Paychex Property Plant And Equipment Net vs Net Debt Analysis

PAYX Stock  USD 139.54  1.73  1.26%   
Paychex financial indicator trend analysis is much more than just breaking down Paychex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paychex is a good investment. Please check the relationship between Paychex Property Plant And Equipment Net and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.

Property Plant And Equipment Net vs Net Debt

Property Plant And Equipment Net vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paychex Property Plant And Equipment Net account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Paychex's Property Plant And Equipment Net and Net Debt is 0.1. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Debt in the same time period over historical financial statements of Paychex, assuming nothing else is changed. The correlation between historical values of Paychex's Property Plant And Equipment Net and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Paychex are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant And Equipment Net i.e., Paychex's Property Plant And Equipment Net and Net Debt go up and down completely randomly.

Correlation Coefficient

0.1
Relationship DirectionPositive 
Relationship StrengthInsignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Paychex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paychex current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.At this time, Paychex's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.37 in 2024, whereas Tax Provision is likely to drop slightly above 443.2 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.3B3.6B3.8B4.0B
Total Revenue4.6B5.0B5.3B5.5B

Paychex fundamental ratios Correlations

0.710.730.720.970.75-0.260.940.780.930.740.870.850.080.780.710.960.990.98-0.250.950.650.850.820.810.88
0.710.960.960.560.930.010.490.230.570.180.380.30.710.330.190.560.780.750.210.60.130.410.340.290.45
0.730.961.00.570.9-0.020.510.250.560.250.420.350.720.340.260.580.80.770.20.610.10.420.380.350.46
0.720.961.00.570.89-0.040.50.240.550.240.40.350.710.310.250.580.80.780.240.610.110.410.370.340.45
0.970.560.570.570.64-0.330.980.880.950.850.940.94-0.080.850.80.980.930.93-0.390.940.770.90.890.880.92
0.750.930.90.890.640.10.560.380.720.330.510.450.650.570.340.660.80.73-0.050.670.150.610.520.510.65
-0.260.01-0.02-0.04-0.330.1-0.36-0.52-0.1-0.23-0.3-0.290.31-0.01-0.22-0.29-0.21-0.33-0.15-0.18-0.62-0.15-0.26-0.21-0.08
0.940.490.510.50.980.56-0.360.890.910.870.960.93-0.140.830.810.930.890.9-0.460.910.810.850.840.850.89
0.780.230.250.240.880.38-0.520.890.840.840.90.9-0.340.860.790.850.690.7-0.590.760.820.880.870.890.87
0.930.570.560.550.950.72-0.10.910.840.790.880.89-0.020.950.730.940.90.84-0.520.920.620.970.90.90.99
0.740.180.250.240.850.33-0.230.870.840.790.930.94-0.310.830.980.830.660.67-0.610.780.730.80.810.850.83
0.870.380.420.40.940.51-0.30.960.90.880.930.94-0.190.870.90.910.80.81-0.570.840.740.860.860.890.9
0.850.30.350.350.940.45-0.290.930.90.890.940.94-0.270.880.90.940.780.78-0.530.880.780.920.920.940.92
0.080.710.720.71-0.080.650.31-0.14-0.34-0.02-0.31-0.19-0.27-0.15-0.26-0.060.180.130.37-0.03-0.47-0.14-0.19-0.23-0.09
0.780.330.340.310.850.57-0.010.830.860.950.830.870.88-0.150.780.840.720.65-0.740.80.580.960.870.910.98
0.710.190.260.250.80.34-0.220.810.790.730.980.90.9-0.260.780.790.630.65-0.560.750.640.750.740.810.78
0.960.560.580.580.980.66-0.290.930.850.940.830.910.94-0.060.840.790.920.91-0.310.930.720.920.920.890.92
0.990.780.80.80.930.8-0.210.890.690.90.660.80.780.180.720.630.920.98-0.160.930.560.80.760.750.83
0.980.750.770.780.930.73-0.330.90.70.840.670.810.780.130.650.650.910.98-0.090.910.630.740.730.710.77
-0.250.210.20.24-0.39-0.05-0.15-0.46-0.59-0.52-0.61-0.57-0.530.37-0.74-0.56-0.31-0.16-0.09-0.31-0.35-0.56-0.45-0.57-0.61
0.950.60.610.610.940.67-0.180.910.760.920.780.840.88-0.030.80.750.930.930.91-0.310.70.880.810.860.89
0.650.130.10.110.770.15-0.620.810.820.620.730.740.78-0.470.580.640.720.560.63-0.350.70.650.680.690.62
0.850.410.420.410.90.61-0.150.850.880.970.80.860.92-0.140.960.750.920.80.74-0.560.880.650.930.960.98
0.820.340.380.370.890.52-0.260.840.870.90.810.860.92-0.190.870.740.920.760.73-0.450.810.680.930.890.91
0.810.290.350.340.880.51-0.210.850.890.90.850.890.94-0.230.910.810.890.750.71-0.570.860.690.960.890.94
0.880.450.460.450.920.65-0.080.890.870.990.830.90.92-0.090.980.780.920.830.77-0.610.890.620.980.910.94
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Paychex Account Relationship Matchups

Paychex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.6B9.2B9.6B10.5B10.4B10.9B
Short Long Term Debt Total898.8M897.1M881.2M865.7M885.5M538.8M
Other Current Liab4.3B4.8B5.1B5.6B5.1B2.7B
Total Current Liabilities4.4B4.9B5.3B5.8B5.3B2.9B
Total Stockholder Equity2.8B2.9B3.1B3.5B3.8B4.0B
Property Plant And Equipment Net522.2M498.8M480M457.8M458.6M233.2M
Net Debt(6.4M)(98.1M)511.2M(356.3M)(602.6M)(572.5M)
Retained Earnings1.4B1.4B1.7B2.0B2.2B2.3B
Cash905.2M995.2M370M1.2B1.5B1.5B
Non Current Assets Total3.1B3.1B3.1B3.0B3.1B3.3B
Non Currrent Assets Other59.5M455.3M512.5M535.3M592.1M621.7M
Cash And Short Term Investments932.4M1.0B1.2B1.6B1.5B1.6B
Net Receivables790.3M1.1B1.3B1.4B1.6B1.7B
Common Stock Shares Outstanding361.8M361M362.1M363.1M362.3M300.6M
Liabilities And Stockholders Equity8.6B9.2B9.6B10.5B10.4B10.9B
Non Current Liabilities Total1.3B1.3B1.3B1.2B1.3B1.3B
Other Current Assets244.8M4.1B4.0B4.5B4.1B4.3B
Other Stockholder Equity1.3B1.4B1.5B1.6B1.7B1.8B
Total Liab5.8B6.3B6.6B7.1B6.6B6.9B
Total Current Assets5.5B6.2B6.6B7.5B7.3B7.6B
Accounts Payable79.4M89M105.7M84.7M104.3M109.5M
Property Plant And Equipment Gross522.2M498.8M480M457.8M1.6B1.7B
Accumulated Other Comprehensive Income56.5M51.8M(133.9M)(159.9M)(145.1M)(137.8M)
Other Liab415.1M448.7M451.3M408.3M469.5M493.0M
Current Deferred Revenue39.2M37.9M38.4M47.3M50.2M52.7M
Other Assets397.7M432M455.3M512.5M589.4M618.8M
Good Will1.8B1.8B1.8B1.8B1.9B2.0B
Short Term Investments27.2M36.7M853.9M373.4M33.9M32.2M
Inventory3.9B3.5B3.8B4.2B4.8B5.1B
Intangible Assets330.6M275.8M224.6M187.4M194.5M174.1M
Property Plant Equipment407.4M498.8M480M396.3M455.7M324.8M
Net Tangible Assets659.7M851.5M1.0B1.5B1.3B821.8M
Long Term Debt796.8M797.3M797.7M798.2M798.6M838.5M
Retained Earnings Total Equity1.4B1.4B1.7B2.0B2.3B1.3B
Capital Surpluse1.3B1.4B1.5B1.6B1.9B1.1B
Deferred Long Term Liab240.8M384.1M433.3M112.1M128.9M134.3M

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