Blackline Inc (BL)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	583,654	567,879	551,446	535,362	517,277	494,103	454,609	414,043	371,779	352,163	343,114	334,191	333,571	318,119	305,795	297,928	285,842	267,900	254,715	240,505
Property, plant and equipment	US$ in thousands	14,867	15,289	17,009	18,956	19,811	20,636	19,804	15,977	16,321	13,167	11,517	12,512	13,239	10,787	12,160	13,155	13,024	12,891	13,762	13,785
Fixed asset turnover		39.26	37.14	32.42	28.24	26.11	23.94	22.96	25.91	22.78	26.75	29.79	26.71	25.20	29.49	25.15	22.65	21.95	20.78	18.51	17.45

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $583,654K ÷ $14,867K
= 39.26

Fixed asset turnover measures how efficiently a company is using its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that a company is generating more revenue from its investment in fixed assets.

Analyzing Blackline Inc's fixed asset turnover over the past two years, we observe a general increasing trend, suggesting improving efficiency in utilizing fixed assets to generate revenue. The ratio has been steadily increasing from 17.45 in March 2019 to 39.26 at the end of December 2023.

The significant increase in the fixed asset turnover ratio may indicate that Blackline Inc has been able to generate more revenue for each dollar invested in fixed assets over time. This improvement could be attributed to various factors such as increased sales, better asset utilization, or more effective management of fixed assets.

It is essential for investors and stakeholders to monitor this ratio over time to ensure that the company continues to efficiently utilize its fixed assets to drive revenue growth and profitability.