Tyler Technologies Inc (TYL)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,757,640 | 1,660,410 | 1,583,310 | 1,364,020 | 888,812 |
| Inventory | US$ in thousands | — | — | — | 55,513 | -2,479 |
| Inventory turnover | — | — | — | 24.57 | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,757,640K ÷ $—K
= —
Based on the provided data, Tyler Technologies Inc's inventory turnover for December 31, 2021, was 24.57. This ratio indicates that the company's inventory was sold and replaced nearly 25 times during the year. A high inventory turnover ratio like this suggests that Tyler Technologies efficiently manages its inventory, swiftly converting it into sales.
However, the absence of inventory turnover figures for the other years (2020, 2022, 2023, and 2024) could imply various scenarios. It could suggest that the company faced challenges in reporting inventory turnover for those periods, or it could indicate fluctuations in the company's inventory management practices during those years.
Overall, the inventory turnover ratio of 24.57 for December 31, 2021, reflects Tyler Technologies' effectiveness in managing its inventory levels and generating sales from its inventory assets. This high turnover rate implies strong sales performance and efficient inventory management practices within the organization.
Peer comparison
Dec 31, 2024