Black Hills (FRA:BHI) ROCE % : 6.66% (As of Dec. 2023)

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What is Black Hills ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Black Hills's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.66%.

Black Hills ROCE % Historical Data

The historical data trend for Black Hills's ROCE % 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.

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Black Hills ROCE % Chart

Black Hills Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.92

5.69

5.46

5.85

5.80

Black Hills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.14	8.56	3.01	4.84	6.66

Black Hills ROCE % Calculation

Black Hills's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	441.627	/	( ( (9079.581 - 1573.365)	+	(8821.907 - 1086.737) )	/ 2 )
	=	441.627	/	( (7506.216	+	7735.17)	/ 2 )
	=	441.627	/	7620.693
	=	5.80 %

Black Hills's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	517.764	/	( ( (9307.154 - 1501.704)	+	(8821.907 - 1086.737) )	/ 2 )
	=	517.764	/	( ( 7805.45	+	7735.17 )	/ 2 )
	=	517.764	/	7770.31
	=	6.66 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Black Hills (FRA:BHI) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Black Hills (FRA:BHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Black Hills Corp (FRA:BHI) » Definitions » ROCE %

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BKH:USA 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.

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