Blackbaud Inc (BLKB)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,155,366	1,148,145	1,139,044	1,122,929	1,105,432	1,085,178	1,068,849	1,062,734	1,058,105	1,031,239	1,001,160	965,673	927,740	922,455	906,238	908,789	913,219	908,452	914,571	908,214
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	104,672	105,309	107,426	109,474	111,865	112,675	165,311	122,998	127,544	105,124	105,177	109,469	36,539	35,661
Fixed asset turnover		—	—	—	—	—	—	10.21	10.09	9.85	9.42	8.95	8.57	5.61	7.50	7.11	8.64	8.68	8.30	25.03	25.47

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,155,366K ÷ $—K
= —

The fixed asset turnover ratio is a financial metric that measures a company's ability to generate revenues from its investment in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that the company is more efficient in using its fixed assets to generate sales.

Looking at the fixed asset turnover trend for Blackbaud Inc, we observe fluctuations in the ratio over the quarterly periods. In March 2020, the fixed asset turnover was at a high of 25.47, indicating a strong revenue generation from fixed assets. However, the ratio gradually declined over the subsequent quarters to reach 5.61 by December 2021, implying a decrease in efficiency in utilizing fixed assets to generate revenue during this period.

Subsequently, we see an improvement in the fixed asset turnover ratio from March 2022 to June 2023, with the ratio increasing to 10.21. This suggests a better utilization of fixed assets to generate sales during this period. However, the data for the latter half of 2023 and the projections for 2024 are missing, making it difficult to assess the current trend in the fixed asset turnover for Blackbaud Inc.

In conclusion, the analysis of Blackbaud Inc's fixed asset turnover highlights fluctuations in efficiency in utilizing fixed assets to generate revenue over the quarters. It is important for the company to maintain a balance in asset utilization to ensure continued profitability and operational efficiency.