Dayforce Inc. (DAY)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 114,600 | 124,900 | 130,600 | 135,400 | 133,100 | 75,900 | 39,800 | -1,900 | -59,200 | -38,200 | -44,600 | -52,000 | -35,500 | -60,000 | -44,600 | -20,900 | 7,800 | 49,400 | 43,500 | 58,200 |
| Total assets | US$ in thousands | 9,117,000 | 8,117,000 | 9,046,100 | 10,775,200 | 9,010,900 | 8,943,200 | 8,118,800 | 10,061,500 | 7,917,200 | 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 |
| Operating ROA | 1.26% | 1.54% | 1.44% | 1.26% | 1.48% | 0.85% | 0.49% | -0.02% | -0.75% | -0.48% | -0.49% | -0.47% | -0.50% | -0.67% | -0.66% | -0.27% | 0.12% | 0.83% | 0.74% | 0.90% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $114,600K ÷ $9,117,000K
= 1.26%
Dayforce Inc.'s operating return on assets (operating ROA) has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. Starting at 0.90% in March 2020, the operating ROA decreased to its lowest point of -0.75% by December 2022. From there on, the operating ROA showed signs of improvement, gradually increasing to 1.26% by December 2024.
The negative values recorded between March 2021 and June 2023 indicate that Dayforce Inc.'s operating income was insufficient to cover its operating expenses during those periods. However, the positive trend from March 2023 onwards suggests progress in enhancing operational efficiency and profitability.
Overall, the increasing trend in operating ROA from December 2022 to December 2024 indicates a potential improvement in the company's ability to generate profits from its assets. Investors and stakeholders may view this positively as it reflects better management of assets to drive profitability in the long term. It would be essential for Dayforce Inc. to sustain this positive momentum and continue efforts to optimize asset utilization for sustained financial health and growth.
Peer comparison
Dec 31, 2024