Dayforce Inc. (DAY)

Fixed asset 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	1,760,000	1,694,500	1,632,000	1,574,600	1,513,700	1,450,100	1,388,200	1,323,500	1,246,200	1,192,200	1,133,800	1,083,000	1,024,200	964,900	912,100	854,300	842,500	841,500	839,400	843,100
Property, plant and equipment	US$ in thousands	—	—	—	—	—	230,600	—	185,500	174,900	144,700	141,400	134,300	157,600	143,500	179,800	142,200	136,400	132,200	167,200	159,400
Fixed asset turnover		—	—	—	—	—	6.29	—	7.13	7.13	8.24	8.02	8.06	6.50	6.72	5.07	6.01	6.18	6.37	5.02	5.29

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,760,000K ÷ $—K
= —

Dayforce Inc.'s fixed asset turnover has shown fluctuation over the past few years. The ratio increased from 5.29 in March 31, 2020, to a peak of 8.24 in September 30, 2022, indicating that the company generated $8.24 in revenue for every dollar invested in fixed assets during that period.

The trend was relatively stable between 2022 and 2023, with a slight decline to 7.13 in December 31, 2022, which remained the same in March 31, 2023.

However, incomplete data is available for the following periods from June 30, 2023, onwards. This could be due to various reasons, including data reporting delays or changes in the financial reporting period.

Overall, a higher fixed asset turnover ratio suggests that Dayforce Inc. is utilizing its fixed assets efficiently to generate revenues. It is important for the company to maintain or improve this ratio over time to indicate ongoing operational efficiency and effective utilization of its fixed assets.