Tyler Technologies Inc (TYL)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.21 | 11.35 | 15.11 | 11.37 | 63.44 | |
| Number of days of payables | days | 32.57 | 32.17 | 24.16 | 32.11 | 5.75 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.21
= 32.57
Tyler Technologies Inc's number of days of payables has fluctuated over the past five years. In December 2020, the company had an exceptionally low number of days of payables at 5.75 days, indicating that Tyler Technologies Inc was able to settle its payables quickly. However, this number increased significantly to 32.11 days by December 2021, suggesting a lengthening of the time taken to pay its suppliers.
Subsequently, in December 2022, the number of days of payables decreased to 24.16 days, indicating an improvement in the company's ability to manage its payables. However, by December 2023 and December 2024, the number of days of payables remained relatively stable at 32.17 days and 32.57 days, respectively.
Overall, the trend in Tyler Technologies Inc's number of days of payables shows some variability in the company's payment cycle over the years, with a notable increase in 2021 followed by some moderation in the subsequent years. This metric is important as it reflects the efficiency of the company in managing its accounts payable and can provide insights into the company's liquidity and working capital management.
Peer comparison
Dec 31, 2024