Blackline Inc (BL)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	653,336	639,606	624,405	608,473	589,996	574,223	557,783	541,686	522,938	498,307	473,441	447,086	425,706	406,090	387,217	368,367	352,109	336,657	321,053	307,445
Property, plant and equipment	US$ in thousands	—	—	—	—	—	35,226	17,009	18,956	34,519	35,901	35,667	15,977	32,585	13,167	19,428	12,512	13,239	10,787	22,468	24,604
Fixed asset turnover		—	—	—	—	—	16.30	32.79	28.58	15.15	13.88	13.27	27.98	13.06	30.84	19.93	29.44	26.60	31.21	14.29	12.50

December 31, 2024 calculation

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

Fixed asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its fixed assets. Blackline Inc's fixed asset turnover has shown fluctuations over the period under review, ranging from a low of 12.50 in March 2020 to a high of 32.79 in June 2023.

The ratio generally trended upwards from 2020 to 2023, indicating that Blackline was able to generate more revenue relative to its investment in fixed assets during this period. However, there was a slight decline in the ratio in the later periods, falling to 16.30 in September 2023.

The significant peak in fixed asset turnover of 32.79 in June 2023 suggests that Blackline efficiently utilized its fixed assets to drive sales during that period. The subsequent decrease in the ratio may indicate a slowdown in revenue generation relative to the level of fixed assets in use.

The ratios for the last few periods, where data is unavailable ("—"), make it challenging to assess the company's current efficiency in utilizing fixed assets to generate sales. Further monitoring and analysis would be necessary to understand any trends or changes in Blackline Inc's fixed asset turnover in the future.