Paychex (NASDAQ:PAYX) Might Become A Compounding Machine [Yahoo! Finance]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: Yahoo! Finance
return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So, when we ran our eye over Paychex's NASDAQ:PAYX ) trend of ROCE, we really liked what we saw. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Paychex is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.43 = US$2.2b ÷ (US$10b - US$5.3b) (Based on the trailing twelve months to May 2024) Therefore, Paychex has an ROCE of 43%. In absolute terms that's a great return and it's even better than the Professional Services industry average of 14%. Above you can see how the current ROCE for Paychex compares to its
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PAYX
News
- Paychex Introduces AI-Assisted Recruiting That Helps Small Businesses Instantly Find Top TalentBusiness Wire
- Tom Golisano Makes Remarkable Philanthropic Gifts of $360 Million to 82 Non-Profits Across Upstate New York [Yahoo! Finance]Yahoo! Finance
- Paychex, Inc. Schedules First Quarter Fiscal 2025 Earnings Conference Call for October 1, 2024Business Wire
- Automatic Data Processing: Don't Underestimate The Threat Of AI [Seeking Alpha]Seeking Alpha
- This Two Minute Video From Google Shows How AI Will Soon Turn Your Company Upside Down [Forbes]Forbes
PAYX
Earnings
- 6/26/24 - Beat
PAYX
Sec Filings
- 9/6/24 - Form 4
- 8/30/24 - Form 4
- 8/30/24 - Form ARS
- PAYX's page on the SEC website