Blackline Inc (BL)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 161,965 | 158,110 | 153,798 | 150,566 | 146,740 | 142,544 | 138,176 | 133,983 | 129,385 | 123,994 | 116,005 | 106,654 | 97,871 | 89,081 | 81,626 | 74,797 | 68,972 | 64,911 | 63,221 | 61,422 |
| Inventory | US$ in thousands | — | — | 0 | 0 | — | — | — | — | 0 | — | 0 | — | — | — | 0 | 0 | — | 117 | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 554.79 | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $161,965K ÷ $—K
= —
The inventory turnover ratio for Blackline Inc for the quarter ending September 30, 2020, was 554.79. This indicates that the company was able to turn over its inventory approximately 554.79 times during that period. A high inventory turnover ratio suggests that the company effectively manages its inventory by quickly selling and replenishing it, which can lead to lower holding costs and better liquidity.
However, it is noted that there is missing data for the subsequent quarters, which limits the ability to perform a trend analysis or make comparisons over time. It is crucial to track inventory turnover consistently across periods to assess the company's inventory management efficiency and its impact on working capital and profitability.
Peer comparison
Dec 31, 2024
Dec 31, 2024