Black Hills (Black Hills) Days Inventory

: 40.28 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Black Hills's Average Total Inventories for the three months ended in Dec. 2023 was $164 Mil. Black Hills's Cost of Goods Sold for the three months ended in Dec. 2023 was $373 Mil. Hence, Black Hills's Days Inventory for the three months ended in Dec. 2023 was 40.28.

The historical rank and industry rank for Black Hills's Days Inventory or its related term are showing as below:

BKH' s Days Inventory Range Over the Past 10 Years
Min: 34.85 Med: 39.14 Max: 43.79
Current: 38.18

During the past 13 years, Black Hills's highest Days Inventory was 43.79. The lowest was 34.85. And the median was 39.14.

BKH's Days Inventory is ranked worse than
69.89% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.67 vs BKH: 38.18

Black Hills's Days Inventory increased from Dec. 2022 (33.76) to Dec. 2023 (40.28). It might indicate that Black Hills's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Black Hills's Inventory Turnover for the three months ended in Dec. 2023 was 2.27.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Black Hills's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.28.

Black Hills Days Inventory Historical Data

The historical data trend for Black Hills's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Black Hills Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

40.11

43.34

39.38

36.76

43.79

Black Hills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																33.76	23.07	45.54	60.95	40.28

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Black Hills's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Black Hills Days Inventory Distribution

For the Utilities - Regulated industry and Utilities sector, Black Hills's Days Inventory distribution charts can be found below:

* The bar in red indicates where Black Hills's Days Inventory falls into.

Black Hills Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Black Hills's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (207.4	+	160.9)	/	2 )	/	1534.9	*	365
=	184.15					/	1534.9	*	365
=	43.79

Black Hills's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (168.079	+	160.9)	/	2 )	/	372.625	*	365 / 4
=	164.4895					/	372.625	*	365 / 4
=	40.28

Black Hills (NYSE:BKH) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Black Hills's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	372.625	/	164.4895
	=	2.27

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Black Hills's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	164.4895	/	591.732
	=	0.28

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Black Hills Days Inventory Related Terms

Thank you for viewing the detailed overview of Black Hills's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Black Hills (Black Hills) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Black Hills Corp (NYSE:BKH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BHI:Germany BHI:Germany

Address

7001 Mount Rushmore Road, Rapid City, SD, USA, 57702

Website

https://www.blackhillscorp.com

Black Hills Corp is a U.S.-based energy company that operates through its regulated Electric Utilities, regulated Gas Utilities, Power Generation and Mining segments. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from electric utilities.

Executives

Richard Kinzley	officer: Sr VP & CFO	PO BOX 1400, RAPID CITY SD 57709
Rebecca B Roberts	director	1000 LOUISIANA, SUITE 5800, HOUSTON TX 77002
Stuart A Wevik	officer: Sr VP - Utility Operations	PO BOX 1400, RAPID CITY SD 57709
Kathleen S Mcallister	director	DEEPWATER HOUSE, KINGSWELLS CAUSEWAY, PRIME FOUR BUSINESS PARK, ABERDEEN, SCOTLAND X0 AB15 8PU
Barry M Granger	director	PO BOX 1400, RAPID CITY SD 57709
Robert P Otto	director	PO BOX 1400, RAPID CITY SD 57709
Mark A Schober	director
Tony A Jensen	director	620 E HEARTSTRONG STREET, SUPERIOR CO 80027
Scott M Prochazka	director	1111 LOUISIANA, HOUSTON TX 77002
Teresa Taylor	director	FIRST INTERSTATE BANCSYSTEM, INC, PO BOX 30918, BILLINGS MT 59116-0918
Michael Madison	director	PO BOX 5000, PINEVILLE LA 71361-5000
John B Vering	director	PO BOX 1400, RAPID CITY SD 57709
Steven Richard Mills	director	C/O ARCHER DANIELS MIDLAND CO, 4666 FARIES PARKWAY, DECATUR IL 62526
Linden R Evans	officer: President and CEO	PO BOX 1400, RAPID CITY SD 57709
David R Emery	director, officer: Executive Chairman	P O BOX 1400, RAPID CITY SD 57709-1400