Blackline Inc (BL)

Short-term

Turnover ratios

Based on the data provided for Blackline Inc's activity ratios, we can make the following analysis:

1. Inventory Turnover: The inventory turnover ratio is not available for any of the years provided, indicating that the company does not have detailed information on how quickly it sells its inventory relative to its cost of goods sold.

2. Receivables Turnover: The receivables turnover ratio is not available for any of the years provided, suggesting that there is insufficient data to assess how effectively the company is collecting its accounts receivable.

3. Payables Turnover: The payables turnover ratio is not available for any of the years provided, indicating a lack of information on how efficiently the company pays its suppliers or vendors.

4. Working Capital Turnover: The working capital turnover ratio for Blackline Inc has been showing an increasing trend over the years, indicating that the company is generating more revenue for each dollar of working capital invested. This improvement suggests a potential increase in operational efficiency and effective utilization of resources.

In conclusion, while information on inventory turnover, receivables turnover, and payables turnover is not available, the trend in the working capital turnover ratio for Blackline Inc indicates a positive development in the company's utilization of working capital in generating revenue.

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Average number of days

Based on the provided data, it appears that Blackline Inc does not have specific information available for the Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables for the years ranging from December 31, 2020, to December 31, 2024.

Without the actual values for these activity ratios, it is challenging to assess Blackline Inc's efficiency in managing its inventory, collecting accounts receivable, and handling payables. These ratios are crucial in evaluating the company's operational efficiency, liquidity, and cash flow management.

For a more in-depth analysis and understanding of Blackline Inc's performance in these areas, it would be essential to have the specific numerical values for the DOH, DSO, and the number of days of payables for the years under consideration.

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Long-term

The fixed asset turnover ratio for Blackline Inc has shown some fluctuation over the years. In 2020, the company had a high fixed asset turnover of 26.57, indicating that its fixed assets generated significant revenue. However, this ratio decreased to 13.06 in 2021, suggesting a lower utilization of fixed assets to generate revenue. Subsequently, in 2022, the ratio improved to 15.15, although it is still below the 2020 level. The data for 2023 and 2024 is not available.

On the other hand, the total asset turnover ratio for Blackline Inc has generally been low, indicating lower efficiency in generating sales from its total assets. In 2020, the ratio was 0.32, showing that the company generated $0.32 in sales for every dollar of total assets. This ratio decreased to 0.23 in 2021, possibly indicating a decrease in sales relative to total assets. There was a slight improvement in 2022, with the ratio rising to 0.27, and further improvement to 0.28 in 2023. The highest total asset turnover ratio was in 2024, at 0.36, indicating an increase in sales generated per dollar of total assets.

Overall, based on the fixed asset turnover ratios, Blackline Inc's efficiency in utilizing fixed assets to generate revenue has been fluctuating. In contrast, the total asset turnover ratios reflect improvements in utilizing total assets to generate sales over the years, with 2024 showing the highest efficiency in this aspect.