Blackbaud Inc (BLKB)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,155,500 | 1,105,430 | 1,058,100 | 927,740 | 913,219 |
| Property, plant and equipment | US$ in thousands | — | — | 107,426 | 165,311 | 105,177 |
| Fixed asset turnover | — | — | 9.85 | 5.61 | 8.68 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,155,500K ÷ $—K
= —
The fixed asset turnover ratio for Blackbaud Inc has shown varying trends over the years. In 2020, the ratio stood at 8.68, indicating that the company generated $8.68 in revenue for every dollar invested in fixed assets during that year.
However, in 2021, the ratio decreased to 5.61, suggesting a decline in the efficiency of utilizing fixed assets to generate revenue. This could be a cause for concern as it indicates a lower level of productivity or inefficient use of fixed assets during the year.
The ratio then saw a significant improvement in 2022, jumping to 9.85, which indicates a substantial increase in revenue generation relative to fixed asset investment. This improvement could signal better operational efficiency, higher sales, or improved asset utilization during the year.
Unfortunately, the data for 2023 and 2024 is not available (denoted by \u2014), making it challenging to assess the company's performance in those years.
Overall, the fluctuating trend in Blackbaud Inc's fixed asset turnover ratio warrants further investigation into the company's operational efficiency, asset management practices, and overall financial performance to understand the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2024