Dayforce Inc. (DAY)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 96,000 | 58,000 | 28,500 | -10,100 | -62,900 | -70,900 | -83,300 | -102,100 | -90,300 | -107,400 | -84,300 | -49,400 | -20,000 | 19,200 | 22,600 | 34,200 | 34,300 | 33,700 | 40,100 | -30,700 |
| 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 |
| Pretax margin | 6.34% | 4.00% | 2.05% | -0.76% | -5.05% | -5.95% | -7.35% | -9.43% | -8.82% | -11.13% | -9.24% | -5.78% | -2.37% | 2.28% | 2.69% | 4.06% | 4.16% | 4.20% | 5.14% | -4.02% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $96,000K ÷ $1,513,700K
= 6.34%
The pretax margin of Dayforce Inc. has fluctuated over the period analyzed. It ranged from negative figures in some quarters to positive figures in others. The pretax margin measures the company's efficiency in generating profits before taxes relative to its total revenue.
In the most recent quarter, the pretax margin was 6.34%, indicating the company retained approximately 6.34 cents of each dollar of revenue before tax expenses. This is an improvement compared to the previous quarter. However, it is essential to monitor the trend over multiple periods to assess the company's overall financial performance and efficiency in managing costs.
The company experienced negative pretax margins in some quarters, suggesting challenges in generating profits or controlling costs. It is crucial for Dayforce Inc. to focus on improving operational efficiency and cost management to sustain positive pretax margins over time. Furthermore, a detailed analysis of the company's revenue and cost structure may provide insights into the factors driving these fluctuations in the pretax margin.
Peer comparison
Dec 31, 2023