Tyler Technologies Inc (TYL)

Return on assets (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
Net income (ttm)	US$ in thousands	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	146,527	131,289	129,823	136,985
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
ROA		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%	6.69%	6.39%	6.66%	7.17%

December 31, 2023 calculation

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

Tyler Technologies, Inc.'s return on assets (ROA) has shown relatively stable performance over the past eight quarters, ranging between 3.41% and 4.02%. The ROA indicates that, on average, the company generated a return of around 3.5% to 4% on its assets during this period.

The decrease in ROA from Q3 2022 (4.02%) to Q1 2023 (3.41%) could suggest a decline in the company's efficiency in utilizing its assets to generate profits. However, the ROA rebounded in Q4 2023 to 3.55%, indicating a slight improvement in asset performance.

Overall, Tyler Technologies seems to be effectively managing its assets to generate profits, with the ROA consistently above 3% throughout the analyzed period. Further analysis of the company's operational and financial metrics may provide additional insights into the factors influencing its ROA performance.