Black Hills Corporation (BKH)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,331,300	2,551,800	1,949,100	1,696,940	1,734,900
Total current assets	US$ in thousands	826,600	1,071,700	808,133	493,291	473,184
Total current liabilities	US$ in thousands	1,185,100	1,666,700	901,713	696,533	811,294
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,331,300K ÷ ($826,600K – $1,185,100K)
= —

To calculate Black Hills Corporation's working capital turnover, we need to use the formula:

Working Capital Turnover = Revenue / Average Working Capital

Unfortunately, the provided table does not include the necessary information to calculate the working capital turnover for Black Hills Corporation. We would require data on the company's revenue and working capital figures for each of the years listed to compute this ratio.

Working capital turnover is a measure of how efficiently a company is utilizing its working capital to generate revenue. A higher turnover ratio typically indicates better efficiency in managing working capital. Without the specific data for Black Hills Corporation, a detailed analysis of its working capital turnover cannot be provided.