Black Hills Corporation (BKH)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.49 | 0.38 | 0.23 | 0.30 | 0.33 | |
| Number of days of payables | days | 244.94 | 950.22 | 1,588.45 | 1,235.78 | 1,106.76 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.49
= 244.94
The analysis of Black Hills Corporation's number of days of payables depicts fluctuations over the years. The number of days of payables increased from 1,106.76 days as of December 31, 2020, to 1,588.45 days by December 31, 2022, indicating a trend towards longer payment cycles. However, there was a significant decrease in the number of days of payables to 244.94 days by December 31, 2024, suggesting a potential improvement in the company's ability to manage its payables more efficiently. Overall, it is essential for stakeholders to closely monitor these changes to assess Black Hills Corporation's liquidity and working capital management.
Peer comparison
Dec 31, 2024