Paychex Inc (PAYX)
Operating return on assets (Operating ROA)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,174,100 | 2,145,600 | 2,107,700 | 2,073,800 | 2,033,100 | 1,973,800 | 1,924,700 | 1,892,700 | 1,840,000 | 1,799,800 | 1,705,600 | 1,619,600 | 1,460,700 | 1,406,500 | 1,408,000 | 1,395,400 | 1,460,500 | 1,475,400 | 1,434,600 | 1,400,100 |
| Total assets | US$ in thousands | 10,383,100 | 13,023,900 | 12,052,100 | 12,200,000 | 10,546,400 | 10,603,600 | 9,214,300 | 9,125,900 | 9,635,200 | 10,283,700 | 9,688,100 | 9,367,300 | 9,227,200 | 9,665,900 | 8,615,400 | 8,376,900 | 8,550,700 | 9,466,900 | 8,701,700 | 8,638,200 |
| Operating ROA | 20.94% | 16.47% | 17.49% | 17.00% | 19.28% | 18.61% | 20.89% | 20.74% | 19.10% | 17.50% | 17.61% | 17.29% | 15.83% | 14.55% | 16.34% | 16.66% | 17.08% | 15.58% | 16.49% | 16.21% |
May 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,174,100K ÷ $10,383,100K
= 20.94%
Paychex Inc's operating return on assets (ROA) has shown fluctuations over the past few periods, ranging from 14.55% to 20.94%. The company's performance peaked at 20.94% in May 2024, indicating that for every dollar of assets the company owns, it generated a return of approximately $0.21 through its operations. This suggests efficient asset utilization to generate profits.
On average, Paychex Inc's operating ROA has been relatively strong, with an average of around 17.55% over the periods analyzed. This indicates that the company has been effectively generating profits from its operating activities relative to the assets it holds.
It is important to note that while there have been some fluctuations in operating ROA, Paychex Inc has generally maintained a solid performance in generating returns from its assets. This indicates that the company is efficiently managing its assets to generate profits, which is a positive indicator for its financial health and operational efficiency.