Blackbaud Inc (BLKB)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 516,292 | 505,327 | 505,389 | 443,195 | 428,065 |
| Inventory | US$ in thousands | — | -16,198 | 702,240 | 596,616 | 609,219 |
| Inventory turnover | — | — | 0.72 | 0.74 | 0.70 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $516,292K ÷ $—K
= —
The inventory turnover for Blackbaud Inc has shown a slight improvement from 0.70 in December 31, 2020, to 0.74 in December 31, 2021, and then a slight decrease to 0.72 in December 31, 2022. However, the data indicates that inventory turnover ratios for December 31, 2023 and December 31, 2024 are not available.
A low inventory turnover ratio can suggest inefficiency in managing inventory or potential overstocking, which may tie up capital and lead to increased holding costs. It is important for Blackbaud Inc to monitor and improve their inventory turnover to ensure optimal utilization of resources and ultimately enhance profitability. Additional data for the missing years could provide further insights into the company's inventory management efficiency over time.
Peer comparison
Dec 31, 2024