Blackline Inc (BL)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 522,540 | 518,359 | 414,126 | 340,756 | 295,143 |
| Inventory | US$ in thousands | — | 0 | — | — | 0 |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $522,540K ÷ $—K
= —
To calculate Blackline Inc's inventory turnover ratio, we need the values of cost of goods sold (COGS) and average inventory for each year. The inventory turnover ratio is calculated as:
Inventory Turnover = COGS / Average Inventory
Unfortunately, without the specific values of COGS and average inventory for the respective years provided in the table, we are unable to determine Blackline Inc's inventory turnover ratio. This ratio is important as it measures how efficiently the company is managing its inventory by showing the number of times inventory is sold and replaced over a period.
A high inventory turnover ratio indicates efficient inventory management, while a low ratio may suggest overstocking or slow sales. Comparing the ratio across multiple years can help identify trends in inventory management and provide insights into the company's operational efficiency.
Peer comparison
Dec 31, 2023