Dayforce Inc. (DAY)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 96,000 | -62,900 | -90,300 | -20,000 | 34,300 |
| Revenue | US$ in thousands | 1,513,700 | 1,246,200 | 1,024,200 | 842,500 | 824,100 |
| Pretax margin | 6.34% | -5.05% | -8.82% | -2.37% | 4.16% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $96,000K ÷ $1,513,700K
= 6.34%
The pretax margin of Dayforce Inc. has varied over the past five years, with a noticeable improvement in profitability from a negative pre-tax margin of -5.05% in 2022 to a positive 6.34% in 2023. The company's financial performance in 2021 and 2020 reflected negative pretax margins of -8.82% and -2.37%, respectively, indicating financial challenges during those years. In 2019, the company managed to achieve a pretax margin of 4.16%.
Overall, the recent improvement in pretax margin suggests that Dayforce Inc. has been able to enhance its operational efficiency and control costs, leading to a more profitable performance in the most recent year. However, further analysis of the company's revenue trends, cost structure, and overall financial health would provide a more comprehensive understanding of its financial performance.
Peer comparison
Dec 31, 2023