Paychex (NAS:PAYX) Receivables Turnover

: 1.65 (As of Feb. 2023)

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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 Feb. 2023 was $1,381 Mil. Paychex's average Accounts Receivable for the three months ended in Feb. 2023 was $837 Mil. Hence, Paychex's Receivables Turnover for the three months ended in Feb. 2023 was 1.65.

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.

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Paychex Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Receivables Turnover

7.66

9.49

10.04

8.43

7.08

Paychex Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Receivables Turnover																1.66	1.58	1.51	1.36	1.65

Competitive Comparison

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.

Annual Data Quarterly Data

Paychex Receivables Turnover Distribution

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 in comparison to its industry or sector. The grey bar indicates the Receivables Turnover's extreme value range as defined by GuruFocus.

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. 2022 is calculated as

	Receivables Turnover (A: May. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2022 )	/ (	(Accounts Receivable (A: May. 2021 )	+	Accounts Receivable (A: May. 2022 ))	/	count )
=	4611.7	/ (	(578.3	+	723.8)	/	2 )
=	4611.7	/	651.05
=	7.08

Paychex's Receivables Turnover for the quarter that ended in Feb. 2023 is calculated as

	Receivables Turnover (Q: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2023 )	/ (	(Accounts Receivable (Q: Nov. 2022 )	+	Accounts Receivable (Q: Feb. 2023 ))	/	count )
=	1381	/ (	(873.6	+	799.4)	/	2 )
=	1381	/	836.5
=	1.65

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

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Paychex (NAS:PAYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Paychex Inc (NAS:PAYX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PAYX:Mexico PCX:Germany P1AY34:Brazil

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 730,000 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

Kevin A Price	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Karen E. Saunders-mcclendon	officer: VP, Chief Human Resources Offi	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Robert L. Schrader	officer: VP/Controller	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Kara Wilson	director	C/O SUCCESSFACTORS, INC., 1500 FASHION ISLAND BLVD., SUITE 300, SAN MATEO CA 94404
Tom Bonadio	director	1021 HOWARD AVE, SAN CARLOS CA 94070
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
Kevin N Hill	officer: Vice President	50 WREN FIELD LN, PITTSFORD NY 114534
Michael E Gioja	officer: Sr. Vice President	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Rebecca F Bernson	officer: Sr. Vice President, Sales	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Efrain Rivera	officer: Sr. Vice President, CFO	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Laurie L. Zaucha	officer: Vice President	400 WILLOWBROOK OFFICE PARK, FAIRPORT NY 14450
Joseph Doody	director	CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701
Delbert M Humenik	officer: Sr. Vice President	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Jennifer R. Vossler	officer: VP/Controller	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625