Blackline Inc (BL)

Payables 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
Cost of revenue (ttm)	US$ in thousands	505,808	391,557	392,410	385,730	376,033	488,489	445,131	424,862	400,493	378,575	371,331	353,083	330,711	314,027	307,891	297,953	284,029	272,431	257,697	249,358
Payables	US$ in thousands	8,623	4,802	7,899	4,573	14,964	5,534	14,521	16,285	7,471	2,175	3,869	3,365	3,150	2,088	6,172	11,357	7,401	1,614	2,963	4,173
Payables turnover		58.66	81.54	49.68	84.35	25.13	88.27	30.65	26.09	53.61	174.06	95.98	104.93	104.99	150.40	49.89	26.24	38.38	168.79	86.97	59.76

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $505,808K ÷ $8,623K
= 58.66

The payables turnover ratio reflects how efficiently a company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance in a given period.

Analyzing Blackline Inc's payables turnover ratio over the past few quarters reveals fluctuations in the efficiency with which the company is managing its payables. The ratio has shown significant variability, with values ranging from as low as 25.13 to as high as 174.06.

A higher payables turnover ratio typically indicates that a company is paying off its suppliers quickly, which can be beneficial for maintaining good relationships with suppliers but may also indicate cash flow challenges. On the other hand, a lower ratio may suggest that the company is taking longer to pay its suppliers, potentially taking advantage of extended payment terms but also potentially straining supplier relations.

Given the fluctuations in Blackline Inc's payables turnover ratio, further investigation into the company's payment practices, supplier relationships, and liquidity position would be warranted to gain a more comprehensive understanding of its financial management strategies.