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 exhibited an overall upward trajectory between 2018 and 2022, characterized by initial growth, a period of stability, and a subsequent increase in the final year.
- Initial Growth Phase
- A significant increase occurred between December 31, 2018, and December 31, 2019, during which inventory rose from 797 thousand US dollars to 1,158 thousand US dollars.
- Period of Stability
- From 2019 through 2021, inventory balances remained relatively stagnant, with values fluctuating minimally between 1,158 thousand US dollars and 1,131 thousand US dollars, suggesting a phase of consistent inventory requirements.
- Recent Expansion
- A substantial rise is observed between December 31, 2021, and December 31, 2022, as inventory levels increased to 1,607 thousand US dollars, marking the peak value within the analyzed timeframe.
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