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Paychex (Paychex) Receivables Turnover : 1.21 (As of May. 2024)


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What is Paychex Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Paychex's Revenue for the three months ended in May. 2024 was $1,295 Mil. Paychex's average Accounts Receivable for the three months ended in May. 2024 was $1,074 Mil. Hence, Paychex's Receivables Turnover for the three months ended in May. 2024 was 1.21.


Paychex Receivables Turnover Historical Data

The historical data trend for Paychex's Receivables Turnover 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 Receivables Turnover Chart

Paychex Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.04 8.43 7.08 6.27 5.46

Paychex Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Receivables Turnover 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 1.47 1.36 1.20 1.33 1.21

Competitive Comparison of Paychex's Receivables Turnover

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

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

* The bar in red indicates where Paychex's Receivables Turnover falls into.



Paychex Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Paychex's Receivables Turnover for the fiscal year that ended in May. 2024 is calculated as

Receivables Turnover (A: May. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: May. 2024 ) / ((Accounts Receivable (A: May. 2023 ) + Accounts Receivable (A: May. 2024 )) / count )
=5278.3 / ((873.3 + 1059.6) / 2 )
=5278.3 / 966.45
=5.46

Paychex's Receivables Turnover for the quarter that ended in May. 2024 is calculated as

Receivables Turnover (Q: May. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: May. 2024 ) / ((Accounts Receivable (Q: Feb. 2024 ) + Accounts Receivable (Q: May. 2024 )) / count )
=1295.1 / ((1088.6 + 1059.6) / 2 )
=1295.1 / 1074.1
=1.21

* 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) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Paychex Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Paychex's Receivables Turnover 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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