Black Hills Corporation (BKH)

Number of days of payables

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
Payables turnover 1.49 2.01 1.32 1.03 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
Number of days of payables days 244.94 181.89 277.30 352.96 950.22 630.92 681.27 879.17 1,588.45 999.69 1,006.03 957.42 1,235.78 — — — — 423.47 738.86 865.20

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.49
= 244.94

The number of days of payables for Black Hills Corporation has shown fluctuations over the years based on the provided data:

- The number of days of payables increased significantly from 865.20 days as of March 31, 2020, to a peak of 1,588.45 days as of December 31, 2022. This suggests that the company was taking longer to pay its suppliers during this period.

- Subsequently, the number of days of payables decreased to 181.89 days as of September 30, 2024, indicating a significant improvement in the company's ability to manage its payables efficiently.

- The downward trend continued with the number of days of payables further declining to 244.94 days as of December 31, 2024. This reduction may imply that Black Hills Corporation has been able to optimize its payables management practices.

Overall, the company experienced fluctuations in its number of days of payables, with a significant increase followed by a notable decrease in the later period. This trend suggests that Black Hills Corporation may have made adjustments in its payment strategies and vendor relationships over time.