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.