Blackline Inc (BL)

Total asset 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
Total assets US$ in thousands 2,100,760 2,016,140 1,975,370 1,932,650 1,943,660 1,877,660 1,873,570 1,870,230 1,817,580 1,750,390 1,732,070 1,708,800 1,113,500 1,046,760 1,033,250 1,011,370 1,014,550 975,639 523,502 504,953
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

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $583,654K ÷ $2,100,760K
= 0.28

The total asset turnover ratio of Blackline Inc has been relatively stable around 0.20 to 0.30 for the past five years. This indicates that the company generates approximately 20 to 30 cents in revenue for every dollar of assets it holds. The slight increase in total asset turnover from 0.27 in December 2019 to 0.28 in December 2023 suggests a modest improvement in the company's efficiency in utilizing its assets to generate sales. Overall, Blackline Inc's total asset turnover ratio demonstrates consistent operational efficiency in generating revenue relative to its asset base over the past five years.