Black Hills Corporation (BKH)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	503,000	476,230	498,230	491,130	472,730	466,223	447,902	456,791	455,244	439,196	449,590	444,467	409,429	421,405	413,766	413,433	428,303	423,711	412,028	399,096
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
Operating ROA		5.02%	4.90%	4.89%	5.08%	4.91%	4.69%	4.76%	4.83%	4.73%	4.71%	4.92%	4.87%	4.48%	4.73%	4.74%	4.75%	5.30%	5.41%	5.36%	5.22%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $503,000K ÷ $10,022,600K
= 5.02%

Black Hills Corporation's operating return on assets (operating ROA) has shown some fluctuations over the periods provided. The trend indicates that the company's ability to generate profit from its assets has been relatively stable, with operating ROA ranging from 4.48% to 5.41% during the specified periods.

Overall, the operating ROA has been in the range of 4.48% to 5.41%, demonstrating the company's efficiency in utilizing its assets to generate operating income. While there have been minor fluctuations in the operating ROA, Black Hills Corporation has maintained a reasonable level of profitability relative to its asset base.

It is important for the company to monitor and analyze the factors influencing these variations to ensure sustained profitability and efficiency in asset utilization. Further analysis of the components contributing to the operating ROA can provide insights into areas for improvement or optimization within the business operations of Black Hills Corporation.