Paylocity Holdng

NASDAQ PCTY

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Paylocity Holdng Payables Turnover 1 year YoY Change (%) for the Trailing 12 Months (TTM) ending March 31, 2024: 96.59%

Paylocity Holdng Payables Turnover 1 year YoY Change (%) is 96.59% for the Trailing 12 Months (TTM) ending March 31, 2024, a 2,292.51% change year over year. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, while a lower ratio may indicate a slower payment process or potential liquidity issues. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.

Paylocity Holdng Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2023 was 11.66, a -4.41% change year over year.
Paylocity Holdng Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2022 was 12.20, a -37.54% change year over year.
Paylocity Holdng Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2021 was 19.53, a 77.33% change year over year.
Paylocity Holdng Payables Turnover for the Trailing 12 Months (TTM) ending March 31, 2020 was 11.01, a 6.47% change year over year.

NASDAQ: PCTY

Paylocity Holdng

CEO	Mr. Steven R. Beauchamp
IPO Date	March 19, 2014
Location	United States
Headquarters	1400 American Lane, Schaumburg, IL, United States, 60173
Employees	6,100
Sector	Technology
Industry	Software - application

Description

Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions. It provides human capital management and employee self-service solutions, document library, compliance dashboard, and HR edge; time and attendance solution; schedule tracking services; and time collection devices, including kiosks, time clocks, and mobile and web applications. In addition, the company offers talent management solutions comprising recruiting and onboarding, as well as learning, performance, and compensation management; and third-party administrative solutions; employee experiences solutions, including community, premium video, survey, and peer recognition; and insights and recommendations solutions, such as modern workforce index, data insights, and reporting. Further, it provides implementation and training, client, and tax and regulatory services. The company serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. Paylocity Holding Corporation was founded in 1997 and is headquartered in Schaumburg, Illinois.

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