Black Hills Corporation (BKH)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	273,100	262,200	258,400	236,744	227,608
Total assets	US$ in thousands	10,022,600	9,620,400	9,618,200	9,131,900	8,088,790
ROA		2.72%	2.73%	2.69%	2.59%	2.81%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $273,100K ÷ $10,022,600K
= 2.72%

Black Hills Corporation's return on assets (ROA) has remained relatively stable over the period from December 31, 2020, to December 31, 2024. The company's ROA started at 2.81% in 2020, decreased to 2.59% in 2021, and then gradually increased to 2.73% by the end of 2023 before slightly dropping to 2.72% in 2024. This indicates that, on average, the company generated approximately 2.7 cents in profit for every dollar of assets it owned during this period. While the slight fluctuation in ROA may indicate varying levels of profitability, Black Hills Corporation has maintained a consistent performance in utilizing its assets effectively to generate returns.