Blackline Inc (BL)

Return on total capital

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 40,381 38,863 15,945 43,233 36,341 15,811 2,350 -39,090 -59,288 -68,756 -45,542 -45,309 -39,074 -28,910 -35,294 -25,649 -10,736 -7,199 -12,697 -16,841
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total stockholders’ equity US$ in thousands 446,669 367,911 325,763 279,834 260,881 215,731 176,362 116,992 111,868 77,931 79,183 66,128 325,036 340,740 337,041 339,628 422,070 417,070 409,778 396,189
Return on total capital 9.04% 10.56% 4.89% 15.45% 13.93% 7.33% 1.33% -33.41% -53.00% -88.23% -57.51% -68.52% -12.02% -8.48% -10.47% -7.55% -2.54% -1.73% -3.10% -4.25%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $40,381K ÷ ($—K + $446,669K)
= 9.04%

Blackline Inc's return on total capital has shown a volatile performance over the periods provided. The company started with negative returns, indicating inefficiency in generating profits with the capital employed. However, there has been a gradual improvement in the return on total capital, particularly from March 31, 2023, onwards. The negative returns significantly improved to positive figures in the latter periods, showcasing the company's ability to generate higher profits relative to the total capital invested. The trend of increasing returns suggests that Blackline Inc has been able to enhance its operational efficiency and profitability over time, which is a positive sign for investors and stakeholders.