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.