Paychex (Paychex) Accounts Receivable : $1,089 Mil (As of Feb. 2024)

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What is Paychex Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Paychex's accounts receivables for the quarter that ended in Feb. 2024 was $1,089 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Paychex's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 69.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Paychex's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-18.70.

Paychex Accounts Receivable Historical Data

The historical data trend for Paychex's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Paychex Accounts Receivable Chart

Paychex Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Receivable

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420.50

384.10

578.30

723.80

873.30

Paychex Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable	Get a 7-Day Free Trial															799.40	873.30	1,015.80	1,082.70	1,088.60

Paychex Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Paychex Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Paychex's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1088.6	/	1439.3	*	91
=	69.02

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Paychex's accounts receivable are only considered to be worth 75% of book value:

Paychex's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1730.2	+	0.75 * 1088.6	+	0.5 * 0	-	9276.8
-	0	-	0)	/	359.963
=	-18.70

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Paychex Accounts Receivable Related Terms

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Paychex (Paychex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Paychex Inc (NAS:PAYX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

PCX:Germany PCX:Germany PCX:Germany

Address

911 Panorama Trail South, Rochester, NY, USA, 14625-2396

Website

https://www.paychex.com

Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 740,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.

Executives

Flaschen David J S	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Christopher C Simmons	officer: VP, Controller & Treasurer	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Michael E Gioja	officer: Sr. Vice President	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Efrain Rivera	officer: Sr. Vice President, CFO	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Martin Mucci	officer: Sr. Vice President	911 PANORAMA TRAIL S, ROCHESTER NY 14625
Joseph M Tucci	director	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Joseph M Velli	director
Elizabeth Roaldsen	officer: Sr. Vice President	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Karen E. Saunders-mcclendon	officer: VP, Chief Human Resources Offi	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Theresa M. Payton	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
John B Gibson	officer: Sr. VP, Service	CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Mark Anthony Bottini	officer: Sr. VP of Sales	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Robert L. Schrader	officer: VP/Controller	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Stephanie L Schaeffer	officer: Chief Legal Officer	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Joseph Doody	director	CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701