Blackbaud Inc (BLKB)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	44,705	-28,485	24,906	37,243	27,145
Total assets	US$ in thousands	2,912,280	2,992,700	2,971,620	2,044,730	1,992,960
Operating ROA		1.54%	-0.95%	0.84%	1.82%	1.36%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $44,705K ÷ $2,912,280K
= 1.54%

Blackbaud Inc's operating return on assets (ROA) has varied over the past five years, ranging from a low of -0.95% in 2022 to a high of 1.83% in 2020. The operating ROA improved significantly in 2023 to 1.54%, indicating that the company was able to generate more operating income from its assets compared to the previous year. This improvement suggests that Blackbaud Inc's operational efficiency and asset utilization may have strengthened, leading to higher profitability relative to its asset base. However, the 2023 operating ROA is still below the peak achieved in 2020. It is important for the company to sustain and potentially further enhance this ratio in the future to ensure continued profitability and value creation for its stakeholders.