Blackline Inc (BL)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	653,336	589,996	522,938	425,706	351,737
Property, plant and equipment	US$ in thousands	—	—	34,519	32,585	13,239
Fixed asset turnover		—	—	15.15	13.06	26.57

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $653,336K ÷ $—K
= —

The fixed asset turnover ratio for Blackline Inc has shown fluctuations over the years based on the provided data. In December 31, 2020, the ratio stood at an impressive 26.57, indicating that the company generated $26.57 in revenue for every $1 invested in fixed assets during that period.

However, by December 31, 2021, the fixed asset turnover ratio declined significantly to 13.06, suggesting a decrease in efficiency in utilizing fixed assets to generate revenue. This could be due to various factors such as increased investment in fixed assets without a proportional increase in revenue.

In the following year, December 31, 2022, the ratio improved to 15.15, showing some recovery in asset utilization efficiency. This improvement could be attributed to strategic decisions or operational changes that positively impacted the company's revenue generation from fixed assets.

The data for December 31, 2023, and December 31, 2024, is missing (represented by "—"), making it challenging to provide a complete trend analysis. This missing data points to the importance of having complete financial information for a thorough evaluation of the company's performance.

Overall, the analysis of Blackline Inc's fixed asset turnover ratio indicates fluctuations in asset utilization efficiency over the years, with some improvements seen after a decline. Further data and analysis would be needed to assess the underlying reasons for these fluctuations and to make informed judgments about the company's operational efficiency.