Blackline Inc (BL)

Return on total capital

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	60,181	-37,061	-52,081	-22,898	-22,160
Long-term debt	US$ in thousands	1,140,610	1,384,310	1,114,240	407,032	384,343
Total stockholders’ equity	US$ in thousands	260,881	111,868	325,036	422,070	398,613
Return on total capital		4.29%	-2.48%	-3.62%	-2.76%	-2.83%

December 31, 2023 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $60,181K ÷ ($1,140,610K + $260,881K)
= 4.29%

Based on the data provided for Blackline Inc's return on total capital over the past five years, the company has experienced fluctuations in
in its return on straddling negative and positive territory. In 2023, Blackline Inc achieved a return on total capital of 4.29%, indicating a moderate
return on the capital invested in the business. This represents an improvement compared to the negative returns recorded in the preceding
years, such as -2.48% in 2022, -3
.62% in 2021, -2.76% in 2020, and -2.83% in 2019. These negative returns suggest that the company may have faced challenges
generating profits relative to the total capital employed in those years. The positive return in 2023 may indicate improved operational
efficiency or strategic initiatives that have positively impacted the company's profitability. However, further analysis of the data and factors
influencing the returns on total capital over the years would be necessary to provide a comprehensive understanding of Blackline Inc's financial
performance.