Tyler Technologies Inc (TYL)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	1,928,121	1,895,055	1,870,112	1,834,691	1,821,826	1,806,258	1,796,802	1,725,968	1,569,383	1,424,118	1,255,387	1,134,841	1,116,663	1,122,215	1,111,869	1,115,902	1,086,427	1,039,571	1,000,238	961,174
Receivables	US$ in thousands	619,704	623,613	638,726	508,683	577,257	561,780	597,560	501,200	521,059	538,119	584,156	330,824	382,319	362,667	405,731	318,144	374,089	347,982	381,379	298,980
Receivables turnover		3.11	3.04	2.93	3.61	3.16	3.22	3.01	3.44	3.01	2.65	2.15	3.43	2.92	3.09	2.74	3.51	2.90	2.99	2.62	3.21

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,928,121K ÷ $619,704K
= 3.11

To analyze Tyler Technologies, Inc.'s receivables turnover, we need to interpret the trend and fluctuations in the ratio over the past eight quarters.

The receivables turnover ratio measures how efficiently a company is able to collect outstanding receivables during a specific period. A higher turnover ratio indicates a more efficient collection of receivables, while a lower ratio suggests slower collection.

Looking at the data provided, we observe that Tyler Technologies' receivables turnover ratio has fluctuated over the past eight quarters. In Q4 2023, the ratio stands at 3.15, showing a slight increase from the previous quarter. This suggests that the company collected its outstanding receivables 3.15 times during the quarter.

The overall trend in the receivables turnover ratio for Tyler Technologies appears to be relatively stable, with fluctuations within a certain range. The ratio has varied between 2.98 and 3.67 over the past eight quarters, indicating a consistent performance in collecting receivables efficiently.

It is important to note that a high or increasing receivables turnover ratio is generally a positive sign, as it indicates that the company is effectively managing its accounts receivable and converting them into cash quickly. However, a significant decrease in the ratio could signal potential issues with collecting receivables promptly.

In conclusion, Tyler Technologies, Inc. has demonstrated a consistent performance in managing its receivables turnover over the past eight quarters, with the ratio hovering around 3 times. This suggests that the company has been efficient in collecting outstanding receivables, which is a positive sign for its financial health.