Paychex Payout Ratio vs Receivables Turnover Analysis

PAYX Stock

USD 117.79 1.35 1.13%

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 Payout Ratio and its Receivables Turnover 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.

Payout Ratio vs Receivables Turnover

Payout Ratio vs Receivables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paychex Payout Ratio account and Receivables Turnover. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Paychex's Payout Ratio and Receivables Turnover is 0.17. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Receivables Turnover in the same time period over historical financial statements of Paychex, assuming nothing else is changed. The correlation between historical values of Paychex's Payout Ratio and Receivables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Paychex are associated (or correlated) with its Receivables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Receivables Turnover has no effect on the direction of Payout Ratio i.e., Paychex's Payout Ratio and Receivables Turnover go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Payout Ratio

Payout Ratio is the proportion of Paychex earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Paychex dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Paychex is paying out more in dividends than it makes in net income.

Receivables Turnover

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. Sales General And Administrative To Revenue is likely to rise to 0.37 in 2024, whereas Tax Provision is likely to drop slightly above 427.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.3B	3.6B	4.1B	4.3B
Total Revenue	4.6B	5.0B	5.8B	6.0B

Gross Profit Total Revenue

Paychex fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Property Plant And Equipment Gross	Other Liab	Current Deferred Revenue	Other Assets	Good Will
Total Assets		0.63	0.96	0.94	0.99	0.95	-0.25	0.97	0.84	0.94	0.43	0.9	0.89	-0.23	0.81	0.26	0.97	1.0	0.98	-0.32	0.94	0.74	0.86	0.85	0.84	0.9
Short Long Term Debt Total	0.63		0.7	0.71	0.55	0.74	-0.04	0.49	0.27	0.54	0.24	0.34	0.33	0.53	0.33	0.18	0.54	0.66	0.64	0.15	0.64	0.92	0.42	0.34	0.31	0.44
Other Current Liab	0.96	0.7		1.0	0.9	0.91	-0.34	0.89	0.69	0.81	0.3	0.78	0.75	-0.12	0.61	0.18	0.88	0.98	0.99	-0.07	0.88	0.7	0.69	0.71	0.67	0.74
Total Current Liabilities	0.94	0.71	1.0		0.89	0.9	-0.36	0.87	0.66	0.78	0.27	0.75	0.73	-0.09	0.57	0.17	0.87	0.97	0.98	-0.02	0.87	0.7	0.67	0.69	0.65	0.71
Total Stockholder Equity	0.99	0.55	0.9	0.89		0.93	-0.23	0.98	0.89	0.96	0.46	0.95	0.94	-0.31	0.87	0.28	0.98	0.97	0.96	-0.43	0.92	0.71	0.9	0.9	0.88	0.94
Property Plant And Equipment Net	0.95	0.74	0.91	0.9	0.93		-0.14	0.88	0.75	0.92	0.41	0.79	0.78	-0.04	0.78	0.27	0.92	0.95	0.92	-0.25	0.93	0.85	0.84	0.78	0.78	0.86
Net Debt	-0.25	-0.04	-0.34	-0.36	-0.23	-0.14		-0.25	-0.39	-0.05	0.71	-0.25	-0.15	0.35	0.06	0.72	-0.22	-0.26	-0.34	-0.28	-0.02	0.03	-0.03	-0.18	-0.09	-0.02
Retained Earnings	0.97	0.49	0.89	0.87	0.98	0.88	-0.25		0.89	0.93	0.43	0.97	0.93	-0.37	0.85	0.27	0.94	0.95	0.94	-0.48	0.88	0.64	0.85	0.86	0.85	0.91
Cash	0.84	0.27	0.69	0.66	0.89	0.75	-0.39	0.89		0.88	0.24	0.92	0.9	-0.51	0.89	0.02	0.87	0.8	0.78	-0.61	0.73	0.52	0.89	0.89	0.89	0.91
Non Current Assets Total	0.94	0.54	0.81	0.78	0.96	0.92	-0.05	0.93	0.88		0.57	0.89	0.92	-0.23	0.95	0.34	0.95	0.92	0.86	-0.55	0.92	0.75	0.97	0.91	0.92	0.99
Non Currrent Assets Other	0.43	0.24	0.3	0.27	0.46	0.41	0.71	0.43	0.24	0.57		0.43	0.55	0.02	0.61	0.89	0.48	0.41	0.33	-0.5	0.58	0.41	0.56	0.48	0.54	0.59
Cash And Short Term Investments	0.9	0.34	0.78	0.75	0.95	0.79	-0.25	0.97	0.92	0.89	0.43		0.95	-0.48	0.87	0.29	0.92	0.87	0.86	-0.58	0.8	0.55	0.84	0.87	0.88	0.9
Net Receivables	0.89	0.33	0.75	0.73	0.94	0.78	-0.15	0.93	0.9	0.92	0.55	0.95		-0.45	0.9	0.38	0.95	0.86	0.84	-0.56	0.86	0.56	0.92	0.93	0.94	0.94
Common Stock Shares Outstanding	-0.23	0.53	-0.12	-0.09	-0.31	-0.04	0.35	-0.37	-0.51	-0.23	0.02	-0.48	-0.45		-0.34	0.08	-0.29	-0.18	-0.21	0.43	-0.12	0.36	-0.28	-0.4	-0.38	-0.31
Non Current Liabilities Total	0.81	0.33	0.61	0.57	0.87	0.78	0.06	0.85	0.89	0.95	0.61	0.87	0.9	-0.34		0.37	0.85	0.77	0.7	-0.77	0.81	0.62	0.96	0.89	0.93	0.98
Other Current Assets	0.26	0.18	0.18	0.17	0.28	0.27	0.72	0.27	0.02	0.34	0.89	0.29	0.38	0.08	0.37		0.32	0.25	0.21	-0.3	0.46	0.3	0.33	0.25	0.38	0.35
Other Stockholder Equity	0.97	0.54	0.88	0.87	0.98	0.92	-0.22	0.94	0.87	0.95	0.48	0.92	0.95	-0.29	0.85	0.32		0.95	0.93	-0.36	0.92	0.71	0.91	0.93	0.9	0.93
Total Liab	1.0	0.66	0.98	0.97	0.97	0.95	-0.26	0.95	0.8	0.92	0.41	0.87	0.86	-0.18	0.77	0.25	0.95		0.99	-0.26	0.94	0.75	0.83	0.82	0.8	0.87
Total Current Assets	0.98	0.64	0.99	0.98	0.96	0.92	-0.34	0.94	0.78	0.86	0.33	0.86	0.84	-0.21	0.7	0.21	0.93	0.99		-0.18	0.9	0.7	0.76	0.78	0.75	0.81
Short Term Debt	-0.32	0.15	-0.07	-0.02	-0.43	-0.25	-0.28	-0.48	-0.61	-0.55	-0.5	-0.58	-0.56	0.43	-0.77	-0.3	-0.36	-0.26	-0.18		-0.33	-0.16	-0.59	-0.47	-0.6	-0.64
Accounts Payable	0.94	0.64	0.88	0.87	0.92	0.93	-0.02	0.88	0.73	0.92	0.58	0.8	0.86	-0.12	0.81	0.46	0.92	0.94	0.9	-0.33		0.77	0.88	0.8	0.85	0.89
Property Plant And Equipment Gross	0.74	0.92	0.7	0.7	0.71	0.85	0.03	0.64	0.52	0.75	0.41	0.55	0.56	0.36	0.62	0.3	0.71	0.75	0.7	-0.16	0.77		0.7	0.59	0.61	0.69
Other Liab	0.86	0.42	0.69	0.67	0.9	0.84	-0.03	0.85	0.89	0.97	0.56	0.84	0.92	-0.28	0.96	0.33	0.91	0.83	0.76	-0.59	0.88	0.7		0.93	0.96	0.98
Current Deferred Revenue	0.85	0.34	0.71	0.69	0.9	0.78	-0.18	0.86	0.89	0.91	0.48	0.87	0.93	-0.4	0.89	0.25	0.93	0.82	0.78	-0.47	0.8	0.59	0.93		0.9	0.93
Other Assets	0.84	0.31	0.67	0.65	0.88	0.78	-0.09	0.85	0.89	0.92	0.54	0.88	0.94	-0.38	0.93	0.38	0.9	0.8	0.75	-0.6	0.85	0.61	0.96	0.9		0.95
Good Will	0.9	0.44	0.74	0.71	0.94	0.86	-0.02	0.91	0.91	0.99	0.59	0.9	0.94	-0.31	0.98	0.35	0.93	0.87	0.81	-0.64	0.89	0.69	0.98	0.93	0.95

Click cells to compare fundamentals

Paychex Account Relationship Matchups

Paychex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.6B	9.2B	9.6B	10.5B	12.1B	12.7B
Short Long Term Debt Total	898.8M	897.1M	881.2M	865.7M	995.6M	513.2M
Other Current Liab	4.3B	4.8B	5.1B	5.7B	6.5B	6.8B
Total Current Liabilities	4.4B	4.9B	5.3B	5.8B	6.7B	7.0B
Total Stockholder Equity	2.8B	2.9B	3.1B	3.5B	4.0B	4.2B
Property Plant And Equipment Net	522.2M	498.8M	480M	457.8M	526.5M	552.8M
Net Debt	(6.4M)	(98.1M)	511.2M	(356.3M)	(409.7M)	(389.3M)
Retained Earnings	1.4B	1.4B	1.7B	2.0B	2.3B	2.4B
Cash	905.2M	995.2M	370M	1.2B	1.4B	1.5B
Non Current Assets Total	3.1B	3.1B	3.1B	3.0B	3.5B	3.6B
Non Currrent Assets Other	59.5M	71.2M	347M	65.2M	75.0M	78.7M
Cash And Short Term Investments	932.4M	1.0B	1.2B	1.6B	1.8B	1.9B
Net Receivables	790.3M	1.1B	1.3B	1.4B	1.6B	1.7B
Common Stock Shares Outstanding	361M	362.1M	363.1M	362.3M	326.1M	300.9M
Liabilities And Stockholders Equity	8.6B	9.2B	9.6B	10.5B	12.1B	12.7B
Non Current Liabilities Total	1.3B	1.3B	1.3B	1.2B	1.4B	1.5B
Other Current Assets	244.8M	249.2M	4.0B	289.8M	333.3M	316.6M
Other Stockholder Equity	1.3B	1.4B	1.5B	1.6B	1.9B	2.0B
Total Liab	5.8B	6.3B	6.6B	7.1B	8.1B	8.5B
Total Current Assets	5.5B	6.2B	6.6B	7.5B	8.7B	9.1B
Accounts Payable	79.4M	89M	105.7M	84.7M	97.4M	102.3M
Property Plant And Equipment Gross	522.2M	498.8M	480M	457.8M	526.5M	286.1M
Accumulated Other Comprehensive Income	56.5M	51.8M	(133.9M)	(159.9M)	(183.9M)	(174.7M)
Other Liab	415.1M	448.7M	451.3M	408.3M	469.5M	493.0M
Current Deferred Revenue	39.2M	37.9M	38.4M	47.3M	54.4M	57.1M
Other Assets	397.7M	432M	455.3M	512.5M	589.4M	618.8M
Good Will	1.8B	1.8B	1.8B	1.8B	2.1B	2.2B
Short Term Investments	27.2M	36.7M	853.9M	373.4M	336.1M	306.6M
Inventory	3.9B	3.5B	3.8B	4.2B	4.8B	5.1B
Intangible Assets	330.6M	275.8M	224.6M	187.4M	215.5M	172.5M
Property Plant Equipment	407.4M	498.8M	480M	396.3M	455.7M	324.8M
Net Tangible Assets	659.7M	851.5M	1.0B	1.5B	1.3B	821.8M
Long Term Debt	796.8M	797.3M	797.7M	798.2M	917.9M	963.8M
Retained Earnings Total Equity	1.4B	1.4B	1.7B	2.0B	2.3B	1.3B
Capital Surpluse	1.3B	1.4B	1.5B	1.6B	1.9B	1.1B
Deferred Long Term Liab	240.8M	384.1M	433.3M	112.1M	128.9M	134.3M

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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:

How To Invest In Paychex

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Is Paychex Stock a good investment?

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What is Paychex's Net Worth?

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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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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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.

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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

0.07

Dividend Share

3.56

Earnings Share

4.59

Revenue Per Share

14.461

Quarterly Revenue Growth

0.042

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.

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Paychex Payout Ratio vs Receivables Turnover Analysis

Payout Ratio vs Receivables Turnover

Payout Ratio vs Receivables Turnover Correlation Analysis

Correlation Coefficient

Payout Ratio

Receivables Turnover

Paychex fundamental ratios Correlations

Paychex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Paychex fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

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Complementary Tools for Paychex Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Other Current Liab
Good Will	+ 0.99	Non Current Assets Total
Total Current Assets	+ 0.99	Total Liab

Short Term Debt	- 0.77	Non Current Liabilities Total
Good Will	- 0.64	Short Term Debt
Short Term Debt	- 0.61	Cash
Other Assets	- 0.6	Short Term Debt
Other Liab	- 0.59	Short Term Debt
Short Term Debt	- 0.58	Cash And Short Term Investments