Black Hills Corporation (BKH)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	2,127,700	2,122,332	2,127,832	2,136,532	2,331,332	2,531,039	2,586,551	2,649,446	2,551,816	2,322,885	2,240,863	2,139,240	1,949,102	1,872,981	1,838,981	1,793,323	1,696,941	1,688,208	1,667,166	1,674,140
Total assets	US$ in thousands	10,022,600	9,718,700	10,185,900	9,676,700	9,620,400	9,932,930	9,409,100	9,460,140	9,618,200	9,322,290	9,134,560	9,130,650	9,131,900	8,910,390	8,738,050	8,696,200	8,088,790	7,829,050	7,689,930	7,648,810
Total asset turnover		0.21	0.22	0.21	0.22	0.24	0.25	0.27	0.28	0.27	0.25	0.25	0.23	0.21	0.21	0.21	0.21	0.21	0.22	0.22	0.22

December 31, 2024 calculation

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

The total asset turnover of Black Hills Corporation has shown a fluctuating trend over the reported periods. The ratios range from 0.21 to 0.28, indicating that, on average, the company generates between $0.21 and $0.28 in revenue for every dollar of assets it holds.

The ratio was relatively stable around 0.21 to 0.22 from March 2020 to June 2023. However, there was a significant increase in the ratio in the subsequent periods, reaching a peak of 0.28 in March 2023. This suggests that the company became more efficient in generating revenue from its total assets during that time.

Subsequently, the ratio decreased gradually to 0.21 by December 2024. This decline may indicate a decrease in revenue generation efficiency relative to the size of the company's asset base.

Overall, the total asset turnover ratio for Black Hills Corporation demonstrates variability in how effectively the company utilizes its assets to generate revenue over the reported periods.