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Paylocity Holding (Paylocity Holding) Days Sales Outstanding : 7.53 (As of Mar. 2024)


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What is Paylocity Holding Days Sales Outstanding?

Paylocity Holding's average Accounts Receivable for the three months ended in Mar. 2024 was $33 Mil. Paylocity Holding's Revenue for the three months ended in Mar. 2024 was $401 Mil. Hence, Paylocity Holding's Days Sales Outstanding for the three months ended in Mar. 2024 was 7.53.

The historical rank and industry rank for Paylocity Holding's Days Sales Outstanding or its related term are showing as below:

PCTY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.21   Med: 2.84   Max: 8.03
Current: 8.03

During the past 13 years, Paylocity Holding's highest Days Sales Outstanding was 8.03. The lowest was 2.21. And the median was 2.84.

PCTY's Days Sales Outstanding is ranked better than
96.56% of 2729 companies
in the Software industry
Industry Median: 61.68 vs PCTY: 8.03

Paylocity Holding's Days Sales Outstanding increased from Mar. 2023 (6.98) to Mar. 2024 (7.53).


Paylocity Holding Days Sales Outstanding Historical Data

The historical data trend for Paylocity Holding'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.

* Premium members only.

Paylocity Holding Days Sales Outstanding Chart

Paylocity Holding Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.05 3.02 3.21 4.71 6.35

Paylocity Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.98 7.77 7.93 8.75 7.53

Competitive Comparison of Paylocity Holding's Days Sales Outstanding

For the Software - Application subindustry, Paylocity Holding'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.


Paylocity Holding's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Paylocity Holding's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Paylocity Holding's Days Sales Outstanding falls into.



Paylocity Holding 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Paylocity Holding's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

Days Sales Outstanding (A: Jun. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count ) / Revenue (A: Jun. 2023 )*Days in Period
=( (15.754 + 25.085) / 2 ) / 1174.598*365
=20.4195 / 1174.598*365
=6.35

Paylocity Holding's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding (Q: Mar. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )*Days in Period
=( (32.476 + 33.714) / 2 ) / 401.281*365 / 4
=33.095 / 401.281*365 / 4
=7.53

* 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.


Paylocity Holding  (NAS:PCTY) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Paylocity Holding Days Sales Outstanding Related Terms

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Paylocity Holding (Paylocity Holding) Business Description

Traded in Other Exchanges
Address
1400 American Lane, Schaumburg, IL, USA, 60173
Paylocity is a provider of payroll and human capital management, or HCM, solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10 to 5,000 employees and services about 36,000 clients as of fiscal 2023. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software, as well workplace collaboration and communication tools.
Executives
Ryan Glenn officer: CFO and Treasurer 1400 AMERICAN LANE, SCHAUMBERG IL 60173
Katherine Ross officer: Sr Vice President Operations 1400 AMERICAN LANE, SCHAUMBURG IL 60173
Rachit Lohani officer: Chief Technology Officer 1400 AMERICAN LANE, SCHAUMBURG IL 60173
Steven I Sarowitz director, 10 percent owner, officer: Executive Chairman 3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Nicholas Rost officer: VP & Chief Accounting Officer 1400 AMERICAN LANE, SCHAUMBURG IL 60173
Joshua Scutt officer: Senior Vice President Sales 1400 AMERICAN LANE, SCHAUMBURG IL 60173
Linda M. Breard director 3600 136 PLACE SE, SUITE 300, BELLEVUE WA 98006
Jeffrey T Diehl director, 10 percent owner ONE NORTH WACKER DRIVE, SUITE 2200, CHICAGO IL 60606-2823
Toby J. Williams officer: Chief Financial Officer 3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Bernard Robinson Kenneth director 9417 FOX CREEK LANE, MASON OH 45040
Steven R Beauchamp director, officer: President and CEO 3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Ronald V Waters director 75 EAST ELM STREET, CHICAGO IL 60611
Mark S Kinsey officer: Senior VP of Operations 3850 N WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Michael R Haske officer: Senior VP of Sales & Marketing 3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Andrew Cappotelli officer: Chief Accounting Officer 3850 N. WILKE RD, ARLINGTON HEIGHTS IL 60004