Black Hills Corporation (BKH)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 20.28% | 18.42% | 17.32% | 17.24% | 17.84% | 18.91% | 20.06% | 20.78% | 21.01% | 22.50% | 22.50% | 23.05% | 25.24% | 25.10% | 24.71% | 23.84% | 23.40% | 22.68% | 22.41% | 23.01% |
| Pretax margin | 12.35% | 11.07% | 10.23% | 10.58% | 11.11% | 11.79% | 12.77% | 13.05% | 12.52% | 13.70% | 13.49% | 13.84% | 15.35% | 14.96% | 13.55% | 12.96% | 13.18% | 12.90% | 13.51% | 13.99% |
| Net profit margin | 11.25% | 10.07% | 9.46% | 9.62% | 10.13% | 11.07% | 11.88% | 12.06% | 12.15% | 12.96% | 12.78% | 12.87% | 13.41% | 13.01% | 11.70% | 11.27% | 11.49% | 12.32% | 12.65% | 12.90% |
Black Hills Corporation's profitability ratios exhibit some fluctuations over the past eight quarters.
The gross profit margin has hovered around the range of 50% to 58%, indicating the company's ability to generate profits after accounting for direct production costs. It peaked at 57.84% in Q4 2023, suggesting efficient cost management.
The operating profit margin, which reflects earnings from normal business operations, ranged from 17.32% to 20.78%. While it slightly dipped in Q4 2023 to 20.28%, it remained relatively stable overall.
The pretax margin, measuring profitability before taxes, showed a decreasing trend from Q1 2022 to Q2 2023, with a slight rebound in Q4 2023 at 12.94%. This could be indicative of changes in operating efficiency or cost structure impacting profitability.
Lastly, the net profit margin, representing the portion of revenue that translates to bottom-line profit, fluctuated between 9.46% to 12.06%. It declined in Q4 2023 to 11.25%, potentially indicating increased expenses or changes in revenue streams affecting overall profitability.
In summary, while Black Hills Corporation has maintained decent profitability margins, there are fluctuations that may require further examination to understand the underlying factors influencing the company's overall profitability performance.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 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% | 5.37% | 5.48% | 5.55% | 5.81% |
| Return on assets (ROA) | 2.73% | 2.57% | 2.60% | 2.69% | 2.69% | 2.76% | 2.91% | 2.83% | 2.59% | 2.72% | 2.69% | 2.65% | 2.81% | 2.80% | 2.54% | 2.47% | 2.64% | 2.98% | 3.13% | 3.26% |
| Return on total capital | 6.74% | 6.69% | 6.34% | 6.48% | 6.90% | 6.26% | 6.41% | 6.35% | 5.92% | 6.18% | 6.69% | 6.72% | 7.03% | 7.01% | 6.81% | 7.05% | 7.38% | 7.41% | 7.33% | 7.82% |
| Return on equity (ROE) | 8.15% | 8.05% | 7.86% | 8.23% | 8.63% | 8.91% | 9.23% | 8.98% | 8.49% | 9.00% | 8.84% | 8.79% | 8.89% | 8.72% | 7.76% | 7.48% | 8.44% | 9.30% | 9.58% | 10.06% |
Black Hills Corporation has shown relatively stable profitability ratios over the past eight quarters.
The operating return on assets (Operating ROA) has ranged from 4.69% to 4.91% throughout the periods analyzed. This ratio indicates that the company generates operating income as a percentage of its total assets consistently around 4.75% to 4.90%.
The return on assets (ROA) has also remained relatively stable, ranging from 2.57% to 2.76%. This ratio shows that the company generates net income as a percentage of its total assets consistently around 2.60% to 2.75%.
The return on total capital has varied from 5.76% to 6.21%. This ratio demonstrates how effectively the company utilizes its total capital to generate profits, staying within the range of 5.76% to 6.21%.
Lastly, the return on equity (ROE) has shown some fluctuations, ranging from 7.86% to 9.23%. ROE indicates how effectively the company is generating profits from shareholders' equity, with values ranging from 7.86% to 9.23%.
Overall, Black Hills Corporation has maintained decent profitability levels, with consistent Operating ROA, ROA, and Return on Total Capital, while experiencing some variability in Return on Equity.