Blackline Inc (BL)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	52,833	-29,391	-115,161	-46,911	-32,535
Total stockholders’ equity	US$ in thousands	260,881	111,868	325,036	422,070	398,613
ROE		20.25%	-26.27%	-35.43%	-11.11%	-8.16%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $52,833K ÷ $260,881K
= 20.25%

Blackline Inc's return on equity (ROE) has exhibited significant fluctuations over the past five years. In 2023, the ROE stood at a healthy 20.25%, reflecting a strong performance in generating profits relative to shareholders' equity. This marks a remarkable improvement from the negative ROE figures in the preceding years, namely -26.27% in 2022, -35.43% in 2021, -11.11% in 2020, and -8.16% in 2019.

The negative ROE figures in the earlier years indicate that the company was facing challenges in generating returns for its shareholders. The substantial improvement in ROE in 2023 suggests that Blackline Inc has made significant strides in enhancing its profitability and efficiency in the most recent period. Monitoring this trend over time will be crucial to assess the company's ability to sustain and improve its returns to shareholders in the future.