Tyler Technologies Inc (TYL)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	165,919	164,240	161,458	194,820	146,527
Total assets	US$ in thousands	4,676,660	4,687,420	4,732,160	2,607,270	2,191,610
ROA		3.55%	3.50%	3.41%	7.47%	6.69%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $165,919K ÷ $4,676,660K
= 3.55%

Tyler Technologies, Inc.'s return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA percentage decreased slightly from 3.41% in 2021 to 3.50% in 2022 before increasing marginally to 3.55% in 2023. This indicates that the company is generating $3.55 in profit for every $100 of assets in the most recent year.

However, it is worth noting that the ROA was notably higher in 2020 and 2019, standing at 7.47% and 6.69% respectively. These higher percentages suggest that Tyler Technologies was more efficient in utilizing its assets to generate profits in those years compared to the last two years.

Overall, although the recent ROA figures are relatively stable, the decrease in ROA from 2020 to 2023 may indicate a potential slowdown in the company's asset efficiency in generating profits. Further examination of the company's financial performance and operational strategies would be necessary to determine the underlying reasons for these variations.