Dayforce Inc. (DAY)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	9,010,900	8,943,200	8,118,800	10,061,500	8,463,500	8,006,400	9,082,300	11,059,500	7,166,200	9,001,500	6,807,000	7,798,800	6,701,300	5,918,000	5,853,900	6,470,100	6,085,700	5,436,200	6,729,300	7,259,100
Operating ROA		1.48%	1.09%	0.83%	0.31%	-0.30%	-0.33%	-0.43%	-0.47%	-0.50%	-0.67%	-0.66%	-0.27%	0.12%	0.83%	0.97%	1.10%	1.19%	1.34%	1.23%	0.76%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $133,100K ÷ $9,010,900K
= 1.48%

Operating return on assets (ROA) is a key financial ratio that indicates the efficiency of Dayforce Inc. in generating operating income relative to its total assets. A higher operating ROA suggests better operational efficiency and profitability.

From the data provided, Dayforce Inc.'s operating ROA has shown fluctuating trends over the past few quarters. The company experienced a negative operating ROA in the first half of 2022, indicating operational inefficiencies and lower profitability during that period. However, there has been a positive turnaround since the second half of 2022, with the operating ROA gradually improving.

Specifically, in the most recent quarter (December 31, 2023), the operating ROA stood at 1.48%, demonstrating a notable increase from the negative figures observed in 2022. This improvement suggests that Dayforce Inc. has been able to enhance its operational performance and effectively utilize its assets to generate operating income.

Overall, the positive trend in operating ROA from the second half of 2022 to the end of 2023 indicates that Dayforce Inc. has been making strides towards improving its operational efficiency and profitability, which bodes well for its financial health and performance in the future.