Paylocity Holdng (PCTY)
Total 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 |
| Total assets | US$ in thousands | 4,389,430 | 4,245,460 | 3,695,680 | 4,809,010 | 2,414,880 |
| Total asset turnover | 0.36 | 0.33 | 0.32 | 0.18 | 0.26 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,595,220K ÷ $4,389,430K
= 0.36
The total asset turnover ratio for Paylocity Holding has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the ratio stood at 0.26, indicating the company was generating approximately $0.26 in revenue for every dollar of total assets. This ratio decreased significantly by June 30, 2022, to 0.18, suggesting a decline in the efficiency of asset utilization in generating sales.
Subsequently, the ratio experienced an upward trend, reaching 0.32 on June 30, 2023, and marginally increasing to 0.33 by June 30, 2024. This indicates an improvement in asset efficiency, with the company generating more revenue per dollar of assets compared to previous years. The upward trajectory continued into June 30, 2025, with the ratio reaching 0.36, reflecting further efficiency gains in asset utilization.
Overall, the trend from 2021 to 2025 demonstrates a period of initial decline followed by a consistent recovery and improvement in total asset turnover. This pattern suggests that Paylocity Holding has been increasingly effective in utilizing its assets to generate revenue, particularly in the later years of the period analyzed.
Peer comparison
Jun 30, 2025