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PAYC (Paycom Software) Accounts Receivable : $21 Mil (As of Sep. 2024)


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What is Paycom Software Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Paycom Software's accounts receivables for the quarter that ended in Sep. 2024 was $21 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Paycom Software's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 4.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Paycom Software's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-30.17.


Paycom Software Accounts Receivable Historical Data

The historical data trend for Paycom Software's Accounts Receivable 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.

Paycom Software Accounts Receivable Chart

Paycom Software Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.30 9.13 9.49 22.84 16.44

Paycom Software Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Receivable 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 15.55 16.44 20.00 20.03 20.58

Paycom Software Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Paycom Software Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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 receivables are being managed.

Paycom Software's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=20.576/451.934*91
=4.15

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Paycom Software's accounts receivable are only considered to be worth 75% of book value:

Paycom Software's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(325.757+0.75 * 20.576+0.5 * 1.331-2027.878
-0-0)/55.885
=-30.17

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Paycom Software Accounts Receivable Related Terms

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Paycom Software Business Description

Traded in Other Exchanges
Address
7501 W. Memorial Road, Oklahoma, OK, USA, 73142
Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.
Executives
Chad R. Richison director, 10 percent owner, officer: President and CEO 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Craig E. Boelte officer: Chief Financial Officer 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Bradley Scott Smith officer: Chief Information Officer 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Jason D. Clark director 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Watts J C Jr director
Peters Frederick C Ii director BRYN MAWR BANK CORP, 801 LANCASTER AVE, BRYN MAWR PA 19010
Christopher Gene Thomas officer: SEVP of Operations 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Holly Faurot officer: Chief Sales Officer 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Justin Devon Long officer: EVP of Operations 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Felicia Williams director C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Sharen J Turney director THREE LIMITED PARKWAY, COLUMBUS OH 43230
Jon Evans officer: Chief Operating Officer 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Jeffrey D. York officer: Chief Sales Officer 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Robert J Levenson director 300 SEMINOLE AVENUE, P.H. 6B, PALM BEACH FL 33480
Kathy Oden-hall officer: See Remarks 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142