Tyler Technologies Inc (TYL)

Total asset 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
Total assets	US$ in thousands	4,676,660	4,637,430	4,635,550	4,555,640	4,687,420	4,675,370	4,787,050	4,723,810	4,732,160	4,682,940	4,641,000	3,231,790	2,607,270	2,492,160	2,382,600	2,219,380	2,191,610	2,055,090	1,949,430	1,909,300
Total asset turnover		0.41	0.41	0.40	0.40	0.39	0.39	0.38	0.37	0.33	0.30	0.27	0.35	0.43	0.45	0.47	0.50	0.50	0.51	0.51	0.50

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,928,121K ÷ $4,676,660K
= 0.41

Tyler Technologies, Inc. has shown a consistent total asset turnover ratio over the past eight quarters, ranging from 0.37 to 0.42. This ratio measures the efficiency of the company in generating revenues from its total assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate revenue.

In the case of Tyler Technologies, the total asset turnover ratio has been relatively stable around 0.4, which suggests that the company is efficiently utilizing its assets to generate revenue. This consistent performance over multiple quarters indicates a strong operational efficiency in managing and utilizing its assets effectively.

However, it is essential to consider industry benchmarks and trends to evaluate the company's performance in comparison to its peers. Looking at the absolute ratio alone may not provide a complete picture of the company's operational efficiency. Further analysis of the company's financial statements and industry comparisons would provide more insights into Tyler Technologies' overall asset management and revenue generation capabilities.