Paycom Soft (PAYC)
Receivables 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,883,200K ÷ $—K
= —
The data provided for Paycom Soft's receivables turnover ratio for the years 2020 to 2024 shows that the ratio is not available or not applicable ("—") for each of these years. The absence of specific figures for the receivables turnover ratio inhibits the ability to assess how efficiently the company is collecting its accounts receivable. However, a low or declining receivables turnover ratio could indicate potential issues with the company's credit policies, collection process, or the quality of its receivables. It is essential for Paycom Soft to monitor and improve its receivables turnover ratio to ensure timely collection of outstanding debts and optimize its working capital management.
Peer comparison
Dec 31, 2024