Blackbaud Inc (BLKB)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 261.54 | 554.62 | 263.07 | 507.17 | 254.13 | 341.30 | 220.33 | 491.35 | 275.19 | 369.12 | 218.32 | 519.47 | 174.90 | 359.69 | 199.93 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 261.54 | 554.62 | 263.07 | 507.17 | 254.13 | 341.30 | 220.33 | 491.35 | 275.19 | 369.12 | 218.32 | 519.47 | 174.90 | 359.69 | 199.93 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle (CCC) of Blackbaud Inc has varied over the years, indicating fluctuations in the company's efficiency in managing its working capital. The CCC represents the time it takes for a company to convert its investments in inventory and other resources into cash flow from sales.
From March 31, 2020, to December 31, 2021, Blackbaud Inc experienced significant fluctuations in its cash conversion cycle, with highs of 519.47 days and lows of 174.90 days. This suggests that the company may have faced challenges in efficiently managing its inventory, accounts receivable, and accounts payable during this period.
The CCC improved in the following periods, settling at around 250-350 days from March 31, 2022, to June 30, 2023. The sudden drop to 0.00 days in the CCC from December 31, 2023, to December 31, 2024, could indicate a change in the company's operational or financial activities, leading to a more streamlined working capital management process.
Overall, monitoring and effectively managing the cash conversion cycle is crucial for Blackbaud Inc to optimize its liquidity, profitability, and overall financial performance. Periods of high CCC may indicate inefficiencies in working capital management, whereas lower CCC values suggest improved operational efficiency and potential for increased cash flow generation.
Peer comparison
Dec 31, 2024