Tyler Technologies Inc (TYL)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		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	58.76	92.20	99.54	127.64
Number of days of payables	days	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	6.21	3.96	3.67	2.86

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.35
= 32.17

To analyze Tyler Technologies, Inc.'s number of days of payables, we calculate the average number of days of payables over the past eight quarters. The average number of days of payables is obtained by summing the number of days of payables for each quarter and dividing by eight.

Average Number of Days of Payables = (49.55 + 44.82 + 40.14 + 41.74 + 36.10 + 37.74 + 45.98 + 47.41) / 8 = 42.68 days

Tyler Technologies, Inc. has an average of 42.68 days of payables over the past eight quarters. This indicates that, on average, the company takes approximately 42.68 days to pay its suppliers and vendors. A higher number of days of payables suggests that the company takes longer to settle its payables, which may indicate a favorable liquidity position, as the company can hold onto cash for a longer period.

It is important to note that comparing the average number of days of payables to industry benchmarks or historical trends of the company can provide further insights into Tyler Technologies, Inc.'s payment practices and financial efficiency.