Tyler Technologies Inc (TYL)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	1,660,410	1,583,310	1,364,020	888,812	880,073
Inventory	US$ in thousands	—	—	55,513	-2,479	-2,328
Inventory turnover		—	—	24.57	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,660,410K ÷ $—K
= —

To calculate Tyler Technologies, Inc.'s inventory turnover for the years provided, we need the values of Cost of Goods Sold (COGS) and Average Inventory. The formula for inventory turnover is:

Inventory Turnover = COGS / Average Inventory

Without the specific values for COGS and Average Inventory for each year, it is not possible to calculate the inventory turnover. However, inventory turnover is a critical metric that indicates how efficiently a company manages its inventory levels. A higher inventory turnover generally signifies that the company is selling goods quickly and effectively utilizing its inventory.

A decreasing inventory turnover over consecutive years may suggest potential issues such as overstocking, obsolete inventory, or declining sales. On the other hand, a consistently low inventory turnover could indicate inefficiencies in inventory management, leading to higher carrying costs and potential write-downs.

Without the specific data for Tyler Technologies, Inc., further analysis and comparisons with industry benchmarks or historical trends are required to assess the company's inventory turnover performance accurately.