Shareholders Are Optimistic That Paychex (NASDAQ:PAYX) Will Multiply In Value [Yahoo! Finance]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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investor.paychex.com
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Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. That's why when we briefly looked at Paychex's NASDAQ:PAYX ) ROCE trend, we were very happy with what we saw. Understanding Return On Capital Employed (ROCE) Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its 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$2.1b ÷ (US$13b - US$8.0b) (Based on the trailing twelve months to February 2024) Thus, Paychex has an ROCE of 43%. In absolute terms that's a great return and it's even better than the Professional Services
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News
- Hershey, Paychex, and Ryder's Consistent Payout Growth for Reliable Income [Yahoo! Finance]Yahoo! Finance
- Paychex, Inc. (NASDAQ:PAYX) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Paychex, Inc. (NASDAQ:PAYX) Just Released Its Full-Year Earnings: Here's What Analysts Think [Yahoo! Finance]Yahoo! Finance
- Paychex, Inc. (NASDAQ: PAYX) had its price target lowered by analysts at Morgan Stanley from $125.00 to $122.00. They now have an "equal weight" rating on the stock.MarketBeat
- Paychex, Inc. (NASDAQ: PAYX) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $130.00 price target on the stock.MarketBeat
PAYX
Earnings
- 6/26/24 - Beat
PAYX
Sec Filings
- 6/26/24 - Form 8-K
- 6/17/24 - Form 8-K
- 6/10/24 - Form 11-K
- PAYX's page on the SEC website