Black Hills Corporation (BKH)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		2.22	1.76	1.52	1.05	0.44	0.43	0.52	0.55	0.34	0.31	0.44	0.61	0.43	-1.83	-1.73	-1.93	-1.70	1.04	0.55	0.62
DOH	days	164.54	207.38	240.85	347.64	820.23	854.96	697.80	659.60	1,062.72	1,192.72	827.98	598.63	856.79	—	—	—	—	352.01	658.38	589.48

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.22
= 164.54

The days of inventory on hand (DOH) for Black Hills Corporation have shown significant fluctuations over the past few years. From March 31, 2020, to June 30, 2020, there was an increase in DOH from 589.48 days to 658.38 days, indicating a higher number of days it would take to clear inventory. However, by September 30, 2020, the DOH dropped to 352.01 days, suggesting improved inventory management.

The data for December 31, 2020, and subsequent dates are missing, making it challenging to assess the trend during that period. By December 31, 2021, the DOH surged to 856.79 days, signifying a potential buildup of inventory levels. Subsequently, the DOH fluctuated, reaching a peak of 1,192.72 days on September 30, 2022, and then decreased gradually until December 31, 2024, where it stood at 164.54 days, indicating better inventory turnover efficiency.

The fluctuations in the DOH may suggest changes in inventory management practices, demand patterns, or production processes within Black Hills Corporation. Further analysis and comparison with industry benchmarks could provide insights into the company's inventory management effectiveness and operational efficiency.