Dayforce Inc. (DAY)

Net profit margin

		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
Net income (ttm)	US$ in thousands	54,800	4,000	-13,200	-36,100	-73,400	-77,700	-77,600	-83,600	-75,400	-83,200	-63,100	-31,800	-4,000	11,800	75,300	76,100	78,700	78,100	19,600	-50,000
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
Net profit margin		3.62%	0.28%	-0.95%	-2.73%	-5.89%	-6.52%	-6.84%	-7.72%	-7.36%	-8.62%	-6.92%	-3.72%	-0.47%	1.40%	8.97%	9.03%	9.55%	9.73%	2.51%	-6.55%

December 31, 2023 calculation

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

The net profit margin of Dayforce Inc. has shown significant variability over the past few quarters. The company experienced a positive trend in net profit margins from March 2020 to March 2021, with margins consistently increasing from 2.51% to 9.03%. However, the trend reversed after March 2021, with net profit margins turning negative for several quarters, reaching a low of -7.72% in March 2022.

There was a slight improvement in net profit margins in the latter part of 2022 and the first quarter of 2023, though the margins remained negative. However, in the most recent quarter ending December 2023, Dayforce Inc. was able to achieve a net profit margin of 3.62%, indicating a return to profitability.

It is essential for Dayforce Inc. to continue monitoring and managing its expenses and revenue generation to maintain positive net profit margins and ensure sustainable profitability in the future.