Blackline Inc (BL)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,683.99 | — | — | — | — | — | — |
| Receivables turnover | 3.40 | 4.35 | 4.25 | 4.45 | 3.43 | 4.54 | 3.77 | 3.52 | 2.97 | 3.35 | 3.40 | 3.74 | 3.00 | 3.46 | 3.12 | 3.28 | 2.76 | 3.27 | 3.19 | 3.21 |
| 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 |
| Working capital turnover | 0.76 | 0.80 | 0.59 | 0.61 | 0.59 | 0.57 | 0.54 | 0.50 | 0.36 | 0.34 | 0.33 | 0.33 | 0.77 | 0.58 | 0.57 | 0.57 | 0.55 | 0.52 | 4.17 | 4.24 |
The activity ratios of Blackline Inc provide insights into the efficiency of the company's operations in managing its inventory, receivables, payables, and working capital turnover.
1. Inventory Turnover: The inventory turnover ratio for Blackline Inc is not provided for the most recent periods, indicating a lack of data to analyze this particular aspect of the company's operations. However, in the earlier periods, the inventory turnover was exceptionally high at 2,683.99 times, which suggests that the company was very efficient in selling through its inventory.
2. Receivables Turnover: The receivables turnover ratio fluctuated over the periods, ranging from 2.76 to 4.54. A higher turnover ratio indicates that the company is collecting its accounts receivables more frequently, reflecting efficient management of credit sales and collection processes.
3. Payables Turnover: The payables turnover ratio also varied significantly, with values ranging from 25.13 to 174.06. A high turnover ratio indicates that the company is paying its suppliers more frequently, potentially taking advantage of credit terms and managing its cash flow effectively.
4. Working Capital Turnover: The working capital turnover ratio shows how efficiently the company is using its working capital to generate sales. The turnover ratio ranged from 0.33 to 4.24, indicating fluctuations in the efficiency of working capital utilization over the periods.
Overall, the analysis of Blackline Inc's activity ratios suggests that the company has demonstrated varying levels of efficiency in managing its inventory, receivables, payables, and working capital turnover over the periods under review. The company's ability to maintain or improve these ratios can impact its overall financial performance and sustainability.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.14 | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 107.32 | 83.86 | 85.91 | 82.10 | 106.45 | 80.37 | 96.93 | 103.63 | 122.85 | 108.87 | 107.35 | 97.67 | 121.75 | 105.37 | 117.12 | 111.30 | 132.37 | 111.62 | 114.53 | 113.75 |
| Number of days of payables | days | 6.22 | 4.48 | 7.35 | 4.33 | 14.52 | 4.14 | 11.91 | 13.99 | 6.81 | 2.10 | 3.80 | 3.48 | 3.48 | 2.43 | 7.32 | 13.91 | 9.51 | 2.16 | 4.20 | 6.11 |
Blackline Inc's Days of Inventory on Hand (DOH) ratio was not available in the provided data, indicating a lack of information on the average number of days it takes for the company to sell its inventory.
The Days of Sales Outstanding (DSO) ratio for Blackline Inc fluctuated significantly over the periods analyzed, ranging from a low of 80.37 days to a high of 132.37 days. This ratio measures the average number of days it takes for the company to collect its accounts receivable. Generally, a lower DSO is preferable as it signifies faster collection of receivables.
The Number of Days of Payables ratio, showing the average number of days it takes for the company to pay its suppliers, also varied notably across the periods. The company's payment cycles ranged from as low as 2.10 days to as high as 14.52 days. A higher number of days of payables indicates that the company is taking a longer time to settle its payables, potentially benefiting from extended payment terms.
Overall, Blackline Inc should aim to streamline its collection processes to reduce DSO and optimize its payment cycles to maintain healthy working capital management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 0.28 | 0.28 | 0.28 | 0.28 | 0.27 | 0.26 | 0.24 | 0.22 | 0.20 | 0.20 | 0.20 | 0.20 | 0.30 | 0.30 | 0.30 | 0.29 | 0.28 | 0.27 | 0.49 | 0.48 |
Blackline Inc's long-term activity ratios provide insight into the efficiency of the company in managing its fixed and total assets.
The fixed asset turnover ratio indicates how well the company is generating revenue from its fixed assets. Over the periods analyzed, the fixed asset turnover ratio has been consistently high, indicating that Blackline Inc is efficiently utilizing its fixed assets to generate revenue. The ratio has shown an increasing trend over the periods, reaching a peak of 39.26 at the end of December 2023, which suggests that the company is becoming more efficient in generating sales from its fixed assets.
On the other hand, the total asset turnover ratio measures how effectively the company is generating revenue from all its assets. The total asset turnover ratio has remained relatively stable over the periods, hovering around 0.28 on average. This stability may indicate that Blackline Inc's utilization of all its assets to generate revenue has been consistent over time.
Overall, the consistently high fixed asset turnover ratio and the stable total asset turnover ratio suggest that Blackline Inc is effectively managing and utilizing its assets to generate sales, which is a positive sign for the company's operational efficiency.