Paycom Soft (PAYC)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	1,883,200	1,693,670	1,375,220	1,055,520	841,434
Property, plant and equipment	US$ in thousands	—	—	402,448	348,953	285,218
Fixed asset turnover		—	—	3.42	3.02	2.95

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,883,200K ÷ $—K
= —

The fixed asset turnover ratio for Paycom Soft has shown an increasing trend over the years, from 2.95 in December 31, 2020, to 3.02 in December 31, 2021, and further to 3.42 in December 31, 2022. This indicates that the company has been able to generate more sales revenue relative to its investment in fixed assets, reflecting a more efficient utilization of its fixed assets for revenue generation.

However, the data for December 31, 2023, and December 31, 2024 is missing, which limits a complete analysis of the company's fixed asset turnover performance for those years. It would be beneficial to obtain this missing data to get a comprehensive understanding of how well the company is leveraging its fixed assets to generate sales.

Overall, the increasing trend in the fixed asset turnover ratio indicates an improvement in the company's efficiency in utilizing its fixed assets to generate revenues, which could be a positive signal for investors and stakeholders.