp.'s ROE has displayed some volatility, with fluctuations in profitability and efficiency of utilizing shareholder equity. Further analysis of the company's performance and strategies may be necessary to understand the factors influencing these variations in ROE.