Blackline Inc (BL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 653,336 | 589,996 | 522,938 | 425,706 | 351,737 |
| Total assets | US$ in thousands | 1,825,040 | 2,100,760 | 1,943,660 | 1,817,580 | 1,113,500 |
| Total asset turnover | 0.36 | 0.28 | 0.27 | 0.23 | 0.32 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $653,336K ÷ $1,825,040K
= 0.36
The total asset turnover ratio is a financial metric used to assess a company's efficiency in generating sales revenue from its total assets. For Blackline Inc, the total asset turnover has fluctuated over the past five years. In December 2020, the total asset turnover was 0.32, indicating that the company generated $0.32 in sales for every dollar of assets.
However, there was a decrease in efficiency in the following year, where the total asset turnover ratio declined to 0.23. This suggests that Blackline Inc was less effective in utilizing its assets to generate sales revenue in December 2021.
Subsequently, there was a slight improvement in the total asset turnover ratio in December 2022 and December 2023, with ratios of 0.27 and 0.28, respectively. This could indicate enhanced asset utilization efficiency during those periods.
The total asset turnover ratio then experienced a notable increase to 0.36 in December 2024, suggesting that Blackline Inc improved its ability to generate sales from its total assets at a higher rate compared to the previous year.
Overall, fluctuations in the total asset turnover ratio reflect changes in Blackline Inc's efficiency in utilizing its assets to generate sales revenue over the five-year period, with potential implications for operational performance and strategic decision-making.
Peer comparison
Dec 31, 2024