Black Hills (FRA:BHI) Inventory Turnover : 3.09 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Black Hills Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Black Hills's Cost of Goods Sold for the three months ended in Mar. 2024 was €414 Mil. Black Hills's Average Total Inventories for the quarter that ended in Mar. 2024 was €134 Mil. Black Hills's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.09.

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 three months ended in Mar. 2024 was 29.49.

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 quarter that ended in Mar. 2024 was 0.20.

Black Hills Inventory Turnover Historical Data

The historical data trend for Black Hills's Inventory Turnover 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 Inventory Turnover Chart

Black Hills Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

9.21

8.04

9.57

10.20

8.20

Black Hills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.93	1.99	1.51	2.24	3.09

Black Hills Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1407.503	/ (	(195.786	+	147.545)	/	2 )
=	1407.503	/	171.6655
=	8.20

Black Hills's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	414.184	/ (	(147.545	+	120.152)	/	2 )
=	414.184	/	133.8485
=	3.09

Black Hills (FRA:BHI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	133.8485	/	414.184	*	365 / 4
	=	29.49

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	133.8485	/	668.288
	=	0.20

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Black Hills Inventory Turnover Related Terms

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

Black Hills (FRA:BHI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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.

Black Hills (FRA:BHI) Headlines

No Headlines