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Black Hills (Black Hills) EBIT : $482 Mil (TTM As of Dec. 2023)


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What is Black Hills EBIT?

Black Hills's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $141 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $482 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Black Hills's annualized ROC % for the quarter that ended in Dec. 2023 was 4.97%. Black Hills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Black Hills's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.01%.


Black Hills EBIT Historical Data

The historical data trend for Black Hills's EBIT 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 EBIT Chart

Black Hills Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 382.19 420.61 412.50 458.60 481.60

Black Hills Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 129.52 176.12 63.72 100.60 141.16

Competitive Comparison of Black Hills's EBIT

For the Utilities - Regulated Gas subindustry, Black Hills's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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's EV-to-EBIT Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Black Hills's EV-to-EBIT falls into.



Black Hills EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $482 Mil.

* 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.


Black Hills  (NYSE:BKH) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

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

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=546.12 * ( 1 - 10.38% )/( (10036.555 + 9650)/ 2 )
=489.432744/9843.2775
=4.97 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9932.928 - 258.771 - ( 594.289 - max(0, 1602.672 - 1240.274+594.289))
=10036.555

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

2. Joel Greenblatt's definition of Return on Capital:

Black Hills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=564.628/( ( (7012.348 + max(85.905, 0)) + (7119.3 + max(-15.4, 0)) )/ 2 )
=564.628/( ( 7098.253 + 7119.3 )/ 2 )
=564.628/7108.7765
=7.94 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(164.171 + 168.079 + 231.327) - (258.771 + 57.1 + 161.801)
=85.905

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(198.5 + 160.9 + 210.3) - (328.9 + 76 + 180.2)
=-15.4

When net working capital is negative, 0 is used.

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

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Black Hills's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=481.6/8017.601
=6.01 %

* 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.


Black Hills EBIT Related Terms

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Black Hills (Black Hills) Business Description

Traded in Other Exchanges
Address
7001 Mount Rushmore Road, Rapid City, SD, USA, 57702
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