Balance Sheet Data

Paychex, Inc. (PAYX)

$120.47

-2.74 (-2.22%)

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 424.20712.60932.401,031.901,223.901,062.641,149.701,243.881,345.781,456.03
Total Cash (%)
Account Receivables 563.60854.20790.301,053.601,318.201,131.891,224.621,324.941,433.481,550.91
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 74.5075.9079.4089105.70106.44115.16124.59134.80145.84
Accounts Payable (%)
Capital Expenditure -154-123.80-127-114.60-132.60-166.45-180.09-194.84-210.80-228.07
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.