Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $2,608 | $3,215 | $3,903 | $4,198 | $5,860 |
| Liabilities | $1,952 | $2,321 | $2,720 | $2,895 | $4,284 |
| Equity | $656 | $894 | $1,183 | $1,303 | $1,576 |
Balance sheet data in USD (millions)
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Edwyn
Over the past 5 years, Paycom Software, Inc. has shown significant growth in its financial position, as evidenced by the increasing trend in total assets, liabilities, and stockholders' equity. Total assets have more than doubled from 2020 to 2024, indicating strong expansion and investment in the company's operations and resources. This growth is supported by a corresponding increase in total liabilities, which also more than doubled during the same period. The rise in liabilities suggests that the company has been utilizing debt to finance its growth initiatives. Stockholders' equity has also seen a steady increase, reflecting the company's ability to generate profits and retain earnings over the years. The consistent growth in equity indicates that Paycom Software, Inc. has been able to generate sufficient returns to support its operations and expansion plans. The substantial increase in equity from 2020 to 2024 highlights the company's strong financial health and ability to create value for its shareholders. Overall, these financial trends suggest that Paycom Software, Inc. has been actively investing in its future growth and positioning itself well within the competitive technology industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.