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

Tyler Technologies (Tyler Technologies) EBIT

: $222 Mil (TTM As of Dec. 2023)
View and export this data going back to 1969. Start your Free Trial

Tyler Technologies's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $48 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $222 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tyler Technologies's annualized ROC % for the quarter that ended in Dec. 2023 was 3.72%. Tyler Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 92.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tyler Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.26%.


Tyler Technologies EBIT Historical Data

The historical data trend for Tyler Technologies's EBIT 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 161.87 [6] => 176.06 [7] => 182.28 [8] => 215.97 [9] => 221.87 )
Tyler Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 161.87 176.06 182.28 215.97 221.87

Tyler Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.72 46.23 62.52 64.72 48.40

Competitive Comparison

For the Software - Application subindustry, Tyler Technologies's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution

For the Software industry and Technology sector, Tyler Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tyler Technologies's EV-to-EBIT falls into.



Tyler Technologies EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $222 Mil.

* 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.


Tyler Technologies  (NYSE:TYL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tyler Technologies's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=190.992 * ( 1 - 12.87% )/( (4437.404 + 4509.853)/ 2 )
=166.4113296/4473.6285
=3.72 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4637.429 - 267.068 - ( 143.109 - max(0, 909.034 - 841.991+143.109))
=4437.404

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4676.663 - 307.363 - ( 175.878 - max(0, 1001.138 - 860.585+175.878))
=4509.853

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Tyler Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=193.6/( ( (208.25 + max(-176.258, 0)) + (208.759 + max(-255.57, 0)) )/ 2 )
=193.6/( ( 208.25 + 208.759 )/ 2 )
=193.6/208.5045
=92.85 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(623.613 + 0 + 67.636) - (267.068 + 600.439 + 1.1368683772162E-13)
=-176.258

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(619.704 + 0 + 65.003) - (307.363 + 632.914 + 1.1368683772162E-13)
=-255.57

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Tyler Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=221.865/17621.679
=1.26 %

* 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.


Tyler Technologies EBIT Related Terms

Thank you for viewing the detailed overview of Tyler Technologies's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Tyler Technologies (Tyler Technologies) Business Description

Traded in Other Exchanges
Address
5101 Tennyson Parkway, Plano, TX, USA, 75024
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

Tyler Technologies (Tyler Technologies) Headlines