Blackline Inc (BL)

Receivables 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
Revenue (ttm)	US$ in thousands	583,654	567,879	551,446	535,362	517,277	494,103	454,609	414,043	371,779	352,163	343,114	334,191	333,571	318,119	305,795	297,928	285,842	267,900	254,715	240,505
Receivables	US$ in thousands	171,608	130,477	129,798	120,419	150,858	108,792	120,721	117,554	125,130	105,042	100,909	89,423	111,270	91,839	98,124	90,846	103,662	81,926	79,924	74,952
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $583,654K ÷ $171,608K
= 3.40

The receivables turnover ratio for Blackline Inc has fluctuated over the past several quarters, ranging from a low of 2.76 to a high of 4.54. This ratio indicates the company's ability to efficiently collect its accounts receivable during a specific period.

The trend in the receivables turnover ratio shows some variability, with periods of improvement followed by slight declines. Generally, a higher turnover ratio is preferred as it suggests that the company is collecting its outstanding receivables more frequently, which can improve cash flow and liquidity.

It is important for Blackline Inc to maintain a consistent and healthy receivables turnover ratio over time to ensure that its accounts receivable management process remains effective. Management should continue to monitor and analyze this ratio to identify any potential issues in collecting outstanding receivables and take appropriate actions to address them.