Blackbaud Inc (BLKB)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Inventory turnover | — | 1.47 | 1.45 | 0.70 | 0.77 |
| Receivables turnover | 10.49 | 10.02 | 8.89 | 9.57 | 10.13 |
| Payables turnover | 40.52 | 24.25 | 39.14 | 15.38 | 8.78 |
| Working capital turnover | — | — | — | — | — |
The Receivables Turnover ratio for Blackbaud Inc has shown a fluctuating trend over the past five years, indicating the efficiency of the company in collecting outstanding receivables. The ratio increased from 9.54 in 2020 to 10.25 in 2023, suggesting an improvement in the collection process.
The Payables Turnover ratio has also exhibited variability over the same period, with a notable increase from 8.78 in 2019 to 19.94 in 2023. This indicates that the company is taking longer to pay its suppliers, which could potentially be advantageous in terms of cash flow management.
The Inventory Turnover ratio was not provided in the data table, which might suggest that the company may not have significant inventory levels or that this aspect was not a focus of the analysis.
The Working Capital Turnover ratio was also not provided, making it difficult to assess how effectively the company is utilizing its working capital to generate sales revenue.
In summary, the Receivables and Payables Turnover ratios suggest that Blackbaud Inc has been improving its efficiency in managing receivables and payables over the years, which can have implications for the company's liquidity and overall financial performance.
Average number of days
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 248.34 | 252.12 | 519.47 | 475.84 |
| Days of sales outstanding (DSO) | days | 34.79 | 36.44 | 41.07 | 38.13 | 36.02 |
| Number of days of payables | days | 9.01 | 15.05 | 9.33 | 23.74 | 41.59 |
Days of Inventory on Hand (DOH) for Blackbaud Inc is not provided in the table, which would have been a useful indicator to assess the efficiency of inventory management.
Days of Sales Outstanding (DSO) decreased from 40.80 days in 2021 to 35.60 days in 2023, indicating that Blackbaud is collecting its accounts receivable more quickly. A lower DSO suggests that the company is more efficient in converting its sales into cash.
The Number of Days of Payables decreased from 18.17 days in 2021 to 18.30 days in 2023. This indicates that Blackbaud is taking slightly longer to pay its suppliers compared to the previous year. A higher number of days of payables may indicate that the company is utilizing its available cash more effectively or negotiating more favorable credit terms with its suppliers.
Overall, a decrease in DSO and relatively stable Days of Payables suggest an improvement in the working capital management of Blackbaud Inc, as the company is collecting receivables efficiently while managing its payables effectively.
Long-term
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Fixed asset turnover | 10.83 | 9.59 | 8.19 | 8.68 | 25.33 |
| Total asset turnover | 0.37 | 0.34 | 0.31 | 0.45 | 0.45 |
The long-term activity ratios of Blackbaud Inc provide insights into how effectively the company is utilizing its assets to generate revenue over time.
Fixed asset turnover, which measures how efficiently the company generates sales from its fixed assets, has shown a consistent increase from 2019 to 2023. This indicates that Blackbaud Inc is becoming more efficient in utilizing its long-term assets to generate revenue.
Total asset turnover, which evaluates the company's ability to generate sales from all its assets, has fluctuated over the years. The decrease from 2020 to 2021 could indicate potential inefficiencies, but the subsequent increase in 2022 and 2023 suggests improved utilization of total assets to generate revenue.
Overall, the increasing trend in fixed asset turnover and the mixed performance in total asset turnover reflect Blackbaud Inc's efforts to optimize its asset utilization and potentially improve its overall operational efficiency in the long term.