Tyler Technologies Inc (TYL)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	1,757,640	1,733,614	1,701,015	1,676,756	1,660,405	1,635,945	1,624,151	1,603,203	1,583,309	1,546,883	1,540,240	1,496,238	1,364,022	1,188,261	1,031,813	903,286	888,812	880,225	885,386	901,334
Inventory	US$ in thousands	—	68,352	—	—	—	60,350	0	—	—	59,096	61,938	63,586	55,513	47,546	-3,959	-4,574	-2,479	29,743	33,343	-3,220
Inventory turnover		—	25.36	—	—	—	27.11	—	—	—	26.18	24.87	23.53	24.57	24.99	—	—	—	29.59	26.55	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,757,640K ÷ $—K
= —

The inventory turnover ratio measures the efficiency with which Tyler Technologies Inc manages its inventory by indicating how many times the company's inventory is sold and replaced over a specific period.

Based on the data provided, Tyler Technologies Inc's inventory turnover has fluctuated over the observed periods. In June 2020, the company achieved a high turnover rate of 26.55, indicating that its inventory was sold and replaced 26.55 times during that quarter. The trend continued positively, reaching a peak of 29.59 in September 2020.

However, the inventory turnover ratio then declined and remained somewhat unstable in subsequent periods. By September 2024, the company's inventory turnover had settled at 25.36. This suggests that Tyler Technologies Inc has maintained a reasonable level of efficiency in managing its inventory turnover, although there could be room for improvement in enhancing inventory management practices to optimize working capital and operational efficiency.