Paychex Tax Provision vs Net Income Analysis

PAYX Stock

USD 146.29 0.55 0.37%

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 Tax Provision and its Net Income accounts. Check out Your Equity Center 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 manufacturing.

For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.

Tax Provision vs Net Income

Tax Provision vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paychex Tax Provision account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Paychex's Tax Provision and Net Income is 0.65. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income in the same time period over historical financial statements of Paychex, assuming nothing else is changed. The correlation between historical values of Paychex's Tax Provision and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Paychex are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Tax Provision i.e., Paychex's Tax Provision and Net Income go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

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.

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 Your Equity Center 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 manufacturing.

For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.At this time, Paychex's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.37 in 2025, whereas Tax Provision is likely to drop slightly above 443.2 M in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	3.6B	3.8B	4.4B	4.6B
Total Revenue	5.0B	5.3B	6.1B	6.4B

Gross Profit Total Revenue

Paychex fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Property Plant And Equipment Gross	Other Liab	Current Deferred Revenue	Other Assets	Good Will
Total Assets		0.67	0.93	0.92	0.98	0.95	-0.37	0.95	0.83	0.95	0.81	0.9	0.89	-0.18	0.82	0.77	0.97	0.99	0.98	-0.32	0.96	0.75	0.87	0.86	0.84	0.91
Short Long Term Debt Total	0.67		0.79	0.79	0.54	0.76	-0.11	0.49	0.29	0.56	0.25	0.4	0.35	0.51	0.36	0.25	0.55	0.73	0.7	0.13	0.57	0.22	0.45	0.37	0.35	0.46
Other Current Liab	0.93	0.79		1.0	0.84	0.91	-0.35	0.81	0.62	0.79	0.59	0.72	0.69	0.02	0.58	0.57	0.84	0.97	0.97	-0.01	0.86	0.58	0.67	0.67	0.64	0.71
Total Current Liabilities	0.92	0.79	1.0		0.83	0.9	-0.37	0.8	0.6	0.77	0.57	0.7	0.67	0.03	0.55	0.55	0.83	0.96	0.97	0.04	0.85	0.58	0.65	0.65	0.62	0.69
Total Stockholder Equity	0.98	0.54	0.84	0.83		0.9	-0.43	0.99	0.92	0.95	0.89	0.96	0.95	-0.33	0.87	0.84	0.98	0.94	0.94	-0.44	0.95	0.84	0.89	0.92	0.88	0.93
Property Plant And Equipment Net	0.95	0.76	0.91	0.9	0.9		-0.24	0.85	0.72	0.92	0.66	0.8	0.76	-0.03	0.78	0.63	0.9	0.96	0.93	-0.24	0.9	0.61	0.85	0.78	0.78	0.86
Net Debt	-0.37	-0.11	-0.35	-0.37	-0.43	-0.24		-0.46	-0.58	-0.22	-0.34	-0.4	-0.39	0.37	-0.12	-0.32	-0.4	-0.32	-0.44	-0.09	-0.31	-0.64	-0.18	-0.37	-0.25	-0.2
Retained Earnings	0.95	0.49	0.81	0.8	0.99	0.85	-0.46		0.92	0.92	0.9	0.97	0.95	-0.38	0.85	0.85	0.95	0.91	0.92	-0.49	0.93	0.87	0.84	0.88	0.85	0.91
Cash	0.83	0.29	0.62	0.6	0.92	0.72	-0.58	0.92		0.87	0.88	0.93	0.93	-0.51	0.87	0.84	0.89	0.76	0.78	-0.59	0.83	0.87	0.86	0.9	0.88	0.89
Non Current Assets Total	0.95	0.56	0.79	0.77	0.95	0.92	-0.22	0.92	0.87		0.83	0.91	0.91	-0.24	0.95	0.79	0.95	0.92	0.87	-0.55	0.93	0.71	0.97	0.92	0.92	0.99
Non Currrent Assets Other	0.81	0.25	0.59	0.57	0.89	0.66	-0.34	0.9	0.88	0.83		0.95	0.96	-0.48	0.86	0.98	0.87	0.73	0.75	-0.62	0.84	0.8	0.8	0.85	0.86	0.87
Cash And Short Term Investments	0.9	0.4	0.72	0.7	0.96	0.8	-0.4	0.97	0.93	0.91	0.95		0.96	-0.39	0.89	0.92	0.93	0.84	0.86	-0.58	0.88	0.82	0.85	0.89	0.89	0.92
Net Receivables	0.89	0.35	0.69	0.67	0.95	0.76	-0.39	0.95	0.93	0.91	0.96	0.96		-0.46	0.89	0.92	0.96	0.83	0.83	-0.55	0.91	0.84	0.89	0.94	0.93	0.93
Common Stock Shares Outstanding	-0.18	0.51	0.02	0.03	-0.33	-0.03	0.37	-0.38	-0.51	-0.24	-0.48	-0.39	-0.46		-0.31	-0.42	-0.3	-0.09	-0.15	0.41	-0.28	-0.63	-0.25	-0.39	-0.34	-0.29
Non Current Liabilities Total	0.82	0.36	0.58	0.55	0.87	0.78	-0.12	0.85	0.87	0.95	0.86	0.89	0.89	-0.31		0.81	0.86	0.77	0.71	-0.75	0.83	0.65	0.96	0.89	0.93	0.98
Other Current Assets	0.77	0.25	0.57	0.55	0.84	0.63	-0.32	0.85	0.84	0.79	0.98	0.92	0.92	-0.42	0.81		0.84	0.7	0.73	-0.58	0.8	0.73	0.77	0.8	0.83	0.82
Other Stockholder Equity	0.97	0.55	0.84	0.83	0.98	0.9	-0.4	0.95	0.89	0.95	0.87	0.93	0.96	-0.3	0.86	0.84		0.93	0.93	-0.37	0.95	0.8	0.91	0.94	0.9	0.93
Total Liab	0.99	0.73	0.97	0.96	0.94	0.96	-0.32	0.91	0.76	0.92	0.73	0.84	0.83	-0.09	0.77	0.7	0.93		0.99	-0.23	0.94	0.67	0.83	0.81	0.8	0.86
Total Current Assets	0.98	0.7	0.97	0.97	0.94	0.93	-0.44	0.92	0.78	0.87	0.75	0.86	0.83	-0.15	0.71	0.73	0.93	0.99		-0.18	0.93	0.73	0.77	0.79	0.76	0.82
Short Term Debt	-0.32	0.13	-0.01	0.04	-0.44	-0.24	-0.09	-0.49	-0.59	-0.55	-0.62	-0.58	-0.55	0.41	-0.75	-0.58	-0.37	-0.23	-0.18		-0.37	-0.39	-0.58	-0.48	-0.59	-0.63
Accounts Payable	0.96	0.57	0.86	0.85	0.95	0.9	-0.31	0.93	0.83	0.93	0.84	0.88	0.91	-0.28	0.83	0.8	0.95	0.94	0.93	-0.37		0.79	0.88	0.86	0.88	0.91
Property Plant And Equipment Gross	0.75	0.22	0.58	0.58	0.84	0.61	-0.64	0.87	0.87	0.71	0.8	0.82	0.84	-0.63	0.65	0.73	0.8	0.67	0.73	-0.39	0.79		0.64	0.76	0.69	0.71
Other Liab	0.87	0.45	0.67	0.65	0.89	0.85	-0.18	0.84	0.86	0.97	0.8	0.85	0.89	-0.25	0.96	0.77	0.91	0.83	0.77	-0.58	0.88	0.64		0.92	0.96	0.98
Current Deferred Revenue	0.86	0.37	0.67	0.65	0.92	0.78	-0.37	0.88	0.9	0.92	0.85	0.89	0.94	-0.39	0.89	0.8	0.94	0.81	0.79	-0.48	0.86	0.76	0.92		0.9	0.93
Other Assets	0.84	0.35	0.64	0.62	0.88	0.78	-0.25	0.85	0.88	0.92	0.86	0.89	0.93	-0.34	0.93	0.83	0.9	0.8	0.76	-0.59	0.88	0.69	0.96	0.9		0.95
Good Will	0.91	0.46	0.71	0.69	0.93	0.86	-0.2	0.91	0.89	0.99	0.87	0.92	0.93	-0.29	0.98	0.82	0.93	0.86	0.82	-0.63	0.91	0.71	0.98	0.93	0.95

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Paychex Account Relationship Matchups

Paychex fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	9.2B	9.6B	10.5B	10.4B	11.9B	12.5B
Short Long Term Debt Total	897.1M	881.2M	865.7M	885.5M	1.0B	538.8M
Other Current Liab	4.8B	5.1B	5.6B	5.1B	5.9B	6.1B
Total Current Liabilities	4.9B	5.3B	5.8B	5.3B	6.1B	6.4B
Total Stockholder Equity	2.9B	3.1B	3.5B	3.8B	4.4B	4.6B
Property Plant And Equipment Net	498.8M	480M	457.8M	458.6M	527.4M	553.8M
Net Debt	(98.1M)	511.2M	(356.3M)	(583.4M)	(525.1M)	(498.8M)
Retained Earnings	1.4B	1.7B	2.0B	2.2B	2.5B	2.7B
Cash	995.2M	370M	1.2B	1.5B	1.7B	1.8B
Non Current Assets Total	3.1B	3.1B	3.0B	3.1B	3.6B	3.8B
Non Currrent Assets Other	455.3M	512.5M	535.3M	592.1M	680.9M	715.0M
Cash And Short Term Investments	1.0B	1.2B	1.6B	1.5B	1.7B	1.8B
Net Receivables	1.1B	1.3B	1.4B	1.6B	1.9B	2.0B
Common Stock Shares Outstanding	361M	362.1M	363.1M	362.3M	325.9M	300.6M
Liabilities And Stockholders Equity	9.2B	9.6B	10.5B	10.4B	11.9B	12.5B
Non Current Liabilities Total	1.3B	1.3B	1.2B	1.3B	1.5B	1.5B
Other Current Assets	4.1B	4.0B	4.5B	4.1B	4.7B	5.0B
Other Stockholder Equity	1.4B	1.5B	1.6B	1.7B	2.0B	2.1B
Total Liab	6.3B	6.6B	7.1B	6.6B	7.6B	7.9B
Total Current Assets	6.2B	6.6B	7.5B	7.3B	8.3B	8.8B
Short Term Debt	36.3M	33.8M	30.5M	18.7M	21.5M	20.4M
Accounts Payable	89M	105.7M	84.7M	104.3M	119.9M	125.9M
Property Plant And Equipment Gross	498.8M	480M	457.8M	1.6B	1.8B	1.9B
Accumulated Other Comprehensive Income	51.8M	(133.9M)	(159.9M)	(145.1M)	(130.6M)	(124.1M)
Other Liab	415.1M	448.7M	451.3M	408.3M	469.5M	493.0M
Current Deferred Revenue	37.9M	38.4M	47.3M	50.2M	57.7M	60.6M
Other Assets	397.7M	432M	455.3M	512.5M	589.4M	618.8M
Good Will	1.8B	1.8B	1.8B	1.9B	2.2B	2.3B
Short Term Investments	36.7M	853.9M	373.4M	33.9M	30.5M	29.0M
Inventory	3.9B	3.5B	3.8B	4.2B	4.8B	5.1B
Intangible Assets	275.8M	224.6M	187.4M	194.5M	223.7M	174.1M
Property Plant Equipment	407.4M	498.8M	480M	396.3M	455.7M	324.8M
Net Tangible Assets	659.7M	851.5M	1.0B	1.5B	1.3B	821.8M
Long Term Debt	797.3M	797.7M	798.2M	798.6M	918.4M	964.3M
Retained Earnings Total Equity	1.4B	1.4B	1.7B	2.0B	2.3B	1.3B
Capital Surpluse	1.3B	1.4B	1.5B	1.6B	1.9B	1.1B
Deferred Long Term Liab	240.8M	384.1M	433.3M	112.1M	128.9M	134.3M
Long Term Investments	7.1M	5M	3.8M	3.7M	3.3M	3.2M

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Paychex Tax Provision vs Net Income Analysis

Tax Provision vs Net Income

Tax Provision vs Net Income Correlation Analysis

Correlation Coefficient

Tax Provision

Net Income

Paychex fundamental ratios Correlations

Paychex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Paychex fundamental ratios Accounts

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Total Current Liabilities	+ 1.0	Other Current Liab
Total Liab	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Good Will	+ 0.99	Non Current Assets Total
Total Current Assets	+ 0.99	Total Liab
Total Stockholder Equity	+ 0.98	Total Assets

Short Term Debt	- 0.75	Non Current Liabilities Total
Property Plant And Equipment Gross	- 0.64	Net Debt
Good Will	- 0.63	Short Term Debt
Property Plant And Equipment Gross	- 0.63	Common Stock Shares Outstanding
Short Term Debt	- 0.62	Non Currrent Assets Other
Other Assets	- 0.59	Short Term Debt