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Paychex (Paychex) Days Payable : 24.11 (As of May. 2024)


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What is Paychex Days Payable?

Paychex's average Accounts Payable for the three months ended in May. 2024 was $99 Mil. Paychex's Cost of Goods Sold for the three months ended in May. 2024 was $375 Mil. Hence, Paychex's Days Payable for the three months ended in May. 2024 was 24.11.

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

PAYX' s Days Payable Range Over the Past 10 Years
Min: 22.13   Med: 23.25   Max: 26.2
Current: 23.22

During the past 13 years, Paychex's highest Days Payable was 26.20. The lowest was 22.13. And the median was 23.25.

PAYX's Days Payable is ranked worse than
73.88% of 919 companies
in the Business Services industry
Industry Median: 46.74 vs PAYX: 23.22

Paychex's Days Payable declined from May. 2023 (25.56) to May. 2024 (24.11). 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 May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.13 24.18 26.20 23.91 23.32

Paychex Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 25.56 22.80 23.51 22.38 24.11

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. 2024 is calculated as

Days Payable (A: May. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2023 ) + Accounts Payable (A: May. 2024 )) / count ) / Cost of Goods Sold (A: May. 2024 )*Days in Period
=( (84.7 + 104.3) / 2 ) / 1479.3*365
=94.5 / 1479.3*365
=23.32

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

Days Payable (Q: May. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Feb. 2024 ) + Accounts Payable (Q: May. 2024 )) / count ) / Cost of Goods Sold (Q: May. 2024 )*Days in Period
=( (94 + 104.3) / 2 ) / 375.2*365 / 4
=99.15 / 375.2*365 / 4
=24.11

* 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.


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 (Paychex) Business Description

Traded in Other Exchanges
Address
911 Panorama Trail South, Rochester, NY, USA, 14625-2396
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.
Executives
Flaschen David J S director 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Christopher C Simmons officer: VP, Controller & Treasurer 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Michael E Gioja officer: Sr. Vice President 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Efrain Rivera officer: Sr. Vice President, CFO 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Martin Mucci officer: Sr. Vice President 911 PANORAMA TRAIL S, ROCHESTER NY 14625
Joseph M Tucci director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Joseph M Velli director
Elizabeth Roaldsen officer: Sr. Vice President 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Karen E. Saunders-mcclendon officer: VP, Chief Human Resources Offi 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Theresa M. Payton director 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
John B Gibson officer: Sr. VP, Service CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Mark Anthony Bottini officer: Sr. VP of Sales 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Robert L. Schrader officer: VP/Controller 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Stephanie L Schaeffer officer: Chief Legal Officer 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Joseph Doody director CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701

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