Modern or more complex devices derive a tempo by averaging incoming MIDI clock signal and use that BPM value to set their internal clock source when syncing to an external clock signal. This way, they can continue to offer a higher resolution than 24 ppqn and continue to offer features such as swing even when they are synced to an external clock signal.
Another advantage of deriving the tempo by averaging the incoming clock signal is that jitter is much less a concern than it is with direct sync.