Dayforce Inc. (DAY)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	54,800	-73,400	-75,400	-4,000	78,700
Total assets	US$ in thousands	9,010,900	8,463,500	7,166,200	6,701,300	6,085,700
ROA		0.61%	-0.87%	-1.05%	-0.06%	1.29%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $54,800K ÷ $9,010,900K
= 0.61%

ROA is a financial metric that indicates the profitability of a company relative to its total assets. Dayforce Inc.'s ROA has exhibited fluctuating trends over the past five years. In 2023, the ROA improved to 0.61% compared to the previous year's -0.87%. However, it remained below the levels seen in 2019 and 2021 when it was 1.29% and -1.05%, respectively. The negative ROA observed in 2020 (-0.06%) suggests that the company's net income was insufficient to generate a positive return on its assets during that period. Overall, Dayforce Inc.'s ROA performance indicates varying levels of efficiency in utilizing its assets to generate profits over the years, with 2023 showing some improvement from the previous year.