Dayforce Inc. (DAY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,546,300 | 2,556,000 | 2,475,800 | 2,432,800 | 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 |
| ROE | 0.71% | 2.07% | 1.90% | 2.14% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $18,100K ÷ $2,546,300K
= 0.71%
Dayforce Inc.'s return on equity (ROE) has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The ROE started at 4.04% in March 2020, gradually declined, and turned negative starting from December 2020 until March 2023, indicating that the company was not generating positive returns relative to its shareholders' equity during this period.
However, the company's ROE started to recover in the following quarters, with positive ROE values recorded from December 31, 2023, to December 31, 2024. This recovery suggests that Dayforce Inc. improved its profitability and efficiency in utilizing its equity to generate earnings for shareholders during this period.
It is important for stakeholders and investors to closely monitor the trend of ROE to assess the company's financial performance and the effectiveness of its management in creating value for shareholders. The recent positive trend in ROE for Dayforce Inc. indicates an improvement in its financial performance and efficiency in utilizing equity, which may be a positive signal for investors.
Peer comparison
Dec 31, 2024