Paylocity Holdng (PCTY)

Return on assets (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
Net income (ttm)	US$ in thousands	206,766	195,201	167,503	144,987	140,822	118,714	95,944	90,197	90,777	87,514	89,502	89,291	70,819	63,886	67,184	63,009	64,455	69,746	57,640	57,877
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
ROA		4.87%	3.94%	3.73%	3.98%	3.81%	2.83%	2.44%	2.91%	1.89%	1.72%	3.46%	2.34%	2.93%	2.40%	2.36%	3.14%	3.25%	3.09%	2.48%	3.62%

June 30, 2024 calculation

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

The return on assets (ROA) of Paylocity Holding has shown fluctuations over the past 10 quarters. The ROA for the most recent quarter, ending on June 30, 2024, was 4.87%, representing an increase compared to the previous quarter. This uptick indicates that the company generated $0.0487 in profit for every dollar of assets it holds.

Analyzing the trend over the last few quarters, we observe some variability in the ROA figures. Despite some volatility, the ROA has trended upwards in recent quarters, which may suggest improving efficiency in asset utilization and profitability.

It is important to note that while a higher ROA is generally favorable as it indicates better asset utilization and profitability, it is essential to assess this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's overall financial performance.