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Paychex (FRA:PCX) Total Assets : €12,073 Mil (As of Feb. 2024)


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What is Paychex Total Assets?

Paychex's Total Assets for the quarter that ended in Feb. 2024 was €12,073 Mil.

During the past 12 months, Paychex's average Total Assets Growth Rate was 24.80% per year. During the past 3 years, the average Total Assets Growth Rate was 5.50% per year. During the past 5 years, the average Total Assets Growth Rate was 3.30% per year. During the past 10 years, the average Total Assets Growth Rate was 5.00% per year.

During the past 13 years, Paychex's highest 3-Year average Total Assets Growth Rate was 115.40%. The lowest was -4.90%. And the median was 14.30%.

Total Assets is connected with ROA %. Paychex's annualized ROA % for the quarter that ended in Feb. 2024 was 15.93%. Total Assets is also linked to Revenue through Asset Turnover. Paychex's Asset Turnover for the quarter that ended in Feb. 2024 was 0.11.

Paychex Total Assets Historical Data

The historical data trend for Paychex's Total Assets 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.

Paychex Total Assets Chart

Paychex Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,756.34 7,840.99 7,593.99 9,114.90 9,702.69

Paychex Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Total Assets 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 9,903.76 9,702.69 11,187.40 11,136.14 12,073.16

Paychex Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Paychex's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets=Total Equity (A: May. 2023 )+Total Liabilities (A: May. 2023 )
=3213.744+6488.944
=9,703

Paychex's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets=Total Equity (Q: Feb. 2024 )+Total Liabilities (Q: Feb. 2024 )
=3473.562+8599.594
=12,073

* 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  (FRA:PCX) Total Assets Explanation

Total Assets is connected with ROA %.

Paychex's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %=Net Income (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=1848.808/( (11136.14+12073.155)/ 2 )
=1848.808/11604.6475
=15.93 %

Note: The Net Income data used here is four times the quarterly (Feb. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Paychex's Asset Turnover for the quarter that ended in Feb. 2024 is

Asset Turnover
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=1334.231/( (11136.14+12073.155)/ 2 )
=1334.231/11604.6475
=0.11

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Paychex Total Assets Related Terms

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Paychex (FRA:PCX) Business Description

Industry
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Traded in Other Exchanges
PAYX:USA
Address
911 Panorama Trail South, Rochester, NY, USA, 14625-2396
Website
https://www.paychex.com
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.