Tyler Technologies Inc (TYL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 24.57 | — | — | |
| DOH | days | — | — | 14.85 | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
To analyze the Days of Inventory on Hand (DOH) for Tyler Technologies, Inc., we need to calculate the ratio using the following formula:
DOH = (Average Inventory / Cost of Goods Sold) x Number of Days in the Period
Without the specific values for Average Inventory and Cost of Goods Sold for each year provided in the table, it is not possible to calculate the DOH ratio. However, DOH is used to measure how many days a company takes to sell its average inventory. A lower DOH is generally more favorable as it indicates faster inventory turnover, which can lead to better liquidity and potentially lower holding costs.
To provide a comprehensive analysis of Tyler Technologies' DOH, we would need access to the actual financial figures for the years indicated in the table to determine trends, compare the company's performance against industry standards, and assess the efficiency of its inventory management over time.
Peer comparison
Dec 31, 2023