Tyler Technologies Inc (TYL)

Receivables 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
Revenue (ttm)	US$ in thousands	2,135,619	2,071,672	2,017,211	1,974,127	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
Receivables	US$ in thousands	587,634	619,508	700,825	542,441	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
Receivables turnover		3.63	3.34	2.88	3.64	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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,135,619K ÷ $587,634K
= 3.63

The receivables turnover ratio for Tyler Technologies Inc has fluctuated over the period provided, ranging from a low of 2.15 in June 30, 2021, to a high of 3.64 in March 31, 2024. This ratio indicates how efficiently the company is collecting its accounts receivable during a specific period, with higher values generally being more favorable.

A lower receivables turnover ratio may suggest that the company is taking longer to collect payments from its customers, potentially indicating issues with credit policies, customer payment behaviors, or collection processes. Conversely, a higher ratio typically implies that the company is collecting receivables more quickly, which can be indicative of effective credit management and strong customer relationships.

It is worth noting that a single ratio may not provide a comprehensive view of the company's overall financial health, as it should be evaluated in conjunction with other financial metrics and industry benchmarks for a more in-depth analysis of Tyler Technologies Inc's performance in managing its accounts receivable.