Blackbaud Inc (BLKB)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	808,705	800,171	761,370	719,733	744,032	732,812	720,474	705,050	717,060	396,837	405,274	416,160	426,150	441,835	410,802	380,393	396,764	381,457	372,702	365,748
ROE		0.23%	-3.10%	-5.80%	-6.91%	-6.10%	-4.26%	-2.04%	-0.64%	0.79%	-0.22%	-0.54%	0.70%	1.81%	5.13%	5.44%	4.64%	3.00%	5.22%	7.11%	7.10%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,820K ÷ $808,705K
= 0.23%

The return on equity (ROE) for Blackbaud Inc has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROE stood at 0.23%, showing a slight positive return, which is an improvement compared to the negative ROE figures recorded in the previous three quarters. The company experienced a significant decline in ROE in Q3 2023, reaching -3.10%, and further deterioration in Q2 2023 at -5.80% and Q1 2023 at -6.91%.

Comparing the recent ROE figures to the same period in the previous year, there has been a gradual improvement considering that in Q4 2022, the ROE was -6.10%, indicating a better performance in the most recent quarter. Similarly, throughout 2022, the ROE figures were negative, with the highest being -2.04% in Q3 2022.

Overall, Blackbaud Inc has experienced a challenging period with negative ROE figures for most of the analyzed quarters, although there seems to be a slight improvement based on the latest data. It is important for investors to monitor future ROE trends to assess the company's ability to generate profits from shareholders' equity effectively.