Paychex Net Income vs Extraordinary Items Analysis

0KGE Stock   141.47  1.22  0.86%   
Paychex financial indicator trend analysis is much more than just breaking down Paychex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paychex is a good investment. Please check the relationship between Paychex Net Income and its Extraordinary Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.

Net Income vs Extraordinary Items

Net Income vs Extraordinary Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paychex Net Income account and Extraordinary Items. At this time, the significance of the direction appears to have pay attention.
The correlation between Paychex's Net Income and Extraordinary Items is -0.81. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of Paychex, assuming nothing else is changed. The correlation between historical values of Paychex's Net Income and Extraordinary Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Paychex are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Net Income i.e., Paychex's Net Income and Extraordinary Items go up and down completely randomly.

Correlation Coefficient

-0.81
Relationship DirectionNegative 
Relationship StrengthSignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Paychex financial statement analysis. It represents the amount of money remaining after all of Paychex operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Extraordinary Items

Most indicators from Paychex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paychex current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.Selling General Administrative is likely to gain to about 1.8 B in 2024, whereas Tax Provision is likely to drop slightly above 292.8 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue4.6B5.0B5.3B5.5B
Depreciation And Amortization191.8M176.6M176.5M185.3M

Paychex fundamental ratios Correlations

0.710.70.720.970.75-0.260.940.780.930.80.870.850.080.780.580.960.990.98-0.220.950.820.780.64-0.560.72
0.710.960.960.560.930.010.490.230.570.270.380.30.710.330.930.560.780.750.270.60.340.790.40.020.47
0.70.961.00.540.88-0.040.480.210.520.240.370.320.720.280.960.560.780.760.310.590.340.790.350.050.46
0.720.961.00.570.89-0.040.50.240.550.270.40.350.710.310.950.580.80.780.280.610.370.80.370.030.48
0.970.560.540.570.64-0.330.980.880.950.890.940.94-0.080.850.40.980.930.93-0.380.940.890.670.64-0.680.75
0.750.930.880.890.640.10.560.380.720.480.510.450.650.570.770.660.80.730.040.670.520.610.630.040.72
-0.260.01-0.04-0.04-0.330.1-0.36-0.52-0.1-0.13-0.3-0.290.31-0.01-0.1-0.29-0.21-0.33-0.07-0.18-0.26-0.360.180.620.12
0.940.490.480.50.980.56-0.360.890.910.890.960.93-0.140.830.340.930.890.9-0.470.910.840.640.57-0.710.7
0.780.230.210.240.880.38-0.520.890.840.910.90.9-0.340.860.050.850.690.7-0.580.760.870.360.62-0.730.71
0.930.570.520.550.950.72-0.10.910.840.930.880.89-0.020.950.350.940.90.84-0.450.920.90.530.84-0.520.88
0.80.270.240.270.890.48-0.130.890.910.930.930.96-0.250.980.020.880.720.68-0.70.830.910.280.75-0.60.87
0.870.380.370.40.940.51-0.30.960.90.880.930.94-0.190.870.190.910.80.81-0.60.840.860.470.56-0.650.75
0.850.30.320.350.940.45-0.290.930.90.890.960.94-0.270.880.120.940.780.78-0.560.880.920.430.62-0.70.78
0.080.710.720.71-0.080.650.31-0.14-0.34-0.02-0.25-0.19-0.27-0.150.71-0.060.180.130.43-0.03-0.190.260.070.640.18
0.780.330.280.310.850.57-0.010.830.860.950.980.870.88-0.150.070.840.720.65-0.680.810.870.240.86-0.470.92
0.580.930.960.950.40.77-0.10.340.050.350.020.190.120.710.070.410.680.680.510.460.160.840.180.070.21
0.960.560.560.580.980.66-0.290.930.850.940.880.910.94-0.060.840.410.920.91-0.30.930.920.650.65-0.630.76
0.990.780.780.80.930.8-0.210.890.690.90.720.80.780.180.720.680.920.98-0.120.930.760.830.62-0.480.69
0.980.750.760.780.930.73-0.330.90.70.840.680.810.780.130.650.680.910.98-0.090.910.730.880.49-0.550.59
-0.220.270.310.28-0.380.04-0.07-0.47-0.58-0.45-0.7-0.6-0.560.43-0.680.51-0.3-0.12-0.09-0.31-0.40.31-0.410.33-0.55
0.950.60.590.610.940.67-0.180.910.760.920.830.840.88-0.030.810.460.930.930.91-0.310.810.710.65-0.630.72
0.820.340.340.370.890.52-0.260.840.870.90.910.860.92-0.190.870.160.920.760.73-0.40.810.390.72-0.610.8
0.780.790.790.80.670.61-0.360.640.360.530.280.470.430.260.240.840.650.830.880.310.710.390.18-0.460.2
0.640.40.350.370.640.630.180.570.620.840.750.560.620.070.860.180.650.620.49-0.410.650.720.18-0.180.88
-0.560.020.050.03-0.680.040.62-0.71-0.73-0.52-0.6-0.65-0.70.64-0.470.07-0.63-0.48-0.550.33-0.63-0.61-0.46-0.18-0.18
0.720.470.460.480.750.720.120.70.710.880.870.750.780.180.920.210.760.690.59-0.550.720.80.20.88-0.18
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Paychex Account Relationship Matchups

Paychex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.6B9.2B9.6B10.5B10.4B10.9B
Short Long Term Debt Total898.8M897.1M881.2M865.7M885.5M538.8M
Other Current Liab4.3B4.8B5.1B5.6B5.1B2.8B
Total Current Liabilities4.4B4.9B5.3B5.8B5.3B2.9B
Total Stockholder Equity2.8B2.9B3.1B3.5B3.8B4.0B
Property Plant And Equipment Net522.2M498.8M480M457.8M458.6M233.2M
Net Debt(6.4M)(98.1M)511.2M(356.3M)(602.6M)(572.5M)
Retained Earnings1.4B1.4B1.7B2.0B2.2B2.3B
Cash905.2M995.2M370M1.2B1.5B1.5B
Non Current Assets Total3.1B3.1B3.1B3.0B3.1B3.3B
Non Currrent Assets Other432M455.3M512.5M535.3M592.1M621.7M
Cash And Short Term Investments932.4M1.0B1.2B1.6B1.5B1.6B
Net Receivables790.3M1.1B1.3B1.4B1.6B1.7B
Common Stock Shares Outstanding361.8M361M362.1M363.1M362.3M300.6M
Liabilities And Stockholders Equity8.6B9.2B9.6B10.5B10.4B10.9B
Non Current Liabilities Total1.3B1.3B1.3B1.2B1.3B1.3B
Other Current Assets3.7B4.1B4.0B4.5B4.1B2.8B
Other Stockholder Equity1.3B1.4B1.5B1.6B1.7B1.8B
Total Liab5.8B6.3B6.6B7.1B6.6B6.9B
Total Current Assets5.5B6.2B6.6B7.5B7.3B7.6B
Accounts Payable79.4M89M105.7M84.7M104.3M109.5M
Accumulated Other Comprehensive Income56.5M51.8M(133.9M)(159.9M)(145.1M)(137.8M)
Current Deferred Revenue39.2M37.9M38.4M47.3M50.2M52.7M
Inventory3.9B3.5B3.8B4.2B4.8B5.1B
Intangible Assets330.6M275.8M224.6M187.4M194.5M174.1M
Good Will1.8B1.8B1.8B1.8B1.9B952.2M
Short Term Investments27.2M36.7M853.9M373.4M33.9M32.2M
Other Assets377.4M1.0432M455.3M1.151.09
Capital Surpluse1.1B1.2B1.3B1.4B1.7B1.3B
Property Plant Equipment408.7M522.2M498.8M480M552M484.1M
Other Liab415.1M448.7M451.3M408.3M469.5M436.8M
Net Tangible Assets437.8M659.7M851.5M1.0B926.2M700.7M
Deferred Long Term Liab366.3M372.5M384.1M433.3M498.3M421.8M

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