Blackline Inc (BL)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	653,336	639,606	624,405	608,473	589,996	574,223	557,783	541,686	522,938	498,307	473,441	447,086	425,706	406,090	387,217	368,367	352,109	336,657	321,053	307,445
Total assets	US$ in thousands	1,825,040	1,695,160	1,890,680	2,088,880	2,100,760	2,016,140	1,975,370	1,932,650	1,943,660	1,877,660	1,873,570	1,871,550	1,817,580	1,750,390	1,732,070	1,708,800	1,113,500	1,046,740	1,033,250	1,011,370
Total asset turnover		0.36	0.38	0.33	0.29	0.28	0.28	0.28	0.28	0.27	0.27	0.25	0.24	0.23	0.23	0.22	0.22	0.32	0.32	0.31	0.30

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $653,336K ÷ $1,825,040K
= 0.36

Based on the data provided, Blackline Inc's total asset turnover has shown a gradual increase over the years, indicating the company's ability to generate sales relative to its total assets. The total asset turnover ratio has ranged between 0.22 to 0.38 from March 31, 2020, to December 31, 2024.

The ratio increased from 0.30 in March 2020 to 0.38 in September 2024, signifying efficient asset utilization to generate revenue. However, there was a slight decline in the ratio to 0.36 by December 31, 2024.

The improvement in total asset turnover suggests that Blackline Inc has been effectively managing its assets to drive sales growth during the period under review. This indicates the company's operational efficiency and the potential for generating higher returns on its investments.