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.