Paychex Inc (PAYX) — Capital Reinvestment Ratio
Paychex Inc (PAYX) has a Capital Reinvestment Ratio of 0.11x as of May 2026, meaning it reinvests 0% of its operating cash flow ($580.90 Million) in capital expenditures ($65.90 Million). Check PAYX intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Paychex Inc Capital Reinvestment Ratio (1990–2026)
This chart tracks Paychex Inc's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see PAYX cash generation efficiency.
Annual Capital Reinvestment Ratio for Paychex Inc (1990–2026)
Year-by-year Capital Reinvestment Ratio for Paychex Inc from 1990 to 2026. See PAYX cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.09x | $2.56 Billion | $234.90 Million | ▼ -6.5% |
| 2025 | 0.10x | $1.95 Billion | $191.80 Million | ▲ +15.6% |
| 2024 | 0.09x | $1.90 Billion | $161.40 Million | ▲ +1.1% |
| 2023 | 0.08x | $1.70 Billion | $143.00 Million | ▼ -4.5% |
| 2022 | 0.09x | $1.51 Billion | $132.60 Million | ▼ -3.1% |
| 2021 | 0.09x | $1.26 Billion | $114.60 Million | ▲ +3.2% |
| 2020 | 0.09x | $1.44 Billion | $127.00 Million | ▼ -9.5% |
| 2019 | 0.10x | $1.27 Billion | $123.80 Million | ▼ -19.3% |
| 2018 | 0.12x | $1.28 Billion | $154.00 Million | ▲ +22.9% |
| 2017 | 0.10x | $960.40 Million | $94.30 Million | ▲ +2.3% |
| 2016 | 0.10x | $1.02 Billion | $97.70 Million | ▼ -16.4% |
| 2015 | 0.11x | $895.20 Million | $102.80 Million | ▲ +20.3% |
| 2014 | 0.10x | $880.90 Million | $84.10 Million | ▼ -34.7% |
| 2013 | 0.15x | $675.30 Million | $98.70 Million | ▲ +15.3% |
| 2012 | 0.13x | $706.60 Million | $89.60 Million | ▼ -12.2% |
| 2011 | 0.14x | $715.30 Million | $103.30 Million | ▲ +44.0% |
| 2010 | 0.10x | $610.92 Million | $61.26 Million | ▲ +6.7% |
| 2009 | 0.09x | $688.77 Million | $64.71 Million | ▼ -17.3% |
| 2008 | 0.11x | $724.67 Million | $82.29 Million | ▼ -9.3% |
| 2007 | 0.13x | $631.23 Million | $79.02 Million | ▼ -12.2% |
| 2006 | 0.14x | $569.23 Million | $81.14 Million | ▼ -5.7% |
| 2005 | 0.15x | $467.86 Million | $70.69 Million | ▲ +16.6% |
| 2004 | 0.13x | $390.09 Million | $50.56 Million | ▼ -19.6% |
| 2003 | 0.16x | $373.71 Million | $60.21 Million | ▼ -10.0% |
| 2002 | 0.18x | $303.82 Million | $54.38 Million | ▲ +20.6% |
| 2001 | 0.15x | $304.94 Million | $45.25 Million | ▲ +12.4% |
| 2000 | 0.13x | $249.03 Million | $32.89 Million | ▲ +4.0% |
| 1999 | 0.13x | $174.10 Million | $22.10 Million | ▼ -38.4% |
| 1998 | 0.21x | $136.80 Million | $28.20 Million | ▲ +16.6% |
| 1997 | 0.18x | $101.80 Million | $18.00 Million | ▼ -37.7% |
| 1996 | 0.28x | $59.90 Million | $17.00 Million | ▲ +11.0% |
| 1995 | 0.26x | $48.10 Million | $12.30 Million | ▼ -22.6% |
| 1994 | 0.33x | $34.20 Million | $11.30 Million | ▲ +11.7% |
| 1993 | 0.30x | $29.40 Million | $8.70 Million | ▼ -46.8% |
| 1992 | 0.56x | $24.10 Million | $13.40 Million | ▼ -49.8% |
| 1991 | 1.11x | $15.70 Million | $17.40 Million | ▲ +4.4% |
| 1990 | 1.06x | $14.50 Million | $15.40 Million | — |