Blackbaud Inc (BLKB)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,068,830	1,046,797	1,032,026	1,030,820	1,029,119	1,010,722	982,508	948,272	912,853	909,423	896,896	904,135	913,219	908,452	914,571	908,214	900,423	883,802	872,214	860,252
Property, plant and equipment	US$ in thousands	98,689	100,575	104,672	105,309	107,426	109,474	111,865	112,675	111,428	103,346	104,914	105,124	105,177	109,469	36,539	35,661	35,546	37,285	39,569	38,757
Fixed asset turnover		10.83	10.41	9.86	9.79	9.58	9.23	8.78	8.42	8.19	8.80	8.55	8.60	8.68	8.30	25.03	25.47	25.33	23.70	22.04	22.20

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,068,830K ÷ $98,689K
= 10.83

Blackbaud Inc's fixed asset turnover has shown a consistent upward trend over the past eight quarters. This ratio measures the efficiency with which the company generates revenue from its fixed assets. The increasing trend indicates that Blackbaud Inc has been better utilizing its fixed assets to generate sales.

The fixed asset turnover ratio has steadily improved from 8.57 in Q1 2022 to 11.20 in Q4 2023. This demonstrates that the company has been able to generate more revenue relative to its investment in fixed assets. A high fixed asset turnover ratio is generally a positive indicator, suggesting that Blackbaud Inc is effectively managing its resources and maximizing the productivity of its fixed assets.

Overall, the improving trend in Blackbaud Inc's fixed asset turnover indicates operational efficiency and effective asset management, which is a favorable sign for the company's financial health and performance.