Dayforce Inc. (DAY)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	54,800	-73,400	-75,400	-4,000	78,700
Revenue	US$ in thousands	1,513,700	1,246,200	1,024,200	842,500	824,100
Net profit margin		3.62%	-5.89%	-7.36%	-0.47%	9.55%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $54,800K ÷ $1,513,700K
= 3.62%

Dayforce Inc.'s net profit margin has fluctuated significantly over the past five years. In 2019, the company had a healthy net profit margin of 9.55%, indicating that 9.55% of its total revenue translated into profit after all expenses were deducted.

However, in 2020, the net profit margin took a negative turn, dropping to -0.47%, suggesting that the company incurred more expenses than it generated in revenue, resulting in a loss.

The trend continued in 2021 and 2022, with net profit margins of -7.36% and -5.89% respectively, indicating ongoing financial challenges for Dayforce Inc. during those years.

In the most recent year of 2023, there was a slight improvement in the net profit margin to 3.62%, which suggests that the company managed to control its expenses better and generate more profit relative to its revenue compared to the previous years.

Overall, the fluctuating trend in net profit margin indicates that Dayforce Inc. has experienced variability in its profitability over the analyzed period, facing both periods of losses and some recovery in its profit margins. Further analysis of the company's financial performance and strategies would be beneficial to understand the factors contributing to these fluctuations.