Tyler Technologies Inc (TYL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 263,026 | 236,708 | 207,822 | 189,214 | 165,919 | 158,093 | 164,315 | 155,131 | 164,240 | 187,945 | 178,882 | 164,466 | 161,458 | 160,770 | 155,884 | 184,246 | 194,820 | 187,516 | 188,622 | 166,729 |
| 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 |
| ROA | 5.08% | 4.74% | 4.31% | 4.11% | 3.55% | 3.41% | 3.54% | 3.41% | 3.50% | 4.02% | 3.74% | 3.48% | 3.41% | 3.43% | 3.36% | 5.70% | 7.47% | 7.52% | 7.92% | 7.51% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $263,026K ÷ $5,180,020K
= 5.08%
Tyler Technologies Inc's return on assets (ROA) has experienced fluctuations over the past few years, starting at 7.51% as of March 31, 2020, and peaking at 7.92% by June 30, 2020. However, the ROA declined gradually, reaching a low of 3.36% by June 30, 2021.
There was a slight increase in ROA in the following quarters, but it remained relatively low around the range of 3.41% to 3.74% until June 30, 2022. Subsequently, there was a noticeable improvement, with the ROA climbing to 5.08% by December 31, 2024.
Overall, the trend in Tyler Technologies Inc's ROA indicates some volatility, with periods of both decline and recovery. It is essential for the company to continue monitoring and improving its asset efficiency to enhance profitability and shareholder value.
Peer comparison
Dec 31, 2024