Blackbaud Inc (BLKB)

Total asset 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
Total assets	US$ in thousands	2,912,280	2,603,280	3,093,010	2,639,350	2,992,700	2,626,580	2,825,520	2,628,700	2,971,620	1,654,940	1,903,360	1,684,340	2,044,730	1,651,160	1,896,810	1,670,920	1,992,960	1,710,010	1,873,960	1,702,410
Total asset turnover		0.37	0.40	0.33	0.39	0.34	0.38	0.35	0.36	0.31	0.55	0.47	0.54	0.45	0.55	0.48	0.54	0.45	0.52	0.47	0.51

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,068,830K ÷ $2,912,280K
= 0.37

Blackbaud Inc's total asset turnover has fluctuated over the past eight quarters, ranging from 0.35 to 0.42. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher ratio suggests that the company is generating more revenue per dollar of assets.

In Q3 2023, the total asset turnover ratio was at its highest point of 0.42, indicating that the company generated $0.42 in revenue for every dollar of assets. This could be a sign of improved efficiency in asset utilization during that period.

However, the ratio decreased in Q4 2023 to 0.38, which may suggest a slight decline in asset efficiency compared to the previous quarter. Despite this decline, the ratio remains relatively stable around the 0.35 to 0.40 range for the most part of the analyzed period.

Overall, the total asset turnover performance of Blackbaud Inc demonstrates the company's varying ability to utilize its assets effectively to generate revenue. It would be beneficial for the company to monitor this ratio closely to ensure optimal asset utilization and revenue generation in the future.