Paylocity Net Invested Capital vs Total Assets Analysis
PCTY Stock | USD 169.82 2.76 1.60% |
Paylocity Holdng financial indicator trend analysis is much more than just breaking down Paylocity Holdng prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paylocity Holdng is a good investment. Please check the relationship between Paylocity Holdng Net Invested Capital and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paylocity Holdng. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Paylocity Stock please use our How to Invest in Paylocity Holdng guide.
Net Invested Capital vs Total Assets
Net Invested Capital vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paylocity Holdng Net Invested Capital account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Paylocity Holdng's Net Invested Capital and Total Assets is 0.86. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of Paylocity Holdng, assuming nothing else is changed. The correlation between historical values of Paylocity Holdng's Net Invested Capital and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Paylocity Holdng are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Invested Capital i.e., Paylocity Holdng's Net Invested Capital and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Total Assets
Total assets refers to the total amount of Paylocity Holdng assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Paylocity Holdng books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Paylocity Holdng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paylocity Holdng current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paylocity Holdng. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Paylocity Stock please use our How to Invest in Paylocity Holdng guide.At this time, Paylocity Holdng's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 21.5 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.15 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 565.6M | 807.6M | 928.7M | 975.1M | Total Revenue | 852.7M | 1.2B | 1.4B | 1.4B |
Paylocity Holdng fundamental ratios Correlations
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Paylocity Holdng Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Paylocity Holdng fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 2.4B | 4.8B | 3.7B | 4.3B | 4.5B | |
Short Long Term Debt Total | 173.3M | 67.2M | 77.5M | 62.5M | 71.8M | 48.0M | |
Other Current Liab | 1.4B | 1.8B | 4.1B | 2.7B | 3.1B | 3.3B | |
Total Current Liabilities | 1.4B | 1.9B | 4.1B | 2.8B | 3.2B | 3.4B | |
Total Stockholder Equity | 392.9M | 476.9M | 613.5M | 842.9M | 969.3M | 1.0B | |
Property Plant And Equipment Net | 115.4M | 103.8M | 112.0M | 108.1M | 124.4M | 130.6M | |
Current Deferred Revenue | 8.8M | 9.4M | 13.5M | 24.5M | 28.2M | 14.5M | |
Net Debt | (77.6M) | (135.1M) | (62.2M) | (226.3M) | (203.7M) | (193.5M) | |
Retained Earnings | 164.3M | 235.1M | 325.9M | 466.7M | 536.7M | 563.5M | |
Accounts Payable | 1.8M | 4.2M | 8.4M | 6.2M | 7.1M | 7.4M | |
Cash | 250.9M | 202.3M | 139.8M | 288.8M | 332.1M | 348.7M | |
Non Current Assets Total | 322.5M | 382.0M | 577.3M | 647.2M | 744.3M | 781.5M | |
Cash And Short Term Investments | 285.4M | 206.7M | 139.8M | 288.8M | 332.1M | 348.7M | |
Net Receivables | 4.9M | 6.3M | 15.8M | 25.1M | 28.8M | 30.3M | |
Common Stock Shares Outstanding | 55.8M | 56.3M | 56.4M | 56.6M | 65.1M | 55.8M | |
Liabilities And Stockholders Equity | 2.0B | 2.4B | 4.8B | 3.7B | 4.3B | 4.5B | |
Non Current Liabilities Total | 183.8M | 70.9M | 75.0M | 78.0M | 89.7M | 94.2M | |
Other Current Assets | 80.1M | 64.7M | 4.1B | 35.1M | 40.3M | 38.3M | |
Other Stockholder Equity | 227.9M | 241.7M | 289.8M | 1.6M | 1.9M | 1.8M | |
Total Liab | 1.6B | 1.9B | 4.2B | 2.9B | 3.3B | 3.4B | |
Property Plant And Equipment Gross | 115.4M | 103.8M | 112.0M | 108.1M | 124.4M | 130.6M | |
Total Current Assets | 1.7B | 2.0B | 4.2B | 3.0B | 3.5B | 3.7B | |
Accumulated Other Comprehensive Income | 675K | 66K | (2.3M) | (4.5M) | (5.2M) | (5.5M) | |
Short Term Debt | 8.1M | 7.5M | 8.4M | 7.8M | 9.0M | 4.6M | |
Intangible Assets | 49.9M | 58.0M | 107.5M | 120.7M | 138.8M | 145.7M | |
Other Liab | 10.5M | 3.7M | 5.9M | 15.6M | 17.9M | 12.0M | |
Property Plant Equipment | 66.7M | 103.8M | 112.0M | 108.1M | 124.4M | 130.6M | |
Net Tangible Assets | 321.4M | 385.2M | 404.1M | 620.2M | 713.2M | 748.8M | |
Non Currrent Assets Other | 128.0M | 174.9M | 236.8M | 6.3M | 7.3M | 6.9M | |
Other Assets | 133.0M | 186.5M | 255.9M | 316.4M | 363.9M | 382.1M | |
Good Will | 21.7M | 33.7M | 101.9M | 102.1M | 117.4M | 123.2M | |
Retained Earnings Total Equity | (6.7M) | 99.8M | 164.3M | 235.1M | 270.4M | 283.9M | |
Short Term Investments | 732K | 29.3M | 34.6M | 4.5M | 5.1M | 9.0M | |
Capital Surpluse | 219.6M | 208.0M | 227.9M | 241.7M | 278.0M | 212.1M | |
Inventory | 1.3B | 1.8B | 4.5M | 2.7B | 3.1B | 3.3B | |
Deferred Long Term Liab | 8.8M | 170.7M | 229.1M | 294.2M | 338.4M | 355.3M | |
Net Invested Capital | 492.9M | 476.9M | 613.5M | 842.9M | 969.3M | 486.3M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Paylocity Holdng offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Paylocity Holdng's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Paylocity Holdng Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Paylocity Holdng Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paylocity Holdng. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Paylocity Stock please use our How to Invest in Paylocity Holdng guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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Is Paylocity Holdng's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paylocity Holdng. If investors know Paylocity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paylocity Holdng listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.333 | Earnings Share 3.43 | Revenue Per Share 24.118 | Quarterly Revenue Growth 0.282 | Return On Assets 0.0337 |
The market value of Paylocity Holdng is measured differently than its book value, which is the value of Paylocity that is recorded on the company's balance sheet. Investors also form their own opinion of Paylocity Holdng's value that differs from its market value or its book value, called intrinsic value, which is Paylocity Holdng's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paylocity Holdng's market value can be influenced by many factors that don't directly affect Paylocity Holdng's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paylocity Holdng's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paylocity Holdng is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paylocity Holdng's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.