Blackbaud Inc (BLKB)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	44,705	-3,157	-32,213	-32,453	-28,485	-19,564	-706	12,283	24,906	30,683	28,924	35,463	37,243	41,679	39,475	33,384	27,145	38,238	46,138	44,021
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
Operating ROA		1.54%	-0.12%	-1.04%	-1.23%	-0.95%	-0.74%	-0.02%	0.47%	0.84%	1.85%	1.52%	2.11%	1.82%	2.52%	2.08%	2.00%	1.36%	2.24%	2.46%	2.59%

December 31, 2023 calculation

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

Blackbaud Inc's operating return on assets (operating ROA) has shown fluctuating trends over the past eight quarters. In Q4 2023, the operating ROA stood at 1.54%, representing a significant improvement compared to the negative values reported in the previous quarters. This indicates that the company has been able to generate higher operating income relative to its assets in the most recent period.

The negative operating ROA values recorded in Q1 to Q3 of 2023 and in Q4 of 2022 suggest that Blackbaud Inc may have struggled to efficiently utilize its assets to generate operating profits during those periods. The lowest point was seen in Q1 2023 at -1.23%, indicating a particularly challenging quarter for the company in terms of profitability from its operations.

On the positive side, the company saw a slight improvement in its operating ROA in Q2 2022 and Q1 2022, with values of -0.02% and 0.48% respectively. While these values are still on the lower end, they indicate a better performance compared to some of the more negative values reported in other quarters.

Overall, Blackbaud Inc's operating ROA has been volatile, with significant fluctuations observed in recent quarters. It is important for the company to focus on optimizing its asset utilization to achieve consistent and sustainable profitability from its operations in the future.