Paychex Other Assets vs Property Plant And Equipment Net Analysis

PAYX Stock  USD 141.24  1.15  0.81%   
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 Other Assets and its Property Plant And Equipment Net 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 closely tied 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.

Other Assets vs Property Plant And Equipment Net

Other Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paychex Other Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Paychex's Other Assets and Property Plant And Equipment Net is 0.51. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Paychex, assuming nothing else is changed. The correlation between historical values of Paychex's Other Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Paychex are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Assets i.e., Paychex's Other Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Other Assets

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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 closely tied 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 443.2 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.3B3.6B3.8B4.0B
Total Revenue4.6B5.0B5.3B5.5B

Paychex fundamental ratios Correlations

0.710.730.720.970.75-0.260.940.780.930.740.870.850.080.780.710.960.990.98-0.250.950.650.850.820.810.88
0.710.960.960.560.930.010.490.230.570.180.380.30.710.330.190.560.780.750.210.60.130.410.340.290.45
0.730.961.00.570.9-0.020.510.250.560.250.420.350.720.340.260.580.80.770.20.610.10.420.380.350.46
0.720.961.00.570.89-0.040.50.240.550.240.40.350.710.310.250.580.80.780.240.610.110.410.370.340.45
0.970.560.570.570.64-0.330.980.880.950.850.940.94-0.080.850.80.980.930.93-0.390.940.770.90.890.880.92
0.750.930.90.890.640.10.560.380.720.330.510.450.650.570.340.660.80.73-0.050.670.150.610.520.510.65
-0.260.01-0.02-0.04-0.330.1-0.36-0.52-0.1-0.23-0.3-0.290.31-0.01-0.22-0.29-0.21-0.33-0.15-0.18-0.62-0.15-0.26-0.21-0.08
0.940.490.510.50.980.56-0.360.890.910.870.960.93-0.140.830.810.930.890.9-0.460.910.810.850.840.850.89
0.780.230.250.240.880.38-0.520.890.840.840.90.9-0.340.860.790.850.690.7-0.590.760.820.880.870.890.87
0.930.570.560.550.950.72-0.10.910.840.790.880.89-0.020.950.730.940.90.84-0.520.920.620.970.90.90.99
0.740.180.250.240.850.33-0.230.870.840.790.930.94-0.310.830.980.830.660.67-0.610.780.730.80.810.850.83
0.870.380.420.40.940.51-0.30.960.90.880.930.94-0.190.870.90.910.80.81-0.570.840.740.860.860.890.9
0.850.30.350.350.940.45-0.290.930.90.890.940.94-0.270.880.90.940.780.78-0.530.880.780.920.920.940.92
0.080.710.720.71-0.080.650.31-0.14-0.34-0.02-0.31-0.19-0.27-0.15-0.26-0.060.180.130.37-0.03-0.47-0.14-0.19-0.23-0.09
0.780.330.340.310.850.57-0.010.830.860.950.830.870.88-0.150.780.840.720.65-0.740.80.580.960.870.910.98
0.710.190.260.250.80.34-0.220.810.790.730.980.90.9-0.260.780.790.630.65-0.560.750.640.750.740.810.78
0.960.560.580.580.980.66-0.290.930.850.940.830.910.94-0.060.840.790.920.91-0.310.930.720.920.920.890.92
0.990.780.80.80.930.8-0.210.890.690.90.660.80.780.180.720.630.920.98-0.160.930.560.80.760.750.83
0.980.750.770.780.930.73-0.330.90.70.840.670.810.780.130.650.650.910.98-0.090.910.630.740.730.710.77
-0.250.210.20.24-0.39-0.05-0.15-0.46-0.59-0.52-0.61-0.57-0.530.37-0.74-0.56-0.31-0.16-0.09-0.31-0.35-0.56-0.45-0.57-0.61
0.950.60.610.610.940.67-0.180.910.760.920.780.840.88-0.030.80.750.930.930.91-0.310.70.880.810.860.89
0.650.130.10.110.770.15-0.620.810.820.620.730.740.78-0.470.580.640.720.560.63-0.350.70.650.680.690.62
0.850.410.420.410.90.61-0.150.850.880.970.80.860.92-0.140.960.750.920.80.74-0.560.880.650.930.960.98
0.820.340.380.370.890.52-0.260.840.870.90.810.860.92-0.190.870.740.920.760.73-0.450.810.680.930.890.91
0.810.290.350.340.880.51-0.210.850.890.90.850.890.94-0.230.910.810.890.750.71-0.570.860.690.960.890.94
0.880.450.460.450.920.65-0.080.890.870.990.830.90.92-0.090.980.780.920.830.77-0.610.890.620.980.910.94
Click cells to compare fundamentals

Paychex Account Relationship Matchups

Paychex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.6B9.2B9.6B10.5B10.4B10.9B
Short Long Term Debt Total898.8M897.1M881.2M865.7M885.5M538.8M
Other Current Liab4.3B4.8B5.1B5.6B5.1B2.7B
Total Current Liabilities4.4B4.9B5.3B5.8B5.3B2.9B
Total Stockholder Equity2.8B2.9B3.1B3.5B3.8B4.0B
Property Plant And Equipment Net522.2M498.8M480M457.8M458.6M233.2M
Net Debt(6.4M)(98.1M)511.2M(356.3M)(602.6M)(572.5M)
Retained Earnings1.4B1.4B1.7B2.0B2.2B2.3B
Cash905.2M995.2M370M1.2B1.5B1.5B
Non Current Assets Total3.1B3.1B3.1B3.0B3.1B3.3B
Non Currrent Assets Other59.5M455.3M512.5M535.3M592.1M621.7M
Cash And Short Term Investments932.4M1.0B1.2B1.6B1.5B1.6B
Net Receivables790.3M1.1B1.3B1.4B1.6B1.7B
Common Stock Shares Outstanding361.8M361M362.1M363.1M362.3M300.6M
Liabilities And Stockholders Equity8.6B9.2B9.6B10.5B10.4B10.9B
Non Current Liabilities Total1.3B1.3B1.3B1.2B1.3B1.3B
Other Current Assets244.8M4.1B4.0B4.5B4.1B4.3B
Other Stockholder Equity1.3B1.4B1.5B1.6B1.7B1.8B
Total Liab5.8B6.3B6.6B7.1B6.6B6.9B
Total Current Assets5.5B6.2B6.6B7.5B7.3B7.6B
Accounts Payable79.4M89M105.7M84.7M104.3M109.5M
Property Plant And Equipment Gross522.2M498.8M480M457.8M1.6B1.7B
Accumulated Other Comprehensive Income56.5M51.8M(133.9M)(159.9M)(145.1M)(137.8M)
Other Liab415.1M448.7M451.3M408.3M469.5M493.0M
Current Deferred Revenue39.2M37.9M38.4M47.3M50.2M52.7M
Other Assets397.7M432M455.3M512.5M589.4M618.8M
Good Will1.8B1.8B1.8B1.8B1.9B2.0B
Short Term Investments27.2M36.7M853.9M373.4M33.9M32.2M
Inventory3.9B3.5B3.8B4.2B4.8B5.1B
Intangible Assets330.6M275.8M224.6M187.4M194.5M174.1M
Property Plant Equipment407.4M498.8M480M396.3M455.7M324.8M
Net Tangible Assets659.7M851.5M1.0B1.5B1.3B821.8M
Long Term Debt796.8M797.3M797.7M798.2M798.6M838.5M
Retained Earnings Total Equity1.4B1.4B1.7B2.0B2.3B1.3B
Capital Surpluse1.3B1.4B1.5B1.6B1.9B1.1B
Deferred Long Term Liab240.8M384.1M433.3M112.1M128.9M134.3M

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