Blackbaud Inc (BLKB)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	1,155,500	1,105,430	1,058,100	927,740	913,219
Total assets	US$ in thousands	2,495,720	2,912,280	2,992,700	2,965,360	2,044,730
Total asset turnover		0.46	0.38	0.35	0.31	0.45

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,155,500K ÷ $2,495,720K
= 0.46

The total asset turnover for Blackbaud Inc has shown fluctuations over the years, as per the provided data. In December 31, 2020, the total asset turnover stood at 0.45, indicating that the company generated $0.45 in revenue for every dollar of assets held during that period. However, by December 31, 2021, the total asset turnover decreased to 0.31, suggesting a decline in efficiency in utilizing its assets to generate revenue.

Subsequently, in December 31, 2022, the total asset turnover improved slightly to 0.35, indicating a better utilization of assets compared to the previous year. By December 31, 2023, the total asset turnover further increased to 0.38, signifying a continued improvement in efficiency in generating revenue from its assets.

Finally, in December 31, 2024, the total asset turnover reached 0.46, surpassing the initial value in 2020. This suggests that the company effectively utilized its assets to generate revenue, potentially through increased sales or better asset management strategies. Overall, although there were fluctuations, the trend indicates an improvement in asset utilization efficiency over the years, culminating in a relatively strong total asset turnover ratio by the end of the period analyzed.