Total Asset Turnover
since 2014
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- Income Statement
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2014
- Operating Profit Margin since 2014
- Debt to Equity since 2014
- Price to Sales (P/S) since 2014
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Calculation
Paycom Software Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ | |||
| Dec 31, 2019 | = | ÷ | |||
| Dec 31, 2018 | = | ÷ | |||
| Dec 31, 2017 | = | ÷ | |||
| Dec 31, 2016 | = | ÷ | |||
| Dec 31, 2015 | = | ÷ | |||
| Dec 31, 2014 | = | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 US$ in thousands
- Revenue Trends
- The revenue of the company demonstrated consistent and substantial growth over the examined period. Starting at approximately 150.9 million USD in 2014, revenues increased steadily each year, reaching nearly 1.38 billion USD by the end of 2022. The growth was particularly significant after 2018, showing a marked acceleration in revenue expansion, which indicates successful scaling of operations and market demand.
- Total Assets Movement
- Total assets also increased consistently over the period, rising from around 799 million USD in 2014 to approximately 3.9 billion USD by 2022. This growth suggests ongoing investment in assets and possibly expansion initiatives, supporting the company’s revenue growth. Notably, a sharp increase in assets occurred between 2018 and 2019, indicating a possible major asset acquisition or capital infusion during that time frame.
- Total Asset Turnover Ratio
- The total asset turnover ratio, which measures the efficiency of asset utilization in generating revenue, showed a generally positive trend from 0.19 in 2014 to 0.35 in 2022. There was an overall improvement, despite some fluctuations, with the ratio peaking intermittently. This improvement suggests that the company has become more efficient in using its asset base to generate sales over the years, although the ratio values indicate a moderate level of asset productivity typical of the industry.
- Summary
- The company experienced strong financial growth marked by rising revenues and expanding asset base, coupled with improving asset efficiency. The steady increase in revenues and assets indicates robust business development, while the upward trend in asset turnover ratio reflects enhanced operational efficiency. Together, these trends point toward effective management of resources and a successful growth strategy over the reported period.
Comparison to Industry (Industrials)
Paycom Software Inc., total asset turnover, long-term trends, comparison to industry (industrials)
| Paycom Software Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).