Tyler Technologies Inc (TYL)

Days of sales outstanding (DSO)

		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
Receivables turnover		3.63	3.34	2.88	3.64	3.11	3.04	2.93	3.61	3.16	3.22	3.01	3.44	3.01	2.65	2.15	3.43	2.92	3.09	2.74	3.51
DSO	days	100.43	109.15	126.81	100.29	117.31	120.11	124.66	101.20	115.65	113.52	121.39	105.99	121.19	137.92	169.84	106.40	124.97	117.96	133.19	104.06

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.63
= 100.43

Days of Sales Outstanding (DSO) for Tyler Technologies Inc have fluctuated over the years based on the data provided. DSO is a measure of how efficiently a company collects its accounts receivable. A lower DSO indicates that the company is collecting payments from customers faster.

From March 31, 2020, to June 30, 2021, Tyler Technologies experienced an increasing trend in DSO, reaching a peak of 169.84 days in June 2021. This prolonged collection period could suggest potential issues with credit policies or difficulties in collecting payments from customers.

However, from September 2021 onwards, there was a gradual decline in DSO, indicating an improvement in the company's accounts receivable management. By March 31, 2024, the DSO had decreased to 100.29 days, which is a positive sign as Tyler Technologies was collecting payments more efficiently.

Overall, monitoring DSO is crucial for evaluating a company's liquidity and efficiency in managing its accounts receivable. Tyler Technologies' decreasing DSO in recent periods suggests positive developments in its receivables management practices.