Tyler Technologies Inc (TYL)
Total asset 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 |
| Total assets | US$ in thousands | 5,180,020 | 4,996,510 | 4,819,480 | 4,608,760 | 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 |
| Total asset turnover | 0.41 | 0.41 | 0.42 | 0.43 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,135,619K ÷ $5,180,020K
= 0.41
Total asset turnover is a key efficiency ratio that measures a company's ability to generate revenue from its assets. For Tyler Technologies Inc, the total asset turnover has shown consistent fluctuations over the past few years.
From March 31, 2020, to December 31, 2023, the total asset turnover decreased gradually from 0.50 to 0.41. This decline indicates that Tyler Technologies Inc became less efficient in generating revenue from its total assets during this period.
However, from March 31, 2024, the total asset turnover started to slightly increase, reaching 0.42 by June 30, 2024. This improvement suggests that the company may have been able to enhance its operational efficiency and generate more revenue relative to its total asset base.
Overall, the trend in total asset turnover for Tyler Technologies Inc shows a period of decline followed by a slight recovery in recent quarters. It will be essential for the company to continue monitoring and managing its asset utilization effectively to ensure optimal performance and profitability in the future.
Peer comparison
Dec 31, 2024