Paychex Gross Profit vs Cost of Revenue Analysis

PAYX Stock  USD 122.80  1.27  1.05%   
Paychex financial indicator trend analysis is much more than just breaking down Paychex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paychex is a good investment. Please check the relationship between Paychex Gross Profit and its Cost Of Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paychex Gross Profit account and Cost of Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Paychex's Gross Profit and Cost of Revenue is 0.99. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Paychex, assuming nothing else is changed. The correlation between historical values of Paychex's Gross Profit and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Paychex are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Gross Profit i.e., Paychex's Gross Profit and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Paychex minus its cost of goods sold. It is profit before Paychex operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Cost Of Revenue

Cost of Revenue is found on Paychex income statement and represents the costs associated with goods and services Paychex provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Paychex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paychex 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 Paychex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.At this time, Paychex's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 25.39 in 2024, whereas Tax Provision is likely to drop slightly above 427.9 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.3B3.6B4.1B4.3B
Total Revenue4.6B5.0B5.8B6.0B

Paychex fundamental ratios Correlations

0.630.960.940.990.95-0.250.970.840.940.430.90.89-0.230.810.260.971.00.98-0.320.940.740.860.850.840.9
0.630.70.710.550.74-0.040.490.270.540.240.340.330.530.330.180.540.660.640.150.640.920.420.340.310.44
0.960.71.00.90.91-0.340.890.690.810.30.780.75-0.120.610.180.880.980.99-0.070.880.70.690.710.670.74
0.940.711.00.890.9-0.360.870.660.780.270.750.73-0.090.570.170.870.970.98-0.020.870.70.670.690.650.71
0.990.550.90.890.93-0.230.980.890.960.460.950.94-0.310.870.280.980.970.96-0.430.920.710.90.90.880.94
0.950.740.910.90.93-0.140.880.750.920.410.790.78-0.040.780.270.920.950.92-0.250.930.850.840.780.780.86
-0.25-0.04-0.34-0.36-0.23-0.14-0.25-0.39-0.050.71-0.25-0.150.350.060.72-0.22-0.26-0.34-0.28-0.020.03-0.03-0.18-0.09-0.02
0.970.490.890.870.980.88-0.250.890.930.430.970.93-0.370.850.270.940.950.94-0.480.880.640.850.860.850.91
0.840.270.690.660.890.75-0.390.890.880.240.920.9-0.510.890.020.870.80.78-0.610.730.520.890.890.890.91
0.940.540.810.780.960.92-0.050.930.880.570.890.92-0.230.950.340.950.920.86-0.550.920.750.970.910.920.99
0.430.240.30.270.460.410.710.430.240.570.430.550.020.610.890.480.410.33-0.50.580.410.560.480.540.59
0.90.340.780.750.950.79-0.250.970.920.890.430.95-0.480.870.290.920.870.86-0.580.80.550.840.870.880.9
0.890.330.750.730.940.78-0.150.930.90.920.550.95-0.450.90.380.950.860.84-0.560.860.560.920.930.940.94
-0.230.53-0.12-0.09-0.31-0.040.35-0.37-0.51-0.230.02-0.48-0.45-0.340.08-0.29-0.18-0.210.43-0.120.36-0.28-0.4-0.38-0.31
0.810.330.610.570.870.780.060.850.890.950.610.870.9-0.340.370.850.770.7-0.770.810.620.960.890.930.98
0.260.180.180.170.280.270.720.270.020.340.890.290.380.080.370.320.250.21-0.30.460.30.330.250.380.35
0.970.540.880.870.980.92-0.220.940.870.950.480.920.95-0.290.850.320.950.93-0.360.920.710.910.930.90.93
1.00.660.980.970.970.95-0.260.950.80.920.410.870.86-0.180.770.250.950.99-0.260.940.750.830.820.80.87
0.980.640.990.980.960.92-0.340.940.780.860.330.860.84-0.210.70.210.930.99-0.180.90.70.760.780.750.81
-0.320.15-0.07-0.02-0.43-0.25-0.28-0.48-0.61-0.55-0.5-0.58-0.560.43-0.77-0.3-0.36-0.26-0.18-0.33-0.16-0.59-0.47-0.6-0.64
0.940.640.880.870.920.93-0.020.880.730.920.580.80.86-0.120.810.460.920.940.9-0.330.770.880.80.850.89
0.740.920.70.70.710.850.030.640.520.750.410.550.560.360.620.30.710.750.7-0.160.770.70.590.610.69
0.860.420.690.670.90.84-0.030.850.890.970.560.840.92-0.280.960.330.910.830.76-0.590.880.70.930.960.98
0.850.340.710.690.90.78-0.180.860.890.910.480.870.93-0.40.890.250.930.820.78-0.470.80.590.930.90.93
0.840.310.670.650.880.78-0.090.850.890.920.540.880.94-0.380.930.380.90.80.75-0.60.850.610.960.90.95
0.90.440.740.710.940.86-0.020.910.910.990.590.90.94-0.310.980.350.930.870.81-0.640.890.690.980.930.95
Click cells to compare fundamentals

Paychex Account Relationship Matchups

Paychex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.6B9.2B9.6B10.5B12.1B12.7B
Short Long Term Debt Total898.8M897.1M881.2M865.7M995.6M513.2M
Other Current Liab4.3B4.8B5.1B5.7B6.5B6.8B
Total Current Liabilities4.4B4.9B5.3B5.8B6.7B7.0B
Total Stockholder Equity2.8B2.9B3.1B3.5B4.0B4.2B
Property Plant And Equipment Net522.2M498.8M480M457.8M526.5M552.8M
Net Debt(6.4M)(98.1M)511.2M(356.3M)(409.7M)(389.3M)
Retained Earnings1.4B1.4B1.7B2.0B2.3B2.4B
Cash905.2M995.2M370M1.2B1.4B1.5B
Non Current Assets Total3.1B3.1B3.1B3.0B3.5B3.6B
Non Currrent Assets Other59.5M71.2M347M65.2M75.0M78.7M
Cash And Short Term Investments932.4M1.0B1.2B1.6B1.8B1.9B
Net Receivables790.3M1.1B1.3B1.4B1.6B1.7B
Common Stock Shares Outstanding361M362.1M363.1M362.3M326.1M300.9M
Liabilities And Stockholders Equity8.6B9.2B9.6B10.5B12.1B12.7B
Non Current Liabilities Total1.3B1.3B1.3B1.2B1.4B1.5B
Other Current Assets244.8M249.2M4.0B289.8M333.3M316.6M
Other Stockholder Equity1.3B1.4B1.5B1.6B1.9B2.0B
Total Liab5.8B6.3B6.6B7.1B8.1B8.5B
Total Current Assets5.5B6.2B6.6B7.5B8.7B9.1B
Accounts Payable79.4M89M105.7M84.7M97.4M102.3M
Property Plant And Equipment Gross522.2M498.8M480M457.8M526.5M286.1M
Accumulated Other Comprehensive Income56.5M51.8M(133.9M)(159.9M)(183.9M)(174.7M)
Other Liab415.1M448.7M451.3M408.3M469.5M493.0M
Current Deferred Revenue39.2M37.9M38.4M47.3M54.4M57.1M
Other Assets397.7M432M455.3M512.5M589.4M618.8M
Good Will1.8B1.8B1.8B1.8B2.1B2.2B
Short Term Investments27.2M36.7M853.9M373.4M336.1M306.6M
Inventory3.9B3.5B3.8B4.2B4.8B5.1B
Intangible Assets330.6M275.8M224.6M187.4M215.5M172.5M
Property Plant Equipment407.4M498.8M480M396.3M455.7M324.8M
Net Tangible Assets659.7M851.5M1.0B1.5B1.3B821.8M
Long Term Debt796.8M797.3M797.7M798.2M917.9M963.8M
Retained Earnings Total Equity1.4B1.4B1.7B2.0B2.3B1.3B
Capital Surpluse1.3B1.4B1.5B1.6B1.9B1.1B
Deferred Long Term Liab240.8M384.1M433.3M112.1M128.9M134.3M

Paychex Investors Sentiment

The influence of Paychex's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Paychex. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Paychex's public news can be used to forecast risks associated with an investment in Paychex. The trend in average sentiment can be used to explain how an investor holding Paychex can time the market purely based on public headlines and social activities around Paychex. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Paychex's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Paychex's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Paychex's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Paychex.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Paychex in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Paychex's short interest history, or implied volatility extrapolated from Paychex options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Paychex using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Paychex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Paychex'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 Paychex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Paychex Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Paychex Stock analysis

When running Paychex's price analysis, check to measure Paychex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paychex is operating at the current time. Most of Paychex's value examination focuses on studying past and present price action to predict the probability of Paychex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paychex's price. Additionally, you may evaluate how the addition of Paychex to your portfolios can decrease your overall portfolio volatility.
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Share Portfolio
Track or share privately all of your investments from the convenience of any device
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Equity Valuation
Check real value of public entities based on technical and fundamental data
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Is Paychex'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 Paychex. If investors know Paychex 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 Paychex 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
0.091
Dividend Share
3.46
Earnings Share
4.5
Revenue Per Share
14.294
Quarterly Revenue Growth
0.057
The market value of Paychex is measured differently than its book value, which is the value of Paychex that is recorded on the company's balance sheet. Investors also form their own opinion of Paychex's value that differs from its market value or its book value, called intrinsic value, which is Paychex'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 Paychex's market value can be influenced by many factors that don't directly affect Paychex'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 Paychex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paychex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paychex'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.