Black Hills Corporation (BKH)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	262,200	254,993	244,583	254,945	258,387	257,069	266,208	257,954	236,744	242,774	234,945	230,750	227,608	219,602	195,059	188,676	199,310	216,702	221,912	229,246
Total assets	US$ in thousands	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	7,558,460	7,274,950	7,081,450	7,037,570
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $262,200K ÷ $9,620,400K
= 2.73%

Black Hills Corporation's return on assets (ROA) has shown a slight fluctuation over the past eight quarters, ranging from 2.57% to 2.91%. The company's ROA peaked in Q3 2022 at 2.91% before experiencing a gradual decrease in subsequent quarters. Despite some variability, the ROA has generally remained within a narrow range, indicating a relatively stable performance in generating profits from its assets. This consistent performance in utilizing its assets efficiently suggests that Black Hills Corporation is effectively managing its resources to generate earnings for its investors.