Black Hills Corporation (BKH)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,127,700	2,331,300	2,551,800	1,949,100	1,696,940
Total assets	US$ in thousands	10,022,600	9,620,400	9,618,200	9,131,900	8,088,790
Total asset turnover		0.21	0.24	0.27	0.21	0.21

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,127,700K ÷ $10,022,600K
= 0.21

Black Hills Corporation's total asset turnover ratio has shown fluctuations over the years. The ratio was 0.21 at the end of 2020, 0.21 at the end of 2021, increased to 0.27 at the end of 2022, dropped to 0.24 at the end of 2023, and then returned to 0.21 at the end of 2024. This indicates that the company generates revenue in relation to its total assets at varying levels each year. A higher total asset turnover ratio generally indicates that the company is effectively utilizing its assets to generate revenue. Further analysis of the company's operations and asset management practices would be necessary to understand the factors driving these fluctuations in the ratio.