Black Hills Corporation (BKH)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,259,700	2,459,251	2,515,076	2,577,490	2,480,583	2,254,592	2,173,476	2,073,248	1,884,784	2,140,383	2,036,358	1,991,463	1,895,985	1,574,460	1,625,681	1,633,894	1,695,253	1,718,795	1,716,307	2,054,385
Revenue (ttm)	US$ in thousands	2,331,300	2,531,007	2,586,493	2,649,405	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	1,734,900	1,758,442	1,754,873	1,776,689
Gross profit margin		96.93%	97.16%	97.24%	97.29%	97.21%	97.06%	96.99%	96.92%	96.70%	114.28%	110.73%	111.05%	111.73%	93.26%	97.51%	97.60%	97.71%	97.75%	97.80%	115.63%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,259,700K ÷ $2,331,300K
= 96.93%

The gross profit margin of Black Hills Corporation has shown some fluctuations over the past eight quarters, ranging from 50.18% to 57.84%. The trend indicates a general stability in profitability, with some variations likely due to changes in factors such as the cost of goods sold or pricing strategies. The highest gross profit margin of 57.84% was recorded in Q4 2023, while the lowest was 50.18% in Q1 2023. On average, the company has maintained a gross profit margin above 50%, reflecting a healthy level of profitability in its operations. Monitoring this metric over time can provide insights into the company's ability to generate profits from its core business activities.