Tyler Technologies Inc (TYL)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	218,537	214,249	180,735	172,926	156,367
Total assets	US$ in thousands	4,676,660	4,687,420	4,732,160	2,607,270	2,191,610
Operating ROA		4.67%	4.57%	3.82%	6.63%	7.13%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $218,537K ÷ $4,676,660K
= 4.67%

Operating ROA measures the efficiency with which Tyler Technologies, Inc. is generating operating profits from its total assets. The trend of Tyler Technologies' operating ROA over the past five years shows a fluctuating pattern. The company's operating ROA decreased from 7.13% in 2019 to 6.63% in 2020, indicating a slight decline. However, the following years saw further decreases in operating ROA to 3.82% in 2021 and 4.57% in 2022.

The most recent data for 2023 shows a slight improvement in Tyler Technologies' operating ROA to 4.67%, which indicates a potential rebound in the company's ability to generate operating profits from its assets. Overall, the fluctuating trend in operating ROA suggests some variability in the company's operational efficiency and profitability over the past five years. Additional analysis of the company's operational and financial strategies may be necessary to determine the factors contributing to these fluctuations.