Dayforce Inc. (DAY)

Operating 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
Operating income (ttm)	US$ in thousands	133,100	97,600	67,400	31,500	-25,800	-26,500	-38,800	-52,000	-35,500	-60,000	-44,600	-20,900	7,800	49,400	56,500	71,200	72,300	72,900	82,600	55,500
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
Operating profit margin		8.79%	6.73%	4.86%	2.38%	-2.07%	-2.22%	-3.42%	-4.80%	-3.47%	-6.22%	-4.89%	-2.45%	0.93%	5.87%	6.73%	8.45%	8.77%	9.08%	10.59%	7.27%

December 31, 2023 calculation

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

The operating profit margin of Dayforce Inc. has shown varying trends over the past few quarters. In the most recent quarter ending December 31, 2023, the operating profit margin was 8.79%, indicating that the company generated $0.0879 of operating profit for every dollar of revenue. This represents an improvement from the previous quarters, with margins of 6.73% in September 2023 and 4.86% in June 2023.

Looking back over the past year, Dayforce Inc. experienced negative operating profit margins in the quarters ending December 31, 2022, and September 30, 2022, at -2.07% and -2.22%, respectively. However, the company managed to improve its margin performance throughout 2022, transitioning from negative margins to positive margins by March 31, 2022.

Furthermore, the company demonstrated its strongest operating profit margin in recent years during the quarters ending December 31, 2019, and September 30, 2019, at 8.77% and 9.08%, respectively. Since then, the margins experienced fluctuations but generally remained in the single-digit range, indicating the company's ability to efficiently convert revenue into operating profit during these periods.

Overall, the analysis highlights the dynamic nature of Dayforce Inc.'s operating profit margins, showcasing both improvements and challenges in its profitability performance across different quarters.