Black Hills Corporation (BKH)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 503,100 | 472,700 | 455,200 | 409,429 | 428,303 |
| Total assets | US$ in thousands | 10,022,600 | 9,620,400 | 9,618,200 | 9,131,900 | 8,088,790 |
| Operating ROA | 5.02% | 4.91% | 4.73% | 4.48% | 5.30% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $503,100K ÷ $10,022,600K
= 5.02%
The operating return on assets (operating ROA) for Black Hills Corporation has shown some fluctuations over the years. In December 31, 2020, the operating ROA was 5.30%, which declined to 4.48% by December 31, 2021. However, there was a slight improvement in the operating ROA to 4.73% by December 31, 2022, followed by a further increase to 4.91% by December 31, 2023. The most recent data point, as of December 31, 2024, shows a slight uptick to 5.02%.
Overall, the trend in the operating ROA indicates some variability in the company's ability to generate operating income from its assets efficiently over the years. It is essential for Black Hills Corporation to carefully manage its asset utilization and operating profitability to maintain or improve its operating ROA in the future.
Peer comparison
Dec 31, 2024