Dayforce Inc. (DAY)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 947,900 | 867,200 | 773,000 | 641,900 | 501,200 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $947,900K ÷ $—K
= —
Based on the provided data, it seems that the payables turnover ratio for Dayforce Inc. has not been specified or calculated for the years ending December 31, 2020 to 2024. The payables turnover ratio is a measure of how efficiently a company is managing its various payments to suppliers and creditors.
Without the specific values for the payables turnover ratio, it is challenging to assess Dayforce Inc.'s performance in managing its payables effectively. A high payables turnover ratio generally indicates that a company is paying its suppliers quickly, which could suggest good liquidity or negotiating power. On the other hand, a low payables turnover ratio could imply that the company is taking longer to pay its suppliers, possibly indicating financial strain or inefficiencies in managing working capital.
To gain a better understanding of Dayforce Inc.'s financial health and operational efficiency, it would be beneficial to have the actual payables turnover ratios for the years in question. These ratios could provide insights into the company's payment practices, vendor relationships, and overall financial management strategies.
Peer comparison
Dec 31, 2024