Paylocity Holdng (PCTY)
Total asset turnover
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,402,515 | 1,353,681 | 1,292,257 | 1,238,904 | 1,174,598 | 1,095,092 | 1,001,205 | 924,234 | 852,651 | 791,155 | 731,238 | 681,530 | 635,627 | 598,765 | 584,358 | 570,403 | 561,329 | 551,113 | 519,019 | 493,849 |
| Total assets | US$ in thousands | 4,245,460 | 4,953,040 | 4,492,720 | 3,646,780 | 3,695,680 | 4,193,520 | 3,937,770 | 3,095,110 | 4,809,010 | 5,079,240 | 2,588,590 | 3,811,540 | 2,414,880 | 2,663,550 | 2,850,960 | 2,004,850 | 1,985,650 | 2,256,930 | 2,323,430 | 1,598,470 |
| Total asset turnover | 0.33 | 0.27 | 0.29 | 0.34 | 0.32 | 0.26 | 0.25 | 0.30 | 0.18 | 0.16 | 0.28 | 0.18 | 0.26 | 0.22 | 0.20 | 0.28 | 0.28 | 0.24 | 0.22 | 0.31 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,402,515K ÷ $4,245,460K
= 0.33
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets. In the case of Paylocity Holding, the total asset turnover has fluctuated over the past few quarters, ranging from 0.16 to 0.34.
The trend of the total asset turnover for Paylocity Holding shows some variability, with higher ratios indicating better asset utilization. In recent quarters, the company saw a peak in total asset turnover at 0.34 in September 2023, suggesting an improved efficiency in generating revenue from its assets. However, this was followed by a slight decrease in subsequent quarters.
The lower total asset turnover figures observed, such as 0.16 in March 2022 and 0.18 in September 2022 and March 2021, may raise concerns about the company's asset management efficiency during those periods. It is important for investors and stakeholders to monitor this metric to assess how effectively the company is managing its assets to drive revenue growth.
Peer comparison
Jun 30, 2024