Tyler Technologies Inc (TYL)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,135,619 | 2,071,672 | 2,017,211 | 1,974,127 | 1,928,121 | 1,895,055 | 1,870,112 | 1,834,691 | 1,821,826 | 1,806,258 | 1,796,802 | 1,725,968 | 1,569,383 | 1,424,118 | 1,255,387 | 1,134,841 | 1,116,663 | 1,122,215 | 1,111,869 | 1,115,902 |
| Property, plant and equipment | US$ in thousands | 163,775 | 165,272 | 167,635 | 167,121 | 169,720 | 165,737 | 165,721 | 167,683 | 172,786 | 175,196 | 177,907 | 177,508 | 181,193 | 176,745 | 177,712 | 169,295 | 168,004 | 170,833 | 174,967 | 175,460 |
| Fixed asset turnover | 13.04 | 12.53 | 12.03 | 11.81 | 11.36 | 11.43 | 11.28 | 10.94 | 10.54 | 10.31 | 10.10 | 9.72 | 8.66 | 8.06 | 7.06 | 6.70 | 6.65 | 6.57 | 6.35 | 6.36 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,135,619K ÷ $163,775K
= 13.04
Fixed asset turnover is a financial ratio used to measure a company's efficiency in generating revenue from its fixed assets. For Tyler Technologies Inc, the fixed asset turnover has shown a consistent upward trend over the periods presented. Starting at 6.36 in March 2020, the ratio has steadily increased to 13.04 by December 2024.
The increasing trend in fixed asset turnover indicates that Tyler Technologies Inc is becoming more efficient in utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio suggests that the company is generating more sales relative to its investment in fixed assets, which can be a positive sign of operational efficiency and effective asset utilization.
By December 2024, Tyler Technologies Inc achieved a fixed asset turnover ratio of 13.04, indicating that for every dollar invested in fixed assets, the company generated $13.04 in revenue. This trend suggests that Tyler Technologies Inc has been successful in maximizing the productivity and profitability of its fixed assets over the analyzed period.
Peer comparison
Dec 31, 2024