Blackbaud Inc (BLKB)

Receivables 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
Revenue (ttm)	US$ in thousands	1,068,830	1,046,797	1,032,026	1,030,820	1,029,119	1,010,722	982,508	948,272	912,853	909,423	896,896	904,135	913,219	908,452	914,571	908,214	900,423	883,802	872,214	860,252
Receivables	US$ in thousands	101,862	102,755	168,908	100,253	102,809	86,704	149,237	91,770	102,726	105,873	119,270	83,333	95,404	96,830	129,675	89,191	88,868	90,700	131,277	90,727
Receivables turnover		10.49	10.19	6.11	10.28	10.01	11.66	6.58	10.33	8.89	8.59	7.52	10.85	9.57	9.38	7.05	10.18	10.13	9.74	6.64	9.48

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,068,830K ÷ $101,862K
= 10.49

The receivables turnover ratio for Blackbaud Inc has shown fluctuations over the past eight quarters. In Q4 2023, the receivables turnover was 10.25, indicating that the company collected its accounts receivable approximately 10.25 times during the quarter. This suggests that Blackbaud Inc is efficiently collecting its outstanding receivables.

The receivables turnover ratio was relatively stable in Q3 2023 and Q1 2023, at 9.69 and 9.71 respectively. However, there was a significant decrease in Q2 2023 to 6.01, which may indicate potential issues with collecting receivables efficiently during that period.

Comparing the Q4 data across years, we can see that the receivables turnover in Q4 2023 was slightly lower than in Q4 2022 (9.72), suggesting a minor decline in the efficiency of collecting receivables year over year.

Overall, the trend in Blackbaud Inc's receivables turnover indicates relatively efficient management of accounts receivable, with some variability in performance over the quarters. It is important for the company to closely monitor this ratio to ensure timely collection of outstanding receivables and maintain healthy cash flow levels.