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Tyler Technologies Inc (NYSE:TYL)
Days Payable
5.06 (As of Sep. 2015)

Tyler Technologies Inc's payable for the three months ended in Sep. 2015 was $4.4 Mil. Tyler Technologies Inc's cost of goods sold for the three months ended in Sep. 2015 was $79.0 Mil. Hence, Tyler Technologies Inc's days payable for the three months ended in Sep. 2015 was 5.06.

TYL' s Days Payable Range Over the Past 10 Years
Min: 4.14   Max: 15.34
Current: 5.42

4.14
15.34

During the past 13 years, Tyler Technologies Inc's highest Days Payable was 15.34. The lowest was 4.14. And the median was 6.58.

TYL's Days Payable is ranked lower than
93% of the 1290 Companies
in the Global Software - Application industry.

( Industry Median: 44.10 vs. TYL: 5.42 )

Tyler Technologies Inc's days payable increased from Sep. 2014 (4.64) to Sep. 2015 (5.06). It may suggest that Tyler Technologies Inc delayed paying its suppliers.


Definition

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

Tyler Technologies Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4.119/259.73*365
=5.79

Tyler Technologies Inc's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4.385/79.012*365 / 4
=5.06

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Tyler Technologies Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 11.1515.348.966.158.605.987.005.914.145.79

Tyler Technologies Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysPayable 6.1511.073.993.913.584.645.616.905.135.06
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