Paychex (Paychex) Days Payable

: 22.38 (As of Feb. 2024)

View and export this data going back to 1983. Start your Free Trial

Paychex's average Accounts Payable for the three months ended in Feb. 2024 was $93 Mil. Paychex's Cost of Goods Sold for the three months ended in Feb. 2024 was $380 Mil. Hence, Paychex's Days Payable for the three months ended in Feb. 2024 was 22.38.

The historical rank and industry rank for Paychex's Days Payable or its related term are showing as below:

PAYX' s Days Payable Range Over the Past 10 Years
Min: 22.13 Med: 23.13 Max: 26.2
Current: 24.21

During the past 13 years, Paychex's highest Days Payable was 26.20. The lowest was 22.13. And the median was 23.13.

PAYX's Days Payable is ranked worse than
73.14% of 927 companies
in the Business Services industry
Industry Median: 47.71 vs PAYX: 24.21

Paychex's Days Payable declined from Feb. 2023 (25.60) to Feb. 2024 (22.38). It may suggest that Paychex accelerated paying its suppliers.

Paychex Days Payable Historical Data

The historical data trend for Paychex's Days Payable 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.

* Premium members only.

Paychex Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

23.18

22.13

24.18

26.20

23.91

Paychex Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable																25.60	25.56	22.80	23.51	22.38

Competitive Comparison

For the Staffing & Employment Services subindustry, Paychex's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Paychex Days Payable Distribution

For the Business Services industry and Industrials sector, Paychex's Days Payable distribution charts can be found below:

* The bar in red indicates where Paychex's Days Payable falls into.

Paychex Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Paychex's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (105.7	+	84.7)	/	2 )	/	1453	*	365
=	95.2					/	1453	*	365
=	23.91

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

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (92.3	+	94)	/	2 )	/	379.8	*	365 / 4
=	93.15					/	379.8	*	365 / 4
=	22.38

Paychex Days Payable Related Terms

Thank you for viewing the detailed overview of Paychex's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Paychex (Paychex) Business Description

Industry

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

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