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.