Blackbaud Inc (BLKB)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	967,697	995,455	1,000,296	994,234	984,512	953,168	911,816	869,451	824,846	696,837	607,716	526,480	428,065	425,026	428,138	424,006	418,424	405,183	398,623	392,988
Inventory	US$ in thousands	—	359,596	761,289	364,071	702,240	343,928	449,491	279,594	596,616	330,769	434,567	255,158	609,219	203,660	421,915	232,250	545,485	243,056	354,133	219,396
Inventory turnover		—	2.77	1.31	2.73	1.40	2.77	2.03	3.11	1.38	2.11	1.40	2.06	0.70	2.09	1.01	1.83	0.77	1.67	1.13	1.79

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $967,697K ÷ $—K
= —

I'm sorry, but without the specific values for each quarter's inventory turnover, I am unable to provide a detailed analysis. To calculate the inventory turnover for Blackbaud Inc, you would typically use the formula: Inventory Turnover = Cost of Goods Sold / Average Inventory. I recommend obtaining the precise data for each quarter to perform an accurate analysis.