Tyler Technologies Inc (TYL)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,938,000	2,852,850	2,768,250	2,686,130	2,624,390	2,547,300	2,458,330	2,387,730	2,324,030	2,200,770	2,107,990	2,060,990	1,986,110	1,898,140	1,829,330	1,712,830	1,617,060	1,519,600	1,421,630	1,358,740
ROE		5.65%	5.54%	5.94%	5.78%	6.26%	7.38%	7.28%	6.89%	6.95%	7.31%	7.39%	8.94%	9.81%	9.88%	10.31%	9.73%	9.06%	8.64%	9.13%	10.08%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $165,919K ÷ $2,938,000K
= 5.65%

Tyler Technologies, Inc.'s return on equity (ROE) has shown a declining trend over the past four quarters. In Q4 2023, the ROE stood at 5.65%, which is lower compared to the previous quarters. This decrease from the Q3 2023 ROE of 5.54% indicates a slight improvement, but the ROE remains relatively low. Looking further back, there has been a consistent decline since Q3 2022 when the ROE was at its peak of 7.38%. This downward trend in ROE may raise concerns about the company's efficiency in generating profits from its shareholders' equity. Additional analysis combining ROE with other financial metrics would provide a more comprehensive assessment of Tyler Technologies, Inc.'s overall financial performance.