Tyler Technologies (Tyler Technologies) Days Payable

: 47.50 (As of Dec. 2023)

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Tyler Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $140 Mil. Tyler Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $268 Mil. Hence, Tyler Technologies's Days Payable for the three months ended in Dec. 2023 was 47.50.

The historical rank and industry rank for Tyler Technologies's Days Payable or its related term are showing as below:

TYL' s Days Payable Range Over the Past 10 Years
Min: 4.67 Med: 6.71 Max: 42.03
Current: 41.81

During the past 13 years, Tyler Technologies's highest Days Payable was 42.03. The lowest was 4.67. And the median was 6.71.

TYL's Days Payable is ranked worse than
56.12% of 2523 companies
in the Software industry
Industry Median: 51.49 vs TYL: 41.81

Tyler Technologies's Days Payable increased from Dec. 2022 (37.53) to Dec. 2023 (47.50). It may suggest that Tyler Technologies delayed paying its suppliers.

Tyler Technologies Days Payable Historical Data

The historical data trend for Tyler Technologies's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tyler Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

7.01

9.21

27.71

38.47

42.03

Tyler Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																37.53	38.10	39.10	42.52	47.50

Competitive Comparison

For the Software - Application subindustry, Tyler Technologies's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tyler Technologies Days Payable Distribution

For the Software industry and Technology sector, Tyler Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Tyler Technologies's Days Payable falls into.

Tyler Technologies Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Tyler Technologies's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (104.813	+	146.339)	/	2 )	/	1090.652	*	365
=	125.576					/	1090.652	*	365
=	42.03

Tyler Technologies's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (132.661	+	146.339)	/	2 )	/	268.009	*	365 / 4
=	139.5					/	268.009	*	365 / 4
=	47.50

Tyler Technologies Days Payable Related Terms

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Tyler Technologies (Tyler Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tyler Technologies Inc (NYSE:TYL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TYL:Mexico TYP:Germany

Address

5101 Tennyson Parkway, Plano, TX, USA, 75024

Website

https://www.tylertech.com

Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company's three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services.

Executives

Brian K Miller	officer: Vice President Finance	5101 TENNYSON PARKWAY, PLANO TX 75024
Marr John S Jr	officer: Chief Operating Officer	370 US ROUTE 1, PALMOUTH ME 04105
Dustin R Womble	officer: Executive VP	5101 TENNYSON PARKWAY, PLANO TX 75024
Daniel M Pope	director	5101 TENNYSON PARKWAY, PLANO TX 75024
Moore H Lynn Jr	officer: VP and General Counsel	5101 TENNYSON PARKWAY, PLANO TX 75024
Glenn A Carter	director	5101 TENNYSON PARKWAY, PLANO TX 75024
Jeffrey David Puckett	officer: Chief Operating Officer	5101 TENNYSON PARKWAY, PLANO TX 75024
Luther Jr King	director	5949 SHERRY LANE, SUITE 1400, DALLAS TX 75225
Hawkins Ronnie D. Jr.	director	5101 TENNYSON PARKWAY, PLANO TX 75024
Donald R Brattain	director
Brenda A Cline	director	5101 TENNYSON PARKWAY, PLANO TX 75024
Mary L. Landrieu	director	100 CENTURYLINK DRIVE, MONROE LA 71203
Larry D Leinweber	director	NEW WORLD SYSTEMS, INC, 888 WEST BIG BEAVER, SUITE 600, TROY MI 48084
John M Yeaman	director, officer: Chairman	5101 TENNYSON PARKWAY, PLANO TX 75024
Bruce Graham	officer: Executive Vice President	5101 TENNYSON PARKWAY, PLANO TX 75024