Paychex Inc

NASDAQ PAYX

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Paychex Inc Accounts Payable Turnover Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending February 29, 2024: 3.28%

Paychex Inc Accounts Payable Turnover Ratio 5 year CAGR is 3.28% for the Trailing 12 Months (TTM) ending February 29, 2024, a -49.95% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Paychex Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending February 28, 2023 was 17.55, a 41.43% change year over year.
  • Paychex Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending February 28, 2022 was 12.41, a -10.70% change year over year.
  • Paychex Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending February 28, 2021 was 13.89, a -5.57% change year over year.
  • Paychex Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending February 29, 2020 was 14.71, a 12.92% change year over year.
NASDAQ: PAYX

Paychex Inc

CEO Mr. John B. Gibson Jr.
IPO Date March 26, 1990
Location United States
Headquarters 911 Panorama Trail South, Rochester, NY, United States, 14625-2396
Employees 16,000
Sector Industrials
Industry Staffing & employment services
Description

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

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StockViz Staff

September 20, 2024

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