Tyler Technologies Inc (TYL)
Number of days of payables
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Payables turnover | 11.21 | 11.92 | 11.31 | 11.55 | 11.35 | 12.33 | 13.70 | 13.10 | 15.11 | 14.31 | 11.76 | 11.66 | 11.37 | 11.82 | 9.67 | 72.93 | 63.44 | 79.49 | 102.48 | 69.56 | |
Number of days of payables | days | 32.57 | 30.61 | 32.28 | 31.60 | 32.17 | 29.60 | 26.64 | 27.86 | 24.16 | 25.51 | 31.04 | 31.29 | 32.11 | 30.89 | 37.75 | 5.00 | 5.75 | 4.59 | 3.56 | 5.25 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.21
= 32.57
The number of days of payables for Tyler Technologies Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. Initially, the company's payables were managed efficiently, with a low number of days (ranging from 3.56 to 5.75 days) indicating a quick turnover of payables.
However, there was a significant spike in the number of days of payables in the second quarter of 2021, reaching 37.75 days, and remained elevated around 30 days until the second quarter of 2024.
Since then, there has been a gradual decline in the number of days of payables, suggesting that the company may be improving its payables management efficiency. As of December 31, 2024, the number of days of payables stood at 32.57 days.
Overall, monitoring the number of days of payables is important to assess how efficiently Tyler Technologies Inc is managing its trade payables and its relationships with suppliers. A decreasing trend in this ratio could indicate better cash flow management and stronger negotiating power with suppliers.
Peer comparison
Dec 31, 2024