Dayforce Inc. (DAY)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 812,100 | 646,500 | 473,200 | 382,300 | 341,300 |
| Revenue | US$ in thousands | 1,760,000 | 1,513,700 | 1,246,200 | 1,024,200 | 842,500 |
| Gross profit margin | 46.14% | 42.71% | 37.97% | 37.33% | 40.51% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $812,100K ÷ $1,760,000K
= 46.14%
The gross profit margin of Dayforce Inc. has shown fluctuations over the years based on the data provided. It was recorded at 40.51% on December 31, 2020, which decreased to 37.33% by December 31, 2021. Despite a slight increase to 37.97% on December 31, 2022, the margin improved notably in the subsequent years, reaching 42.71% on December 31, 2023, and further improving to 46.14% by December 31, 2024. This positive trend indicates that Dayforce Inc. has been effectively managing its production costs and generating higher revenues relative to the cost of goods sold. It is essential for the company to continue monitoring and optimizing its gross profit margin to ensure sustainable profitability and operational efficiency.
Peer comparison
Dec 31, 2024