Dayforce Inc. (DAY)
Total 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 |
| Total assets | US$ in thousands | 9,117,000 | 8,117,000 | 9,046,100 | 10,775,200 | 9,010,900 | 8,943,200 | 8,118,800 | 10,061,500 | 7,917,200 | 8,006,400 | 9,082,300 | 11,059,500 | 7,166,200 | 9,001,500 | 6,807,000 | 7,798,800 | 6,701,300 | 5,918,000 | 5,853,900 | 6,470,100 |
| Total asset turnover | 0.19 | 0.21 | 0.18 | 0.15 | 0.17 | 0.16 | 0.17 | 0.13 | 0.16 | 0.15 | 0.12 | 0.10 | 0.14 | 0.11 | 0.13 | 0.11 | 0.13 | 0.14 | 0.14 | 0.13 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,760,000K ÷ $9,117,000K
= 0.19
The total asset turnover ratio for Dayforce Inc. has shown fluctuating trends over the analyzed period from March 31, 2020, to December 31, 2024. The ratio ranged from 0.10 to 0.21 during this period, indicating how efficiently the company generates sales revenue from its total assets.
In the initial quarters of the analysis, the total asset turnover ratio remained relatively low, around 0.11 to 0.14, suggesting that Dayforce Inc. was not efficiently utilizing its assets to generate sales. However, from June 30, 2023, onwards, there was a noticeable improvement in the ratio, reaching 0.18 by June 30, 2024.
The increasing trend in total asset turnover from mid-2023 signifies that the company was able to generate more revenue from its assets, which could be attributed to better asset management or increased sales efficiency. The peak ratio of 0.21 on September 30, 2024, indicates the company's ability to optimize its asset utilization efficiently.
Overall, the total asset turnover ratio for Dayforce Inc. has improved over the years, reflecting enhanced operational efficiency and potentially a more effective asset management strategy.
Peer comparison
Dec 31, 2024