Tyler Technologies Inc (TYL)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	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	156,367	150,137	147,669	148,145
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
Operating ROA		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%	7.13%	7.31%	7.57%	7.76%

December 31, 2023 calculation

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

Tyler Technologies, Inc. has exhibited consistent performance in terms of operating return on assets (operating ROA) based on the data provided. The operating ROA remained relatively stable over the past eight quarters, ranging from 4.20% in Q1 2022 to 4.67% in Q4 2023.

The company's ability to generate operating profits from its assets has been commendable, with the operating ROA consistently above 4%. This indicates that Tyler Technologies efficiently utilizes its assets to generate operating income.

The slight fluctuations in operating ROA over the quarters may be attributed to various factors such as changes in operating expenses, revenue growth, or asset utilization efficiency. Overall, Tyler Technologies' operating ROA trend suggests a strong operational performance and effective asset management strategies.