Tyler Technologies Inc (TYL)

Payables 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
Payables US$ in thousands 156,817 145,386 150,444 145,168 146,339 132,661 118,534 122,361 104,813 108,121 130,998 128,284 119,988 100,569 106,727 12,386 14,011 11,073 8,640 12,958
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,757,640K ÷ $156,817K
= 11.21

Tyler Technologies Inc's payables turnover ratio has experienced fluctuations over the years. It increased from 69.56 in March 2020 to a peak of 102.48 in June 2020, indicating a significant improvement in the company's ability to manage its payables efficiently. However, the ratio decreased to 63.44 by December 2020, suggesting a potential delay in paying off its obligations.

Subsequently, the payables turnover ratio showed some volatility, with values ranging between 9.67 and 79.49 in the following quarters. The ratios in 2021 and the first half of 2022 remained relatively low, suggesting a longer payment period for the company's liabilities. Notably, there was a slight improvement in the ratio in the third quarter of 2022, reaching 14.31, and a further increase to 15.11 by the end of December 2022.

From March 2023 to December 2024, the payables turnover ratio fluctuated around 11-13, indicating a moderate but consistent performance in managing payables. The figures suggest that Tyler Technologies Inc has been maintaining a relatively stable payables turnover ratio in recent periods, implying a consistent approach to managing its accounts payable and supplier relationships.