Blackbaud Inc (BLKB)

Return on assets (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
Net income (ttm)	US$ in thousands	1,820	-24,838	-44,174	-49,701	-45,407	-31,205	-14,698	-4,545	5,698	-866	-2,178	2,914	7,717	22,662	22,352	17,669	11,908	19,918	26,516	25,968
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
ROA		0.06%	-0.95%	-1.43%	-1.88%	-1.52%	-1.19%	-0.52%	-0.17%	0.19%	-0.05%	-0.11%	0.17%	0.38%	1.37%	1.18%	1.06%	0.60%	1.16%	1.41%	1.53%

December 31, 2023 calculation

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

Based on the historical data provided, Blackbaud Inc's return on assets (ROA) has shown some fluctuations over the past eight quarters. In Q4 2023, the ROA was at 0.06%, indicating a slight improvement compared to the negative ROA figures in the preceding quarters.

However, in Q3 2023, Q2 2023, and Q1 2023, the ROA was significantly negative at -0.95%, -1.43%, and -1.88% respectively. These figures suggest that the company's assets were not efficiently utilized to generate profits during those quarters.

Looking back further, in Q4 2022, Q3 2022, Q2 2022, and Q1 2022, the ROA was consistently negative as well, ranging from -0.17% to -1.52%. This consistent trend of negative ROA indicates potential inefficiencies in the company's asset management and operational performance during those quarters.

In conclusion, Blackbaud Inc's ROA has been volatile and predominantly negative over the past eight quarters, suggesting challenges in effectively utilizing its assets to generate profits. The company may need to focus on improving operational efficiency and maximizing asset productivity to enhance its financial performance in the future.