Dayforce Inc. (DAY)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,398,200	2,266,900	2,240,200	2,194,200	2,109,400	2,051,200	2,094,300	2,140,800	2,227,500	2,221,800	2,199,800	2,159,300	2,098,200	2,036,300	1,985,700	1,885,600	1,882,300	1,853,100	1,757,100	1,686,800
ROE		2.29%	0.18%	-0.59%	-1.65%	-3.48%	-3.79%	-3.71%	-3.91%	-3.38%	-3.74%	-2.87%	-1.47%	-0.19%	0.58%	3.79%	4.04%	4.18%	4.21%	1.12%	-2.96%

December 31, 2023 calculation

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

Dayforce Inc.'s return on equity (ROE) has exhibited fluctuating trends over the past several quarters. ROE is a measure of a company's profitability from the perspective of its shareholders. From the data provided, we observe that ROE was consistently negative from March 2021 to September 2022, indicating that the company was not generating sufficient profits relative to its shareholders' equity during this period.

However, there has been a recent improvement in Dayforce Inc.'s ROE performance. The company achieved positive ROE figures in the last five quarters, with the ROE climbing from 1.12% in March 2019 to 4.21% in March 2020. This improvement suggests that the company has been able to enhance its profitability and generate higher returns for its shareholders.

It is important to note that while positive ROE figures are generally favorable, investors should also consider the sustainability and consistency of these returns over time. Dayforce Inc. should continue to monitor and work towards improving its ROE as it indicates the efficiency of the company in utilizing its equity to generate profits for its shareholders.