Paychex Working Capital vs Total Assets Analysis
PAYX Stock | USD 121.23 1.71 1.43% |
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 Working Capital and its Total Assets 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.
Working Capital vs Total Assets
Working Capital vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paychex Working Capital account and Total Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Paychex's Working Capital and Total Assets is 0.0. Overlapping area represents the amount of variation of Working Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of Paychex, assuming nothing else is changed. The correlation between historical values of Paychex's Working 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 Working Capital of Paychex 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 Working Capital i.e., Paychex's Working Capital and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.0 |
Relationship Direction | Flat |
Relationship Strength | Insignificant |
Working Capital
The difference between a company’s current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Total Assets
Total assets refers to the total amount of Paychex 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 Paychex 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 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 |
Paychex fundamental ratios Correlations
Click cells to compare fundamentals
Paychex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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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.