Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Paylocity Holding's accounts receivables for the quarter that ended in Mar. 2024 was $34 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Paylocity Holding's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 7.67.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Paylocity Holding's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-59.11.
Paylocity Holding Accounts Receivable Historical Data
The historical data trend for Paylocity Holding'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Paylocity Holding 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.
Paylocity Holding's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Paylocity Holding's accounts receivable are only considered to be worth 75% of book value:
Paylocity Holding's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:
* 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.
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.
Paylocity Holding Accounts Receivable Related Terms
Thank you for viewing the detailed overview of Paylocity Holding's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Paylocity Holding (Paylocity Holding) Business Description
Paylocity is a provider of payroll and human capital management, or HCM, solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10 to 5,000 employees and services about 36,000 clients as of fiscal 2023. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software, as well workplace collaboration and communication tools.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PCTY has been successfully added to your 