Dayforce Inc. (DAY)

Return on assets (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
Net income (ttm)	US$ in thousands	18,100	52,900	47,100	52,000	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
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
ROA		0.20%	0.65%	0.52%	0.48%	0.61%	0.04%	-0.16%	-0.36%	-0.93%	-0.97%	-0.85%	-0.76%	-1.05%	-0.92%	-0.93%	-0.41%	-0.06%	0.20%	1.29%	1.18%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $18,100K ÷ $9,117,000K
= 0.20%

The return on assets (ROA) for Dayforce Inc. has shown fluctuations over the past few years. Starting at 1.18% in March 2020, the ROA increased to 1.29% by June 2020 before experiencing a significant drop to 0.20% in September 2020. Throughout the following quarters of 2020 and into 2021, the ROA remained negative, indicating that the company's net income was insufficient to cover its total assets.

There was a slight improvement in the ROA towards the end of 2021, with the ratio moving from -1.05% in December 2021 to 0.61% by the end of March 2024. This positive trend continued as the ROA reached 0.65% by September 2024, but then dipped slightly to 0.20% by December 2024.

Overall, the ROA trend for Dayforce Inc. shows a mix of negative and positive values, suggesting fluctuations in the company's ability to generate profit relative to its total assets. It would be important to further analyze the reasons behind these changes to assess the company's financial health accurately.