Paychex's average Accounts Receivable for the
three
months ended in Feb. 2024 was $1,086 Mil. Paychex's Revenue for the
three
months ended in Feb. 2024 was $1,439 Mil.
Hence, Paychex's Days Sales Outstanding for the
three
months ended in Feb. 2024 was 68.83.
The historical rank and industry rank for Paychex's Days Sales Outstanding or its related term are showing as below:
PAYX'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 20.49 Med: 40.88 Max: 68.06
Current: 68.06
During the past 13 years, Paychex's highest Days Sales Outstanding was 68.06. The lowest was 20.49. And the median was 40.88.
PAYX's Days Sales Outstanding is ranked worse than 61.29% of 1041
companies
in the Business Services industry
Industry Median: 58.28
vs PAYX: 68.06
Paychex's Days Sales Outstanding
increased
from Feb. 2023 (55.27) to Feb. 2024 (68.83).
Paychex Days Sales Outstanding Historical Data
The historical data trend for Paychex's Days Sales Outstanding 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.
For the Staffing & Employment Services subindustry, Paychex's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Paychex Days Sales Outstanding Distribution
For the Business Services industry and Industrials sector, Paychex's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Paychex's Days Sales Outstanding falls into.
Paychex Days Sales Outstanding Calculation
Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
* 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.
Paychex (NAS:PAYX) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Paychex Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Paychex's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 740,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
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