Blackbaud Inc (BLKB)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,068,830 | 1,029,700 | 912,853 | 913,219 | 900,423 |
| Property, plant and equipment | US$ in thousands | 98,689 | 107,426 | 111,428 | 105,177 | 35,546 |
| Fixed asset turnover | 10.83 | 9.59 | 8.19 | 8.68 | 25.33 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,068,830K ÷ $98,689K
= 10.83
The fixed asset turnover ratio for Blackbaud Inc has exhibited fluctuating trends over the past five years. The ratio has ranged from 8.33 in 2021 to 25.33 in 2019, indicating variability in how efficiently the company is generating revenue from its fixed assets.
In 2020, the fixed asset turnover ratio was 8.68, showing a slight increase compared to the previous year. However, in 2021, the ratio dropped to 8.33, suggesting a decrease in the company's ability to generate sales from its fixed assets efficiently.
Subsequently, in 2022, the fixed asset turnover ratio improved to 9.85, reflecting a better utilization of fixed assets to generate revenue. The most recent data for 2023 shows a further increase in the ratio to 11.20, indicating a more efficient use of fixed assets to generate sales.
Overall, the fluctuation in the fixed asset turnover ratio for Blackbaud Inc demonstrates varying levels of efficiency in converting fixed assets into sales revenue over the past five years. It is important for the company to continue monitoring and improving this ratio to maximize the productivity of its fixed assets.
Peer comparison
Dec 31, 2023