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Paychex (FRA:PCX) Days Payable : 22.34 (As of Feb. 2024)


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What is Paychex Days Payable?

Paychex's average Accounts Payable for the three months ended in Feb. 2024 was €86 Mil. Paychex's Cost of Goods Sold for the three months ended in Feb. 2024 was €352 Mil. Hence, Paychex's Days Payable for the three months ended in Feb. 2024 was 22.34.

The historical rank and industry rank for Paychex's Days Payable or its related term are showing as below:

FRA:PCX' s Days Payable Range Over the Past 10 Years
Min: 22.13   Med: 23.13   Max: 26.2
Current: 24.21

During the past 13 years, Paychex's highest Days Payable was 26.20. The lowest was 22.13. And the median was 23.13.

FRA:PCX's Days Payable is ranked worse than
73.13% of 923 companies
in the Business Services industry
Industry Median: 47.09 vs FRA:PCX: 24.21

Paychex's Days Payable declined from Feb. 2023 (26.13) to Feb. 2024 (22.34). It may suggest that Paychex accelerated paying its suppliers.

Paychex Days Payable Historical Data

The historical data trend for Paychex's Days Payable 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 Days Payable Chart

Paychex Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.57 21.86 25.48 24.64 24.29

Paychex Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Days Payable 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 26.13 25.79 22.83 23.42 22.34

Competitive Comparison of Paychex's Days Payable

For the Staffing & Employment Services subindustry, Paychex's Days Payable, along with its competitors' market caps and Days Payable 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's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Paychex's Days Payable distribution charts can be found below:

* The bar in red indicates where Paychex's Days Payable falls into.


Paychex Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

Days Payable (A: May. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2022 ) + Accounts Payable (A: May. 2023 )) / count ) / Cost of Goods Sold (A: May. 2023 )*Days in Period
=( (99.992 + 77.924) / 2 ) / 1336.76*365
=88.958 / 1336.76*365
=24.29

Paychex's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

Days Payable (Q: Feb. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Nov. 2023 ) + Accounts Payable (Q: Feb. 2024 )) / count ) / Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=( (85.285 + 87.138) / 2 ) / 352.075*365 / 4
=86.2115 / 352.075*365 / 4
=22.34

* 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 Days Payable Related Terms

Thank you for viewing the detailed overview of Paychex's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Paychex (FRA:PCX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Paychex Inc (FRA:PCX) » Definitions » Days Payable
Comparable Companies
BZ RHI TNET NSP MAN KFY KFRC ZIP HRT KELYA ADP XAMS:RAND XSWX:ADEN TSE:2181 TSE:2412 TSE:6028 LSE:HAS LSE:PAGE SHSE:600861 TSE:9744
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.