GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Paychex Inc (NAS:PAYX) » Definitions » Net Current Asset Value

Paychex (Paychex) Net Current Asset Value : $1.86 (As of May. 2024)


View and export this data going back to 1983. Start your Free Trial

What is Paychex Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Paychex's net current asset value per share for the quarter that ended in May. 2024 was $1.86.

The historical rank and industry rank for Paychex's Net Current Asset Value or its related term are showing as below:

PAYX' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 44.12   Med: 64.6   Max: 1375.89
Current: 66.8

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Paychex was 1375.89. The lowest was 44.12. And the median was 64.60.

PAYX's Price-to-Net-Current-Asset-Value is ranked worse than
95.95% of 592 companies
in the Business Services industry
Industry Median: 4.19 vs PAYX: 66.80

Paychex Net Current Asset Value Historical Data

The historical data trend for Paychex's Net Current Asset Value 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 Net Current Asset Value Chart

Paychex Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.85 -0.30 0.09 1.32 1.86

Paychex Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Net Current Asset Value 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 1.32 1.32 1.10 1.69 1.86

Competitive Comparison of Paychex's Net Current Asset Value

For the Staffing & Employment Services subindustry, Paychex's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Paychex's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Paychex's Price-to-Net-Current-Asset-Value falls into.



Paychex Net Current Asset Value Calculation

Paychex's Net Current Asset Value (NCAV) per share for the fiscal year that ended in May. 2024 is calculated as

Net Current Asset Value Per Share(A: May. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(7251.5-6582.1-0-0)/360.1
=1.86

Paychex's Net Current Asset Value (NCAV) per share for the quarter that ended in May. 2024 is calculated as

Net Current Asset Value Per Share(Q: May. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(7251.5-6582.1-0-0)/360.1
=1.86

* 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) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Paychex Net Current Asset Value Related Terms

Thank you for viewing the detailed overview of Paychex's Net Current Asset Value 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

Paychex (Paychex) Headlines

From GuruFocus

Q3 2021 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2023 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Paychex Wins 2024 BIG Innovation Award

By Business Wire 01-11-2024

Q4 2022 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2022 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2019 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2023 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2021 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2020 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024