Dayforce Inc. (DAY)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,760,000 | 1,513,700 | 1,246,200 | 1,024,200 | 842,500 |
| Property, plant and equipment | US$ in thousands | — | — | 174,900 | 157,600 | 136,400 |
| Fixed asset turnover | — | — | 7.13 | 6.50 | 6.18 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,760,000K ÷ $—K
= —
The fixed asset turnover ratio of Dayforce Inc. has shown a positive trend over the past few years, increasing from 6.18 in December 2020 to 7.13 in December 2022. This indicates that the company is generating more revenue in relation to its fixed assets, which is a positive sign of operational efficiency and effective utilization of its fixed assets.
However, it is notable that the data for December 2023 and December 2024 are missing, which makes it challenging to assess the consistency of the company's fixed asset turnover ratio in more recent years. It would be beneficial for stakeholders to have complete data to make more informed decisions regarding the company's operational performance and efficiency in managing its fixed assets.
Overall, based on the available data, the increasing trend in Dayforce Inc.'s fixed asset turnover ratio suggests that the company has been efficient in generating revenue from its fixed assets, which is a key indicator of operational effectiveness and management of its asset base.
Peer comparison
Dec 31, 2024