Paycom Soft (PAYC)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 451,322 | 450,433 | 427,797 | 412,844 | 378,679 | 341,471 | 310,511 | 285,288 | 253,567 | 221,188 | 211,919 | 191,405 | 186,123 | 210,170 | 226,690 | 253,000 | 226,224 | 209,343 | 195,032 | 185,183 |
| Total assets | US$ in thousands | 4,197,540 | 3,856,100 | 3,951,340 | 4,241,620 | 3,902,510 | 3,314,570 | 4,891,700 | 5,444,570 | 3,215,140 | 4,218,040 | 3,233,090 | 3,406,770 | 2,607,910 | 2,485,200 | 1,921,500 | 2,309,720 | 2,486,920 | 1,592,030 | 1,826,190 | 2,062,830 |
| Operating ROA | 10.75% | 11.68% | 10.83% | 9.73% | 9.70% | 10.30% | 6.35% | 5.24% | 7.89% | 5.24% | 6.55% | 5.62% | 7.14% | 8.46% | 11.80% | 10.95% | 9.10% | 13.15% | 10.68% | 8.98% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $451,322K ÷ $4,197,540K
= 10.75%
To analyze the operating return on assets (operating ROA) of Paycom Software Inc, we can observe a consistent improvement in the metric over the recent quarters. The operating ROA increased from 9.70% in Q4 2022 to 10.75% in Q4 2023, indicating a positive trend in the company's operational efficiency in generating profits from its assets.
The operating ROA reached its peak in Q3 2023 at 11.68%, showcasing a significant performance improvement. Although there was a slight dip to 10.83% in Q2 2023, the metric remained relatively stable at above 10% in the following quarters, demonstrating the company's ability to efficiently utilize its assets to generate operating income.
Comparing the operating ROA of Q4 2023 to Q1 2022, there is a notable increase from 5.24% to 10.75%, signifying substantial growth in operational performance and asset utilization over the period.
Overall, the consistently improving trend in operating ROA reflects positively on Paycom Software Inc's operational efficiency and effectiveness in generating profits relative to its assets, indicating a healthy financial position and management of resources.
Peer comparison
Dec 31, 2023