Paylocity Holding (Paylocity Holding) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Paylocity Holding Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Paylocity Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $116 Mil. Paylocity Holding's Average Total Inventories for the quarter that ended in Mar. 2024 was $0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Paylocity Holding's Days Inventory for the three months ended in Mar. 2024 was 0.00.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Paylocity Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Paylocity Holding Inventory Turnover Historical Data

The historical data trend for Paylocity Holding's Inventory Turnover 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.

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Paylocity Holding Inventory Turnover Chart

Paylocity Holding Annual Data

Trend

Jun14

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Jun21

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Jun23

Inventory Turnover

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Paylocity Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Paylocity Holding Inventory Turnover Calculation

Paylocity Holding's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	367.039	/ (	(0	+	0)	/	1 )
=	367.039	/	0
=	N/A

Paylocity Holding's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	115.983	/ (	(0	+	0)	/	1 )
=	115.983	/	0
=	N/A

Paylocity Holding (NAS:PCTY) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Paylocity Holding's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0	/	115.983	*	365 / 4
	=	0.00

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Paylocity Holding's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0	/	401.281
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Paylocity Holding Inventory Turnover Related Terms

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Paylocity Holding (Paylocity Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paylocity Holding Corp (NAS:PCTY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PCTY:Mexico 0P7:Germany 0P7:Germany

Address

1400 American Lane, Schaumburg, IL, USA, 60173

Website

https://www.paylocity.com

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