Blackbaud Inc (BLKB)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,820	-45,407	5,698	7,717	11,908
Total assets	US$ in thousands	2,912,280	2,992,700	2,971,620	2,044,730	1,992,960
ROA		0.06%	-1.52%	0.19%	0.38%	0.60%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $1,820K ÷ $2,912,280K
= 0.06%

The return on assets (ROA) for Blackbaud Inc has fluctuated over the past five years. In 2023, the company's ROA was 0.06%, indicating that for every dollar of assets, the company generated a return of 0.06 cents. This marks an improvement compared to the negative ROA of -1.52% in 2022, suggesting a more efficient utilization of assets in the most recent year. However, the 2023 ROA is still below the levels observed in 2021 (0.19%), 2020 (0.38%) and 2019 (0.60%), indicating potential room for further optimization of asset utilization to generate higher returns for shareholders. It would be beneficial for stakeholders to closely monitor future ROA trends to assess the company's effectiveness in generating profits from its assets.