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Paychex (Paychex) Days Sales Outstanding : 75.68 (As of May. 2024)


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What is Paychex Days Sales Outstanding?

Paychex's average Accounts Receivable for the three months ended in May. 2024 was $1,074 Mil. Paychex's Revenue for the three months ended in May. 2024 was $1,295 Mil. Hence, Paychex's Days Sales Outstanding for the three months ended in May. 2024 was 75.68.

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

PAYX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.72   Med: 45.48   Max: 70.81
Current: 70.81

During the past 13 years, Paychex's highest Days Sales Outstanding was 70.81. The lowest was 21.72. And the median was 45.48.

PAYX's Days Sales Outstanding is ranked worse than
63.26% of 1037 companies
in the Business Services industry
Industry Median: 58.84 vs PAYX: 70.81

Paychex's Days Sales Outstanding increased from May. 2023 (62.07) to May. 2024 (75.68).


Paychex Days Sales Outstanding Historical Data

The historical data trend for Paychex's Days Sales Outstanding 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 Sales Outstanding Chart

Paychex Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.34 43.29 51.53 58.21 66.83

Paychex Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Days Sales Outstanding 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 62.07 67.02 76.11 68.83 75.68

Competitive Comparison of Paychex's Days Sales Outstanding

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

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

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



Paychex Days Sales Outstanding Calculation

Days Sales Outstanding measures 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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Paychex's Days Sales Outstanding for the fiscal year that ended in May. 2024 is calculated as

Days Sales Outstanding (A: May. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: May. 2023 ) + Accounts Receivable (A: May. 2024 )) / count ) / Revenue (A: May. 2024 )*Days in Period
=( (873.3 + 1059.6) / 2 ) / 5278.3*365
=966.45 / 5278.3*365
=66.83

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

Days Sales Outstanding (Q: May. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Feb. 2024 ) + Accounts Receivable (A: May. 2024 )) / count ) / Revenue (A: May. 2024 )*Days in Period
=( (1088.6 + 1059.6) / 2 ) / 1295.1*365 / 4
=1074.1 / 1295.1*365 / 4
=75.68

* 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  (NAS:PAYX) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Paychex Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Paychex's Days Sales Outstanding 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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