Black Hills Corporation (BKH)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	262,200	258,400	236,744	227,608	199,310
Total stockholders’ equity	US$ in thousands	3,215,300	2,994,900	2,787,090	2,561,380	2,362,120
ROE		8.15%	8.63%	8.49%	8.89%	8.44%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $262,200K ÷ $3,215,300K
= 8.15%

Black Hills Corporation's return on equity (ROE) has shown a relatively stable trend over the past five years. The ROE figures for the company were 8.15% in 2023, 8.63% in 2022, 8.49% in 2021, 8.89% in 2020, and 8.44% in 2019.

The company's ROE indicates that for every dollar of shareholders' equity invested, it generated returns ranging from 8.15% to 8.89%, with the highest return achieved in 2020. This suggests that Black Hills Corporation has been effectively utilizing shareholders' equity to generate profits.

Although the ROE figures have fluctuated slightly, the overall trend shows a consistent performance in generating returns for shareholders. It is important for the company to continue monitoring and improving its ROE to ensure sustainable growth and maintain investors' confidence.