Dayforce Inc. (DAY)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	133,100	-25,800	-35,500	7,800	72,300
Revenue	US$ in thousands	1,513,700	1,246,200	1,024,200	842,500	824,100
Operating profit margin		8.79%	-2.07%	-3.47%	0.93%	8.77%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $133,100K ÷ $1,513,700K
= 8.79%

Dayforce Inc.'s operating profit margin has displayed fluctuating performance over the past five years. In 2023, the operating profit margin improved to 8.79%, a positive shift from the negative margins reported in 2022 (-2.07%) and 2021 (-3.47%). However, this figure is lower compared to the more favorable operating profit margins seen in 2019 (8.77%) and 2020 (0.93%). The company's ability to generate profits from its core operations has shown variability, with the recent improvement in 2023 indicating potential positive momentum in its profitability.