Paycom Soft (PAYC)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	340,788	338,982	315,916	308,755	281,389	250,125	228,351	223,274	195,960	171,640	168,743	145,054	143,453	164,466	176,136	196,309	180,576	166,610	156,227	143,187
Total stockholders’ equity	US$ in thousands	1,303,040	1,421,310	1,406,680	1,334,470	1,182,610	1,076,380	994,139	1,009,020	893,714	825,341	792,256	745,476	655,643	632,399	585,853	599,788	526,628	474,898	434,762	398,553
ROE		26.15%	23.85%	22.46%	23.14%	23.79%	23.24%	22.97%	22.13%	21.93%	20.80%	21.30%	19.46%	21.88%	26.01%	30.06%	32.73%	34.29%	35.08%	35.93%	35.93%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $340,788K ÷ $1,303,040K
= 26.15%

Paycom Software Inc has shown a consistent performance in terms of Return on Equity (ROE) over the past eight quarters. The ROE has ranged from 22.13% to 26.15% during this period, indicating that the company has been effectively utilizing shareholders' equity to generate profits. The upward trend from 22.13% in Q1 2022 to 26.15% in Q4 2023 demonstrates an improvement in the company's profitability and efficiency in generating returns for its shareholders. Paycom Software Inc's ability to maintain ROE above 20% consistently suggests strong operational performance and effective management of assets and liabilities to maximize shareholders' wealth.