Paychex Long Term Debt Total vs Net Invested Capital Analysis
PAYX Stock | USD 125.65 0.46 0.37% |
Paychex financial indicator trend analysis is much more than just breaking down Paychex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paychex is a good investment. Please check the relationship between Paychex Long Term Debt Total and its Net Invested Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.
Long Term Debt Total vs Net Invested Capital
Long Term Debt Total vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paychex Long Term Debt Total account and Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Paychex's Long Term Debt Total and Net Invested Capital is 0.58. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Paychex, assuming nothing else is changed. The correlation between historical values of Paychex's Long Term Debt Total and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt Total of Paychex are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Long Term Debt Total i.e., Paychex's Long Term Debt Total and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Long Term Debt Total
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Paychex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paychex current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.At this time, Paychex's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.37 in 2024, whereas Tax Provision is likely to drop slightly above 427.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.3B | 3.6B | 4.1B | 4.3B | Total Revenue | 4.6B | 5.0B | 5.8B | 6.0B |
Paychex fundamental ratios Correlations
Click cells to compare fundamentals
Paychex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Paychex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.6B | 9.2B | 9.6B | 10.5B | 12.1B | 12.7B | |
Short Long Term Debt Total | 898.8M | 897.1M | 881.2M | 865.7M | 995.6M | 513.2M | |
Other Current Liab | 4.3B | 4.8B | 5.1B | 5.7B | 6.5B | 6.8B | |
Total Current Liabilities | 4.4B | 4.9B | 5.3B | 5.8B | 6.7B | 7.0B | |
Total Stockholder Equity | 2.8B | 2.9B | 3.1B | 3.5B | 4.0B | 4.2B | |
Property Plant And Equipment Net | 522.2M | 498.8M | 480M | 457.8M | 526.5M | 552.8M | |
Net Debt | (6.4M) | (98.1M) | 511.2M | (356.3M) | (409.7M) | (389.3M) | |
Retained Earnings | 1.4B | 1.4B | 1.7B | 2.0B | 2.3B | 2.4B | |
Cash | 905.2M | 995.2M | 370M | 1.2B | 1.4B | 1.5B | |
Non Current Assets Total | 3.1B | 3.1B | 3.1B | 3.0B | 3.5B | 3.6B | |
Non Currrent Assets Other | 59.5M | 71.2M | 347M | 65.2M | 75.0M | 78.7M | |
Cash And Short Term Investments | 932.4M | 1.0B | 1.2B | 1.6B | 1.8B | 1.9B | |
Net Receivables | 790.3M | 1.1B | 1.3B | 1.4B | 1.6B | 1.7B | |
Common Stock Shares Outstanding | 361M | 362.1M | 363.1M | 362.3M | 326.1M | 300.9M | |
Liabilities And Stockholders Equity | 8.6B | 9.2B | 9.6B | 10.5B | 12.1B | 12.7B | |
Non Current Liabilities Total | 1.3B | 1.3B | 1.3B | 1.2B | 1.4B | 1.5B | |
Other Current Assets | 244.8M | 249.2M | 4.0B | 289.8M | 333.3M | 316.6M | |
Other Stockholder Equity | 1.3B | 1.4B | 1.5B | 1.6B | 1.9B | 2.0B | |
Total Liab | 5.8B | 6.3B | 6.6B | 7.1B | 8.1B | 8.5B | |
Total Current Assets | 5.5B | 6.2B | 6.6B | 7.5B | 8.7B | 9.1B | |
Accounts Payable | 79.4M | 89M | 105.7M | 84.7M | 97.4M | 102.3M | |
Property Plant And Equipment Gross | 522.2M | 498.8M | 480M | 457.8M | 526.5M | 286.1M | |
Accumulated Other Comprehensive Income | 56.5M | 51.8M | (133.9M) | (159.9M) | (183.9M) | (174.7M) | |
Other Liab | 415.1M | 448.7M | 451.3M | 408.3M | 469.5M | 493.0M | |
Current Deferred Revenue | 39.2M | 37.9M | 38.4M | 47.3M | 54.4M | 57.1M | |
Other Assets | 397.7M | 432M | 455.3M | 512.5M | 589.4M | 618.8M | |
Good Will | 1.8B | 1.8B | 1.8B | 1.8B | 2.1B | 2.2B | |
Short Term Investments | 27.2M | 36.7M | 853.9M | 373.4M | 336.1M | 306.6M | |
Inventory | 3.9B | 3.5B | 3.8B | 4.2B | 4.8B | 5.1B | |
Intangible Assets | 330.6M | 275.8M | 224.6M | 187.4M | 215.5M | 172.5M | |
Property Plant Equipment | 407.4M | 498.8M | 480M | 396.3M | 455.7M | 324.8M | |
Net Tangible Assets | 659.7M | 851.5M | 1.0B | 1.5B | 1.3B | 821.8M | |
Long Term Debt | 796.8M | 797.3M | 797.7M | 798.2M | 917.9M | 963.8M | |
Retained Earnings Total Equity | 1.4B | 1.4B | 1.7B | 2.0B | 2.3B | 1.3B | |
Capital Surpluse | 1.3B | 1.4B | 1.5B | 1.6B | 1.9B | 1.1B | |
Deferred Long Term Liab | 240.8M | 384.1M | 433.3M | 112.1M | 128.9M | 134.3M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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Is Paychex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paychex. If investors know Paychex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paychex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.07 | Dividend Share 3.56 | Earnings Share 4.59 | Revenue Per Share 14.461 | Quarterly Revenue Growth 0.042 |
The market value of Paychex is measured differently than its book value, which is the value of Paychex that is recorded on the company's balance sheet. Investors also form their own opinion of Paychex's value that differs from its market value or its book value, called intrinsic value, which is Paychex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paychex's market value can be influenced by many factors that don't directly affect Paychex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paychex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paychex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paychex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.