Paycom Software (Paycom Software) ROCE % : 26.02% (As of Dec. 2023)

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What is Paycom Software ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Paycom Software's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.02%.

Paycom Software ROCE % Historical Data

The historical data trend for Paycom Software's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Paycom Software ROCE % Chart

Paycom Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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37.02

22.91

24.21

28.52

29.75

Paycom Software Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															31.25	41.58	21.73	23.04	26.02

Paycom Software ROCE % Calculation

Paycom Software's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	474.326	/	( ( (3902.513 - 2377.037)	+	(4197.539 - 2534.643) )	/ 2 )
	=	474.326	/	( (1525.476	+	1662.896)	/ 2 )
	=	474.326	/	1594.186
	=	29.75 %

Paycom Software's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	448.712	/	( ( (3856.101 - 2069.91)	+	(4197.539 - 2534.643) )	/ 2 )
	=	448.712	/	( ( 1786.191	+	1662.896 )	/ 2 )
	=	448.712	/	1724.5435
	=	26.02 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Paycom Software (NYSE:PAYC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Paycom Software ROCE % Related Terms

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Paycom Software (Paycom Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paycom Software Inc (NYSE:PAYC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PAYC:Mexico P1YC34:Brazil

Address

7501 W. Memorial Road, Oklahoma, OK, USA, 73142

Website

https://www.paycom.com

Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,000 clients as of 2022, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

Executives

Chad R. Richison	director, 10 percent owner, officer: President and CEO	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Jason D. Clark	director	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Watts J C Jr	director
Christopher Gene Thomas	officer: SEVP of Operations	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Peters Frederick C Ii	director	BRYN MAWR BANK CORP, 801 LANCASTER AVE, BRYN MAWR PA 19010
Holly Faurot	officer: Chief Sales Officer	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Justin Devon Long	officer: EVP of Operations	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Bradley Scott Smith	officer: Chief Information Officer	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Craig E. Boelte	officer: Chief Financial Officer	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Felicia Williams	director	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Sharen J Turney	director	THREE LIMITED PARKWAY, COLUMBUS OH 43230
Jon Evans	officer: Chief Operating Officer	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Jeffrey D. York	officer: Chief Sales Officer	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Robert J Levenson	director	300 SEMINOLE AVENUE, P.H. 6B, PALM BEACH FL 33480
Kathy Oden-hall	officer: See Remarks	7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142