Dayforce Inc. (DAY)

Return on assets (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
Net income (ttm)	US$ in thousands	54,800	4,000	-13,200	-36,100	-73,400	-77,700	-77,600	-83,600	-75,400	-83,200	-63,100	-31,800	-4,000	11,800	75,300	76,100	78,700	78,100	19,600	-50,000
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
ROA		0.61%	0.04%	-0.16%	-0.36%	-0.87%	-0.97%	-0.85%	-0.76%	-1.05%	-0.92%	-0.93%	-0.41%	-0.06%	0.20%	1.29%	1.18%	1.29%	1.44%	0.29%	-0.69%

December 31, 2023 calculation

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

The return on assets (ROA) for Dayforce Inc. has displayed fluctuating trends over the past few quarters. Specifically, the company's ROA has been mostly negative, indicating challenges in generating profits from its assets.

From the data provided, it is evident that there was a gradual improvement in ROA from the negative values of -1.05% in Dec 2021 to the positive values of 1.29% in Mar 2020 and Dec 2019. However, the ROA dipped back into negative territory from Jun 2020 to Dec 2023, reaching a low of -1.05%.

The recent positive ROA values in Mar 2020 and Dec 2019 suggest that the company was able to generate higher returns relative to its assets during those periods. Conversely, the persistently negative ROA figures since Jun 2020 onwards imply that Dayforce Inc. may be facing challenges in effectively utilizing its assets to generate profits.

Overall, the fluctuating ROA trends of Dayforce Inc. indicate the need for careful monitoring and strategic planning to improve the company's efficiency in utilizing its assets to enhance profitability.