Tyler Technologies Inc (TYL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,137,800 | 1,928,120 | 1,821,820 | 1,568,990 | 1,116,660 |
| Total assets | US$ in thousands | 5,180,020 | 4,676,660 | 4,687,420 | 4,732,160 | 2,607,270 |
| Total asset turnover | 0.41 | 0.41 | 0.39 | 0.33 | 0.43 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,137,800K ÷ $5,180,020K
= 0.41
Tyler Technologies Inc's total asset turnover has shown some fluctuations over the past five years. In December 31, 2020, the total asset turnover ratio was 0.43, indicating that the company generated $0.43 in revenue for every dollar of assets it held during that period. However, this ratio decreased to 0.33 by December 31, 2021, suggesting a decline in the company's efficiency in generating revenue from its assets.
There was a slight improvement in the total asset turnover ratio in the subsequent years, reaching 0.39 by December 31, 2022, 0.41 by December 31, 2023, and maintaining the same level of 0.41 by December 31, 2024. This implies that the company was able to enhance its asset utilization efficiency and generate more revenue per dollar of asset investment in those years.
Overall, while there have been fluctuations in Tyler Technologies Inc's total asset turnover ratio in recent years, the company appears to have made some progress in optimizing its asset utilization and revenue generation efficiency. However, it is important for the company to continue monitoring and managing this ratio to ensure continued operational effectiveness and financial performance.
Peer comparison
Dec 31, 2024