Dayforce Inc. (DAY)

Gross profit margin

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
Gross profit (ttm) US$ in thousands 839,100 790,300 749,500 691,600 646,500 611,800 570,300 530,400 473,200 442,000 416,100 392,200 382,300 363,900 347,500 334,000 341,300 353,600 365,700 375,100
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
Gross profit margin 47.68% 46.64% 45.93% 43.92% 42.71% 42.19% 41.08% 40.08% 37.97% 37.07% 36.70% 36.21% 37.33% 37.71% 38.10% 39.10% 40.51% 42.02% 43.57% 44.49%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $839,100K ÷ $1,760,000K
= 47.68%

The gross profit margin of Dayforce Inc. has shown a declining trend from 44.49% as of March 31, 2020, to 47.68% as of December 31, 2024. This could indicate various potential factors affecting the company's operations, such as changes in pricing strategies, cost of goods sold, or efficiency in production processes.

The gradual decrease in the gross profit margin could signal a need for the company to focus on managing its production costs more effectively or improving its pricing strategies to maintain profitability. Additionally, it is crucial for Dayforce Inc. to monitor and analyze the drivers behind these fluctuations in gross profit margin to ensure sustainable and profitable operations in the future.