Blackline Inc (BL)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	52,833	42,068	10,126	-31,388	-29,391	-77,705	-71,427	-86,208	-115,161	-95,136	-90,146	-73,032	-46,911	-39,112	-39,567	-36,597	-32,535	-31,492	-27,052	-30,243
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
ROA		2.51%	2.09%	0.51%	-1.62%	-1.51%	-4.14%	-3.81%	-4.61%	-6.34%	-5.44%	-5.20%	-4.27%	-4.21%	-3.74%	-3.83%	-3.62%	-3.21%	-3.23%	-5.17%	-5.99%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $52,833K ÷ $2,100,760K
= 2.51%

Blackline Inc's return on assets (ROA) has shown fluctuations over the past five years. The ROA was negative in the first quarter of 2019 and remained negative until the first quarter of 2022. It gradually improved and turned positive in the second quarter of 2022. From the second quarter of 2022 to the end of 2023, the ROA fluctuated, with the highest ROA of 2.51% in December 2023. Overall, the company has shown a mixed performance in generating profits from its assets over the period under review.