Blackline Inc (BL)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 75.99% | 75.89% | 92.18% | 86.04% | 82.07% |
| Operating profit margin | 2.46% | -10.84% | -10.86% | -6.05% | -9.95% |
| Pretax margin | 9.31% | -8.28% | -32.34% | -14.06% | -10.99% |
| Net profit margin | 9.06% | -5.67% | -32.38% | -14.27% | -11.61% |
Blackline Inc's profitability ratios have shown mixed performance over the past five years.
1. Gross profit margin has been generally strong, with a slight fluctuation but remaining above 75% consistently. This indicates that Blackline has been effectively controlling its production costs and generating profits from its core operations.
2. Operating profit margin has improved significantly from negative percentages in 2020 and 2021 to a positive 2.46% in 2023. This suggests that the company has been able to better manage its operating expenses and generate profits before interest and taxes.
3. Pretax margin also shows a notable improvement over the years, recovering from negative figures in 2020 and 2021 to a positive 9.31% in 2023. This indicates that Blackline has been able to increase its profitability before accounting for taxes.
4. Net profit margin has shown a positive trend, moving from negative numbers in 2021 to a positive 9.06% in 2023. This suggests that the company's bottom line profitability has improved significantly.
Overall, Blackline Inc has made improvements in its profitability ratios over the years, indicating better cost management and operational efficiency, leading to increased profitability. However, it is important for the company to sustain and build on these improvements to ensure long-term financial health and growth.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 0.68% | -2.89% | -2.12% | -1.79% | -2.75% |
| Return on assets (ROA) | 2.51% | -1.51% | -6.34% | -4.21% | -3.21% |
| Return on total capital | 4.29% | -2.48% | -3.62% | -2.76% | -2.83% |
| Return on equity (ROE) | 20.25% | -26.27% | -35.43% | -11.11% | -8.16% |
Blackline Inc's profitability ratios have shown a mixed performance over the past five years.
The Operating return on assets (Operating ROA) has improved from negative figures in 2019 and 2020 to a modest 0.68% in 2023, indicating that the company is generating a small profit from its operations relative to its total assets.
Return on assets (ROA) has also shown improvement, moving from negative figures in 2019 and 2020 to 2.51% in 2023. This ratio signifies that the company is generating a positive return on its total assets, reflecting improved efficiency in asset utilization.
Return on total capital has increased steadily over the years, reaching 4.29% in 2023. This metric shows the company's ability to generate profits from both equity and debt funds invested in the business.
Return on equity (ROE) has displayed the most significant improvement, with a notable increase to 20.25% in 2023 from negative figures in the preceding years. This suggests that Blackline Inc is effectively utilizing shareholders' equity to generate profits for its investors.
Overall, Blackline Inc's profitability ratios have shown a positive trend over the years, indicating improved operational efficiency and better utilization of assets and capital to drive profitability.