Paylocity Holdng (PCTY)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	206,766	140,822	90,777	70,819	64,455
Total assets	US$ in thousands	4,245,460	3,695,680	4,809,010	2,414,880	1,985,650
ROA		4.87%	3.81%	1.89%	2.93%	3.25%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $206,766K ÷ $4,245,460K
= 4.87%

Paylocity Holdng has shown fluctuating return on assets (ROA) over the past five years. The ROA has ranged from 1.89% in June 2022 to 4.87% in June 2024. This indicates the company's ability to generate profits from its assets, with the highest ROA in 2024 suggesting improved asset utilization efficiency compared to previous years. Despite some variability, the overall trend shows a mixed performance in managing assets effectively to generate returns for shareholders. Further analysis and comparison with industry benchmarks may provide additional insights into Paylocity Holdng's asset management efficiency.