Paylocity Holdng (PCTY)
Fixed asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,595,220 | 1,402,520 | 1,174,600 | 852,651 | 635,627 |
| Property, plant and equipment | US$ in thousands | — | — | 108,136 | 112,049 | 103,819 |
| Fixed asset turnover | — | — | 10.86 | 7.61 | 6.12 |
June 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,595,220K ÷ $—K
= —
The fixed asset turnover ratio for Paylocity Holding demonstrates a consistent upward trend over the period from June 30, 2021, to June 30, 2024. Specifically, the ratio increased from 6.12 in 2021 to 7.61 in 2022, reflecting improved efficiency in utilizing fixed assets to generate revenue. This upward movement accelerated further by June 30, 2023, reaching 10.86, indicating a significant enhancement in asset utilization. The ratio’s growth suggests that the company has become more effective at generating sales from its fixed asset base over this period.
The absence of data beyond June 30, 2023, precludes observations beyond this date, but the trend up to that point indicates a positive trajectory in fixed asset productivity. This pattern may imply improvements in operational efficiency, better asset management, or strategic investments aimed at optimizing fixed asset deployment. Overall, the data points to a steadily increasing efficiency in fixed asset utilization, which is generally favorable from a financial performance perspective.
Peer comparison
Jun 30, 2025