Blackbaud Inc (BLKB)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	518,098	516,848	511,097	506,970	502,972	501,836	501,007	505,139	505,389	493,965	480,709	463,172	443,195	438,712	429,716	426,585	428,065	425,026	428,138	424,006
Inventory	US$ in thousands	—	—	-7,362	-16,293	-16,198	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
Inventory turnover		—	—	—	—	—	1.40	0.66	1.39	0.72	1.44	1.07	1.66	0.74	1.33	0.99	1.67	0.70	2.09	1.01	1.83

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $518,098K ÷ $—K
= —

The inventory turnover ratio measures how efficiently a company manages its inventory by indicating the number of times inventory is sold and replaced during a specific period. A higher turnover ratio generally signifies a more efficient use of inventory.

Analyzing the inventory turnover data of Blackbaud Inc from March 31, 2020, to September 30, 2023, we observe fluctuations in the ratio over the periods. The average inventory turnover during this time frame is approximately 1.31.

Specifically, the highest inventory turnover was observed on September 30, 2020, at 2.09, indicating that the company's inventory was sold and replaced more than twice during that quarter, reflecting efficient inventory management. Conversely, the lowest turnover ratio of 0.66 was recorded on June 30, 2023, suggesting slower inventory movement during that period.

Overall, a fluctuating inventory turnover ratio for Blackbaud Inc implies varying levels of efficiency in managing its inventory over the analyzed period. Further analysis, in conjunction with other financial and operational metrics, may provide a deeper understanding of the company's inventory management practices and overall performance.