Black Hills Corporation (BKH)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	3,501,500	3,446,600	3,357,300	3,333,900	3,215,300	3,167,320	3,110,020	3,097,950	2,994,900	2,886,620	2,885,450	2,871,920	2,787,090	2,697,520	2,659,040	2,624,510	2,561,380	2,519,050	2,513,290	2,523,170
ROE		7.80%	7.39%	8.21%	8.28%	8.16%	8.05%	7.87%	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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $273,200K ÷ $3,501,500K
= 7.80%

Return on equity (ROE) is a key financial ratio that measures a company's profitability by evaluating its ability to generate profit from shareholders' equity. The ROE for Black Hills Corporation has fluctuated over the period from March 31, 2020, to December 31, 2024.

The trend in Black Hills Corporation's ROE shows an initial increase from 7.48% in March 2020 to a peak of 9.23% in June 2022. However, after reaching this peak, the ROE has been relatively volatile, with fluctuations between 7.39% and 9.23% until December 2024.

Overall, Black Hills Corporation's ROE performance indicates variability in its ability to generate returns for shareholders during the period under review. It is important for stakeholders to monitor the company's ROE closely to assess its profitability and efficiency in utilizing shareholder equity for generating profits.