Paylocity Holdng (PCTY)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	260,093	246,536	220,624	189,126	155,026	124,500	91,501	81,431	84,594	74,868	66,633	64,846	58,043	55,259	63,857	63,620	66,171	69,064	57,535	58,448
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
Operating ROA		6.13%	4.98%	4.91%	5.19%	4.19%	2.97%	2.32%	2.63%	1.76%	1.47%	2.57%	1.70%	2.40%	2.07%	2.24%	3.17%	3.33%	3.06%	2.48%	3.66%

June 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $260,093K ÷ $4,245,460K
= 6.13%

The operating return on assets (operating ROA) for Paylocity Holdng has shown some fluctuations over the past five years. From Dec 31, 2019, to Jun 30, 2024, the operating ROA ranged between 2.32% and 6.13%. The trend indicates some variations with no clear consistent upward or downward trajectory.

The highest operating ROA was recorded in the most recent quarter at 6.13%, which signifies the company's ability to generate operating income relative to its total assets. However, it is important to note that the operating ROA has experienced volatility over the periods, with some quarters showing lower percentages.

Overall, the operating ROA trend suggests that Paylocity Holdng's efficiency in generating operating income from its assets has been somewhat mixed in recent quarters. Further analysis of the company's operational and financial performance may provide insights into the factors influencing these fluctuations.