Blackline Inc (BL)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	19,908	28,903	19,466	34,250	28,424	28,348	8,003	-22,610	-44,340	-75,664	-48,294	-45,273	-38,614	-29,618	-37,586	-31,240	-19,872	-17,417	-23,261	-25,913
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
Operating ROA		1.09%	1.71%	1.03%	1.64%	1.35%	1.41%	0.41%	-1.17%	-2.28%	-4.03%	-2.58%	-2.42%	-2.12%	-1.69%	-2.17%	-1.83%	-1.78%	-1.66%	-2.25%	-2.56%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $19,908K ÷ $1,825,040K
= 1.09%

The operating return on assets (Operating ROA) of Blackline Inc has shown a fluctuating trend over the past few years. Starting from negative figures in the range of -2.56% to -2.25% in 2020, the company managed to somewhat improve its performance by achieving a negative ROA of around -1.66% to -1.78% by the end of the year.

However, in the following years, the operating ROA continued to dip, reaching lows of -4.03% in September 2022. The company then showed signs of recovery, with a notable improvement in performance from March 2023 onwards. The operating ROA climbed into positive territory, with percentages ranging from 0.41% to 1.71% by September 2024.

Overall, Blackline Inc faced challenges in generating operating returns on its assets in the initial years of the data provided but managed to turn the trend around and achieve positive operating ROA figures in the more recent quarters. This improvement suggests that the company has taken steps to enhance operational efficiency and profitability.