Tyler Technologies Inc (TYL)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 3.64 | 3.11 | 3.16 | 3.01 | 2.92 | |
| DSO | days | 100.33 | 117.31 | 115.65 | 121.22 | 124.97 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.64
= 100.33
The days of sales outstanding (DSO) measure for Tyler Technologies Inc has shown a decreasing trend over the past five years, indicating an improvement in the company's ability to collect outstanding receivables from customers.
As of December 31, 2020, the DSO stood at 124.97 days, which reduced to 121.22 days by December 31, 2021. The trend continued with further declines in subsequent years, reaching 115.65 days by December 31, 2022, 117.31 days by December 31, 2023, and a significant decrease to 100.33 days by December 31, 2024.
The decreasing DSO trend suggests that Tyler Technologies Inc has been successful in managing its accounts receivable more efficiently over the years, potentially leading to improved cash flows and liquidity. This trend indicates that the company is performing well in terms of collecting payments from customers in a timely manner, which is a positive sign for its financial health and operational efficiency.
Peer comparison
Dec 31, 2024