Blackbaud Inc (BLKB)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	1,020,470	1,032,120	863,744	428,065	418,424
Inventory	US$ in thousands	—	702,240	596,616	609,219	545,485
Inventory turnover		—	1.47	1.45	0.70	0.77

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,020,470K ÷ $—K
= —

To calculate the inventory turnover ratio for Blackbaud Inc, we need two key pieces of information: cost of goods sold (COGS) and average inventory. Unfortunately, the provided table does not include the necessary data for each year.

Inventory turnover ratio is a measure of how efficiently a company manages its inventory. A higher ratio indicates that the company is selling goods quickly and not holding onto excess inventory, which can be an indicator of effective inventory management.

Without the specific figures for COGS and inventory, we are unable to calculate the inventory turnover ratio for Blackbaud Inc. It is essential for investors and analysts to have access to this information for a comprehensive understanding of the company's operational efficiency and inventory management practices.