Dayforce Inc. (DAY)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	824,100	802,600	779,900	762,900
Total assets	US$ in thousands	9,010,900	8,943,200	8,118,800	10,061,500	8,463,500	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	6,085,700	5,436,200	6,729,300	7,259,100
Total asset turnover		0.17	0.16	0.17	0.13	0.15	0.15	0.12	0.10	0.14	0.11	0.13	0.11	0.13	0.14	0.14	0.13	0.14	0.15	0.12	0.11

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,513,700K ÷ $9,010,900K
= 0.17

Dayforce Inc.'s total asset turnover has fluctuated over the past few periods, ranging from 0.10 to 0.17. Total asset turnover measures how efficiently a company is using its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.

In Dayforce Inc.'s case, the trend in total asset turnover seems to show some variability, with no clear increasing or decreasing pattern over the periods provided. This variability may suggest fluctuations in the company's sales and asset base.

Overall, Dayforce Inc.'s total asset turnover ratio may indicate some inconsistency in asset utilization efficiency. Further analysis and comparison with industry benchmarks would provide a better understanding of the company's asset management effectiveness.