Blackline Inc (BL)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 583,245 | 518,558 | 355,637 | 328,649 | 280,261 |
| Total assets | US$ in thousands | 2,100,760 | 1,943,660 | 1,817,580 | 1,113,500 | 1,014,550 |
| Total asset turnover | 0.28 | 0.27 | 0.20 | 0.30 | 0.28 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $583,245K ÷ $2,100,760K
= 0.28
The total asset turnover of Blackline Inc has shown fluctuations over the past five years. The metric indicates how efficiently the company generates revenue from its total assets. In 2023, the total asset turnover was 0.28, slightly higher than the previous year's ratio of 0.27.
The increase in total asset turnover from 2021 to 2023 suggests that Blackline Inc has become more efficient in utilizing its assets to generate revenue. However, the ratio is still relatively low, indicating that there may be room for improvement in asset utilization efficiency.
In 2020, the total asset turnover was at its peak of 0.30, showing that the company was generating more revenue per dollar of assets at that time. The decrease in 2021 followed by an increase in subsequent years may reflect changes in the company's asset base or operational efficiency.
Overall, Blackline Inc should continue to monitor and possibly enhance its asset turnover to ensure optimal utilization of its assets and maximize revenue generation.
Peer comparison
Dec 31, 2023