Tyler Technologies Inc (TYL)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | 25.36 | — | — | — | 27.11 | — | — | — | 26.18 | 24.87 | 23.53 | 24.57 | 24.99 | — | — | — | 29.59 | 26.55 | — | |
| DOH | days | — | 14.39 | — | — | — | 13.46 | — | — | — | 13.94 | 14.68 | 15.51 | 14.85 | 14.60 | — | — | — | 12.33 | 13.75 | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) ratio of Tyler Technologies Inc indicates the average number of days it takes for the company to sell its inventory. Looking at the historical trend from June 30, 2020, to September 30, 2024, we observe fluctuations in the DOH metric:
- June 30, 2020: 13.75 days
- September 30, 2020: 12.33 days
- September 30, 2021: 14.60 days
- December 31, 2021: 14.85 days
- March 31, 2022: 15.51 days
- June 30, 2022: 14.68 days
- September 30, 2022: 13.94 days
- September 30, 2023: 13.46 days
- September 30, 2024: 14.39 days
The trend in DOH suggests that Tyler Technologies managed its inventory efficiently initially but saw an increase in the number of days it took to sell inventory by March 31, 2022. However, the company improved its inventory turnover efficiency by September 30, 2023, but saw a slight increase by September 30, 2024.
Overall, Tyler Technologies should continue to monitor and manage its inventory levels effectively to ensure optimal turnover and efficient use of resources.
Peer comparison
Dec 31, 2024