Stock Analysis on Net
Stock Analysis on Net

Paycom Software Inc. (NYSE:PAYC)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)

Paycom Software Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net fixed asset turnover 3.42 3.02 2.95 3.09 3.20
Net fixed asset turnover (including operating lease, right-of-use asset) 3.11 2.79 2.70 2.78 3.20
Total asset turnover 0.35 0.33 0.32 0.30 0.37
Equity turnover 1.16 1.18 1.28 1.40 1.69

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Paycom Software Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Paycom Software Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Paycom Software Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Paycom Software Inc. equity turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover

Paycom Software Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 1,375,218 1,055,524 841,434 737,671 566,336
Property and equipment, net 402,448 348,953 285,218 238,458 176,962
Long-term Activity Ratio
Net fixed asset turnover1 3.42 3.02 2.95 3.09 3.20
Benchmarks
Net Fixed Asset Turnover, Industry
Industrials 2.94 2.72 2.17 2.60 —

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net
= 1,375,218 ÷ 402,448 = 3.42

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Paycom Software Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Paycom Software Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 1,375,218 1,055,524 841,434 737,671 566,336
 
Property and equipment, net 402,448 348,953 285,218 238,458 176,962
Operating lease right-of-use asset (included in Other assets) 39,776 29,841 26,481 27,146 —
Property and equipment, net (including operating lease, right-of-use asset) 442,224 378,794 311,699 265,604 176,962
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 3.11 2.79 2.70 2.78 3.20
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Industrials 2.54 2.34 1.92 2.40 —

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 1,375,218 ÷ 442,224 = 3.11

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Paycom Software Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

Paycom Software Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 1,375,218 1,055,524 841,434 737,671 566,336
Total assets 3,902,513 3,215,145 2,607,912 2,486,917 1,521,926
Long-term Activity Ratio
Total asset turnover1 0.35 0.33 0.32 0.30 0.37
Benchmarks
Total Asset Turnover, Industry
Industrials 0.66 0.58 0.50 0.62 —

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 1,375,218 ÷ 3,902,513 = 0.35

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Paycom Software Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Equity Turnover

Paycom Software Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues 1,375,218 1,055,524 841,434 737,671 566,336
Stockholders’ equity 1,182,607 893,714 655,643 526,628 334,753
Long-term Activity Ratio
Equity turnover1 1.16 1.18 1.28 1.40 1.69
Benchmarks
Equity Turnover, Industry
Industrials 3.06 2.63 2.75 3.54 —

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 1,375,218 ÷ 1,182,607 = 1.16

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Paycom Software Inc. equity turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.