Blackline Inc (BL)

Return on assets (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
Net income (ttm)	US$ in thousands	161,174	126,826	121,511	75,670	58,110	47,345	16,434	-26,386	-33,086	-81,400	-76,153	-89,628	-115,161	-95,136	-90,010	-72,896	-46,775	-38,976	-39,603	-36,496
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
ROA		8.83%	7.48%	6.43%	3.62%	2.77%	2.35%	0.83%	-1.37%	-1.70%	-4.34%	-4.06%	-4.79%	-6.34%	-5.44%	-5.20%	-4.27%	-4.20%	-3.72%	-3.83%	-3.61%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $161,174K ÷ $1,825,040K
= 8.83%

Blackline Inc's return on assets (ROA) indicates the company's efficiency in generating profit relative to its total assets. The ROA trend over the period reflects fluctuations. Initially, the ROA was in the negative range, indicating a net loss relative to assets. However, there was a gradual improvement in ROA from March 31, 2023, to December 31, 2024, with consistent positive growth. The positive trend signifies that the company was able to enhance its profitability in relation to its asset base during this period. The significant increase in ROA from 0.83% on June 30, 2023, to 8.83% on December 31, 2024, demonstrates a notable improvement in the company's efficiency in utilizing its assets to generate earnings. Overall, the upward trajectory in ROA from 2023 to 2024 suggests improved operational effectiveness and potentially positive prospects for Blackline Inc's financial performance.