Analysis of Inventory
Inventory Disclosure
Paycom Software Inc., balance sheet: inventory
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory | 1,607) | 1,131) | 1,151) | 1,158) | 797) |
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).
- Inventory Levels
- The inventory figures show a generally increasing trend over the five-year period. Starting at 797 thousand US dollars in 2018, inventory rose steadily to 1,158 thousand in 2019. The following years, 2020 and 2021, saw relatively stable inventory levels, with minor decreases from 1,151 thousand to 1,131 thousand respectively. In 2022, there was a notable increase, with inventory reaching 1,607 thousand. This represents a significant rise compared to previous years, suggesting either an accumulation of stock or an anticipation of higher demand moving forward.
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