Black Hills Corporation (BKH)

Number of days of payables

		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
Payables turnover		0.38	0.58	0.54	0.42	0.23	0.37	0.36	0.38	0.30	-1.88	-1.48	-1.24	-1.09	0.86	0.49	0.42	0.29	0.40	0.38	0.32
Number of days of payables	days	950.22	630.92	681.27	879.17	1,588.45	999.69	1,006.03	957.42	1,235.78	—	—	—	—	423.47	738.86	865.20	1,240.97	915.28	967.56	1,132.03

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.38
= 950.22

To analyze Black Hills Corporation's number of days of payables, we can observe a trend in the data over the past eight quarters. The number of days of payables varies, indicating the company's payment practices to its suppliers.

In the most recent quarter, Q4 2023, Black Hills Corporation took approximately 69.22 days to pay its suppliers on average. This is a significant increase from the previous quarter, Q3 2023, where the number of days of payables was 38.15 days, reflecting a longer payment period.

Comparing Q4 2023 to earlier quarters, we see fluctuations in the number of days of payables. Notably, the number of days of payables was highest in Q4 2022 at 91.96 days and has shown a decreasing trend until Q2 2023, where it was around 38.83 days. However, the most recent quarter, Q4 2023, shows an increase compared to the preceding quarters.

Overall, the average number of days of payables provides insight into Black Hills Corporation's payment behavior and management of supplier obligations. It is important to monitor changes in this ratio to assess the company's liquidity, cash flow management, and relationships with its suppliers.