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PAYCHEX



Company name in Chinese: / Company name in English: PAYCHEX
Headquarters: New York, United States of America Country: United States of America
Established: 1971 Website: http://www.paychex.com
Main Business: Human Resource Outsourcing Annual revenue of 2013: 2,326 million dollars
Stock Exchange: NASDAQ Stock Market Stock Code: PAYX
About: PAYCHEX (NASDAQ:PAYX) is a provider of payroll, human resource and benefits outsourcing solutions for small to medium-sized businesses. As of May 31, 2009, the Company serviced approximately 554,000 clients. As of May 31, 2009, it serviced approximately 1,600 clients in Germany through its offices. It offers a portfolio of services and products that allow its clients to meet their diverse payroll and human resource needs. These include payroll processing, payroll tax administration services, employee payment services, regulatory compliance services (new-hire reporting and garnishment processing), human resource outsourcing services, retirement services administration, health and benefits services, workers’ compensation insurance services, time and attendance solutions and other human resource services and products. In October 2009, the Company announced the sale of Stromberg, a time and attendance company serving mid- to large-sized businesses, to Kronos Incorporated.

Major financial data in Fiscal 2013(Unit: $ million)

Operating profit Net profit Pre-tax profit Shareholders' equity
905 569 911 1,774
Total assets by the end of 2013 Average total assets Current assets Current liabilities
6,164 6,322 4,833 4,268
Receivable by the end of 2013 Average receivable Total liabilities Interest expense
/ 71 4,390 /

Major financial ratios in Fiscal 2013:

Indicator Ratio Compared with industry average Indicator Ratio Compared with industry average
Revenue growth rate 4.3% Higher Net profit margin 24.5% Higher
Total turnover ratio 0.4 Lower ROE 32.1% Higher
Accounts receivable turnover ratio 32.8 Higher Debt-asset ratio 71.2% Higher
ROA 9.2% Higher Current ratio 1.1 Lower
Operating margin 38.9% Higher Times Interest Earned / /