Blackbaud Inc (BLKB)

Total asset 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
Revenue (ttm)	US$ in thousands	1,155,366	1,148,145	1,139,044	1,122,929	1,105,432	1,085,178	1,068,849	1,062,734	1,058,105	1,031,239	1,001,160	965,673	927,740	922,455	906,238	908,789	913,219	908,452	914,571	908,214
Total assets	US$ in thousands	2,495,720	2,600,970	3,042,750	2,549,130	2,912,280	2,603,280	3,093,010	2,639,350	2,992,700	2,626,580	2,825,520	2,628,700	2,965,360	1,654,940	1,903,360	1,684,340	2,044,730	1,651,160	1,896,810	1,670,920
Total asset turnover		0.46	0.44	0.37	0.44	0.38	0.42	0.35	0.40	0.35	0.39	0.35	0.37	0.31	0.56	0.48	0.54	0.45	0.55	0.48	0.54

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,155,366K ÷ $2,495,720K
= 0.46

Blackbaud Inc's total asset turnover ratio has fluctuated over the analyzed period, ranging from a low of 0.31 in December 31, 2021, to a high of 0.56 in September 30, 2021. The total asset turnover measures how efficiently the company generates revenue from its assets, indicating the company's ability to utilize its assets to generate sales.

The company experienced a decreasing trend in total asset turnover from December 31, 2021, to June 30, 2022, reaching a low of 0.35. However, there was a slight improvement in the ratio in the following quarters, with the ratio ranging between 0.37 and 0.46 in the successive periods.

A total asset turnover ratio of less than 1 may suggest that the company is not effectively utilizing its assets to generate sales. Blackbaud Inc's total asset turnover ratios fluctuate around 0.40, indicating that the company generates approximately $0.40 in revenue for every dollar of assets over the analyzed period. Further analysis and comparison to industry benchmarks would provide more insights into the company's asset utilization efficiency.