Dayforce Inc. (DAY)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,398,200	2,109,400	2,227,500	2,098,200	1,882,300
ROE		2.29%	-3.48%	-3.38%	-0.19%	4.18%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $54,800K ÷ $2,398,200K
= 2.29%

Dayforce Inc.'s return on equity (ROE) has fluctuated over the past five years. In 2023, the ROE was 2.29%, indicating a slight improvement compared to the negative ROE figures in the preceding years. The negative ROE in 2022 and 2021 at -3.48% and -3.38%, respectively, suggest that the company's net income was insufficient to generate returns for shareholders.

The ROE was also negative in 2020 at -0.19%, indicating further challenges in profitability. However, there was a positive ROE of 4.18% in 2019, suggesting a more favorable financial performance that year. Overall, the trend in ROE for Dayforce Inc. shows a mix of negative and positive results, with 2023 showing a slight improvement from the previous years. This indicates that the company may be working towards enhancing its profitability and efficiency in utilizing shareholders' equity.