Declining Stock and Solid Fundamentals: Is The Market Wrong About Paychex, Inc. (NASDAQ:PAYX)? [Yahoo! Finance]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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US:NASDAQ Investor Relations:
investor.paychex.com
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Source: Yahoo! Finance
Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. In this article, we decided to focus on Paychex's ROE. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits. Check out our latest analysis for Paychex How To Calculate Return On Equity? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Paychex is: 46% = US$1.6b ÷ US$3.5b (Based on the trailing twelve months to November 2023). The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.46 in profit. What Is The Relationship Between ROE And Earnings
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PAYX
News
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PAYX
Earnings
- 4/2/24 - Beat
PAYX
Sec Filings
- 4/18/24 - Form 3
- 4/17/24 - Form 4
- 4/16/24 - Form 8-K
- PAYX's page on the SEC website