Dayforce Inc. (DAY)
Total 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 |
| Total assets | US$ in thousands | 9,117,000 | 9,010,900 | 7,917,200 | 7,166,200 | 6,701,300 |
| Total asset turnover | 0.19 | 0.17 | 0.16 | 0.14 | 0.13 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,760,000K ÷ $9,117,000K
= 0.19
The total asset turnover ratio for Dayforce Inc. has shown a consistent upward trend over the past five years, increasing from 0.13 in 2020 to 0.19 in 2024. This indicates that the company is generating more revenue for each dollar of assets it holds. A higher total asset turnover ratio suggests that Dayforce Inc. is effectively utilizing its assets to generate sales and is operating efficiently. The increment in this ratio implies that the company has improved its operational efficiency and is likely managing its assets more effectively over time. This positive trend in total asset turnover reflects positively on the company's overall financial performance and efficiency in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2024