Tyler Technologies Inc (TYL)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	299,526	275,588	256,696	240,535	218,537	211,500	208,478	203,361	214,249	221,590	216,861	198,395	180,735	180,719	174,191	177,241	172,926	170,047	160,444	155,769
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
Operating ROA		5.78%	5.52%	5.33%	5.22%	4.67%	4.56%	4.50%	4.46%	4.57%	4.74%	4.53%	4.20%	3.82%	3.86%	3.75%	5.48%	6.63%	6.82%	6.73%	7.02%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $299,526K ÷ $5,180,020K
= 5.78%

Tyler Technologies Inc's operating return on assets (ROA) has shown a fluctuating trend over the years, ranging from 3.75% to 7.02%. The operating ROA decreased from 7.02% in March 2020 to 3.75% in June 2021, suggesting a decline in profitability relative to its assets. This downward trend continued until December 2021, reaching 3.82%.

However, from the first quarter of 2022 onwards, Tyler Technologies Inc's operating ROA started to improve gradually, with percentages ranging between 4.20% and 5.78% by the end of December 2024. The increasing trend indicates a recovery in the company's ability to generate operating profits relative to its assets.

Overall, the fluctuating nature of Tyler Technologies Inc's operating ROA over the analyzed period suggests varying levels of operational efficiency and profitability compared to its asset base. Investors and stakeholders may need to keep a close eye on the company's operational performance to assess its future financial health and sustainability.