Dayforce's Total Assets for the quarter that ended in Dec. 2023 was €8,263 Mil.
Warning Sign:
If a company builds assets at 10.9% a year, faster than its revenue growth rate of 9.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Dayforce's average Total Assets Growth Rate was 5.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 9.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.90% per year.
During the past 9 years, Dayforce's highest 3-Year average Total Assets Growth Rate was 11.40%. The lowest was -2.10%. And the median was 9.00%.
Total Assets is connected with ROA %. Dayforce's annualizedROA % for the quarter that ended in Dec. 2023 was 2.01%. Total Assets is also linked to Revenue through Asset Turnover. Dayforce's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.
Dayforce Total Assets Historical Data
The historical data trend for Dayforce's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Dayforce's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Dayforce's Asset Turnover for the quarter that ended in Dec. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Dayforce Total Assets Related Terms
Thank you for viewing the detailed overview of Dayforce's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Ceridian HCM provides payroll and human capital management solutions targeting clients with 100-100,000 employees. Following the 2012 acquisition of Dayforce, Ceridian pivoted away from its legacy on-premises Bureau business to become a cloud HCM provider. As of fiscal 2022, about 80% of group revenue was derived from the flagship Dayforce platform geared toward enterprise clients. The remaining revenue is about evenly split between cloud platform Powerpay, targeting small businesses in Canada, and legacy Bureau products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:CQL has been successfully added to your 