Blackline Inc (BL)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	260,881	215,731	176,362	116,992	111,868	77,931	79,183	66,128	325,036	340,740	337,041	339,628	422,070	416,934	409,778	396,189	398,613	393,820	324,548	318,036
ROE		20.25%	19.50%	5.74%	-26.83%	-26.27%	-99.71%	-90.20%	-130.37%	-35.43%	-27.92%	-26.75%	-21.50%	-11.11%	-9.38%	-9.66%	-9.24%	-8.16%	-8.00%	-8.34%	-9.51%

December 31, 2023 calculation

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

The return on equity (ROE) of Blackline Inc has shown significant fluctuations over the past five years, ranging from a high of 20.25% in December 2023 to a low of -130.37% in March 2022.

The positive ROE figures in 2023 indicate that the company has been generating profits efficiently relative to its shareholders' equity, with the highest ROE achieved in December 2023. This suggests that Blackline Inc has been successful in generating strong returns for its shareholders during this period.

On the other hand, the negative ROE figures in 2022 and early 2023 are concerning, as they imply that the company's net income was insufficient to cover its shareholders' equity, resulting in a loss. The lowest ROE was recorded in March 2022, indicating a significant underperformance in generating returns for shareholders during that period.

Overall, the variation in Blackline Inc's ROE over the analyzed period indicates fluctuations in the company's profitability and efficiency in utilizing shareholders' equity. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's financial health and performance.