Name: Paycom Software Inc. (NYSE:PAYC) | Common-Size Assets
Creator: Stock Analysis on Net

Common-Size Balance Sheet: Assets

Paycom Software Inc., common-size consolidated balance sheet: assets

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	10.27%	8.65%	5.82%	5.37%	3.00%
Accounts receivable	0.59%	0.30%	0.35%	0.37%	0.22%
Prepaid expenses	0.87%	0.74%	0.68%	0.55%	0.50%
Inventory	0.04%	0.04%	0.04%	0.05%	0.05%
Income tax receivable	0.14%	0.51%	0.40%	0.16%	0.26%
Deferred contract costs	2.47%	2.39%	2.33%	1.87%	2.32%
Current assets before funds held for clients	14.38%	12.61%	9.63%	8.38%	6.36%
Funds held for clients	56.45%	57.43%	61.87%	66.86%	63.59%
Current assets	70.83%	70.04%	71.50%	75.24%	69.95%
Property and equipment, net	10.31%	10.85%	10.94%	9.59%	11.63%
Intangible assets, net	1.38%	1.80%	0.01%	0.02%	0.05%
Goodwill	1.33%	1.61%	1.99%	2.09%	3.41%
Long-term deferred contract costs	14.55%	14.36%	14.24%	11.75%	14.81%
Other assets	1.59%	1.32%	1.32%	1.32%	0.15%
Noncurrent assets	29.17%	29.96%	28.50%	24.76%	30.05%
Total assets	100.00%	100.00%	100.00%	100.00%	100.00%

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).

Cash and Cash Equivalents: Displayed a consistent increasing trend from 3% to 10.27% of total assets over the five-year period, indicating a strengthening liquidity position.
Accounts Receivable: Fluctuated moderately, starting at 0.22% and ending at 0.59% of total assets, with minor decreases and increases, showing some variability but an overall upward movement.
Prepaid Expenses: Increased gradually from 0.5% to 0.87% of total assets, suggesting a rise in payments made in advance for goods or services.
Inventory: Remained stable at a very low level, around 0.04% to 0.05% of total assets, showing limited investment in inventory relative to total assets.
Income Tax Receivable: Varied significantly, beginning at 0.26%, peaking at 0.51%, then dropping to 0.14% by the end of the period, indicating fluctuations in recoverable tax amounts.
Deferred Contract Costs: Maintained relative stability around an average of approximately 2.3% of total assets, suggesting consistent capitalization of contract acquisition expenditures.
Current Assets before Funds Held for Clients: Showed a steady increase from 6.36% to 14.38% of total assets, reflecting growth in liquid and near-liquid current assets excluding client funds.
Funds Held for Clients: Displayed a declining trend from a high base of 63.59% to 56.45% of total assets, indicating a reduction in client funds held by the company relative to total asset size.
Current Assets: Remained relatively stable, fluctuating slightly between 69.95% and 75.24% before settling around 70.83%, signifying a consistent proportion of current assets within total assets.
Property and Equipment, Net: Showed a slight decreasing tendency from 11.63% to 10.31%, indicating a marginal reduction in net investment in physical assets.
Intangible Assets, Net: Initially very low and nearly negligible, sharply increased to 1.8% in 2021 before declining to 1.38% in 2022, possibly reflecting acquisitions or capitalization followed by amortization or impairments.
Goodwill: Exhibited a continuous decrease from 3.41% to 1.33%, signifying reductions due to amortization, impairment, or divestitures related to acquired businesses.
Long-term Deferred Contract Costs: Displayed minor fluctuations but remained relatively stable around the 14% to 15% range, indicating ongoing capitalization of longer-term contract-related costs.
Other Assets: Increased from a minimal 0.15% to 1.59%, suggesting growth in miscellaneous asset accounts.
Noncurrent Assets: Trended downward from 30.05% to 29.17%, with some fluctuations, showing a slight reduction in the portion of assets classified as long-term.
Total Assets: Consistently totaled 100% as expected, serving as the reference point for all proportional measurements reported.

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