BlackLine's Total Assets for the quarter that ended in Dec. 2023 was $2,100.8 Mil.
Warning Sign:
If a company builds assets at 21.8% a year, faster than its revenue growth rate of 15.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, BlackLine's average Total Assets Growth Rate was 3.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.80% per year.
During the past 10 years, BlackLine's highest 3-Year average Total Assets Growth Rate was 28.80%. The lowest was 8.90%. And the median was 16.20%.
Total Assets is connected with ROA %. BlackLine's annualizedROA % for the quarter that ended in Dec. 2023 was 4.29%. Total Assets is also linked to Revenue through Asset Turnover. BlackLine's Asset Turnover for the quarter that ended in Dec. 2023 was 0.08.
BlackLine Total Assets Historical Data
The historical data trend for BlackLine's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
BlackLine's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
BlackLine's Asset Turnover for the quarter that ended in Dec. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
BlackLine Total Assets Related Terms
Thank you for viewing the detailed overview of BlackLine's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their financial close process including account reconciliations, variance analysis of account balances, journal entry capabilities, and certain types of data matching capabilities. The majority of the revenue of the company is earned in the United States.
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