Black Hills Corporation (BKH)

Return on assets (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
Net income (ttm)	US$ in thousands	273,200	254,780	275,780	276,080	262,280	255,073	244,646	254,961	258,387	257,069	266,208	257,954	236,744	242,774	234,945	230,750	227,608	219,602	195,059	188,676
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
ROA		2.73%	2.62%	2.71%	2.85%	2.73%	2.57%	2.60%	2.70%	2.69%	2.76%	2.91%	2.83%	2.59%	2.72%	2.69%	2.65%	2.81%	2.80%	2.54%	2.47%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $273,200K ÷ $10,022,600K
= 2.73%

The Return on Assets (ROA) for Black Hills Corporation has shown fluctuations over the specified quarterly periods from March 31, 2020, to December 31, 2024. The ROA ranged between 2.47% and 2.91% during this period.

- The ROA reached its highest point in June 30, 2022, at 2.91%, indicating efficient utilization of assets to generate earnings.
- However, there were fluctuations observed in the ROA figures, with some quarters showing a slight decline in performance.
- The ROA trended slightly downwards towards the end of the period, reaching 2.62% on September 30, 2024, before slightly recovering to 2.73% by December 31, 2024.
- Overall, the average ROA over the period under review was steady, indicating a moderate performance in generating profits relative to the total assets employed by the company.

In conclusion, the ROA analysis suggests that Black Hills Corporation has maintained a reasonable level of efficiency in generating earnings from its assets over the specified period, with some fluctuations in performance.