Black Hills Corporation (BKH)

Working capital turnover

Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 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
Revenue (ttm) US$ in thousands 2,309,900 2,271,500 2,242,900 2,206,500 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
Total current assets US$ in thousands 995,900 667,600 608,400 708,100 742,300 599,500 1,173,600 797,600 826,600 1,240,270 802,328 918,318 1,071,700 849,248 760,427 849,308 808,133 627,726 571,739 578,615
Total current liabilities US$ in thousands 740,000 734,600 953,900 928,900 763,400 536,200 1,106,800 1,088,400 1,185,100 1,602,670 977,860 1,038,910 1,666,700 969,597 785,180 794,724 901,713 758,117 1,230,530 1,229,600
Working capital turnover 9.03 33.53 31.85 39.19

December 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,309,900K ÷ ($995,900K – $740,000K)
= 9.03