Return on Assets (ROA)
since 2014
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Paycom Software Inc. pages available for free this week:
- Cash Flow Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2014
- Net Profit Margin since 2014
- Price to Earnings (P/E) since 2014
- Price to Operating Profit (P/OP) since 2014
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Calculation
Paycom Software Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | = | 100 | × | ÷ | |||
| Dec 31, 2021 | = | 100 | × | ÷ | |||
| Dec 31, 2020 | = | 100 | × | ÷ | |||
| Dec 31, 2019 | = | 100 | × | ÷ | |||
| Dec 31, 2018 | = | 100 | × | ÷ | |||
| Dec 31, 2017 | = | 100 | × | ÷ | |||
| Dec 31, 2016 | = | 100 | × | ÷ | |||
| Dec 31, 2015 | = | 100 | × | ÷ | |||
| Dec 31, 2014 | = | 100 | × | ÷ |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 US$ in thousands
- Net Income
- The net income demonstrates a consistent upward trajectory over the analyzed period, increasing from $5.7 million in 2014 to $281.4 million in 2022. Notable growth is observed particularly between 2015 and 2018, where net income rose sharply from approximately $20.9 million to $137.1 million. Although there is some fluctuation in 2020 with a decrease to $143.5 million from the previous year, the overall trend remains strongly positive, culminating in the highest reported figure in 2022.
- Total Assets
- Total assets have expanded substantially during the covered timeframe, growing from roughly $799 million in 2014 to over $3.9 billion in 2022. The asset base more than quadrupled, with especially rapid increases starting in 2018. This indicates significant investment or accumulation of resources, correlating with the upward trends seen in net income, suggesting capacity for further growth or operational scaling.
- Return on Assets (ROA)
- The ROA exhibits an overall upward trend despite some volatility. Starting at 0.71% in 2014, ROA peaks at 9.01% in 2018, reflecting improved profitability relative to assets during this period. After 2018, ROA declines to 5.5% in 2020 but recuperates to 7.21% in 2022. This pattern suggests that while asset growth outpaced net income increases during some years, the company has generally maintained solid efficiency in generating profits from its asset base.
Comparison to Industry (Industrials)
Paycom Software Inc., ROA, long-term trends, comparison to industry (industrials)
| Paycom Software Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).