Blackline Inc (BL)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 18,536 | 14,348 | -37,720 | -38,614 | -15,389 |
| Total assets | US$ in thousands | 1,825,040 | 2,100,760 | 1,943,660 | 1,817,580 | 1,113,500 |
| Operating ROA | 1.02% | 0.68% | -1.94% | -2.12% | -1.38% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $18,536K ÷ $1,825,040K
= 1.02%
Based on the data provided for Blackline Inc's Operating ROA over the years, we observe the following trends:
1. December 31, 2020: The operating ROA was at -1.38%, indicating that the company generated a negative return on its assets from its core operations.
2. December 31, 2021: The operating ROA further decreased to -2.12%, signaling a worsening performance in terms of generating operating income from assets.
3. December 31, 2022: The trend continued with an operating ROA of -1.94%, still below zero and reflecting challenges in efficiently utilizing assets to generate operating profits.
4. December 31, 2023: There was a significant improvement as the operating ROA turned positive at 0.68%, suggesting the company started to generate a modest return on its assets from operations.
5. December 31, 2024: The positive trend continued with the operating ROA increasing to 1.02%, indicating a further enhancement in the company's ability to generate operating income from its assets efficiently.
In summary, Blackline Inc's Operating ROA showed a positive turnaround from negative figures to a positive range in recent years, implying a gradual improvement in the company's operational efficiency and profitability in utilizing its assets. However, it is essential to monitor this metric closely to ensure sustained growth and profitability in the future.
Peer comparison
Dec 31, 2024