Black Hills (Black Hills) Total Inventories : $161 Mil (As of Dec. 2023)

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What is Black Hills Total Inventories?

Black Hills's total inventories for the quarter that ended in Dec. 2023 was $161 Mil. Black Hills's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $164 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Black Hills's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-89.29.

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 Dec. 2023 was 40.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Black Hills's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.28.

Black Hills Total Inventories Historical Data

The historical data trend for Black Hills's Total Inventories 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 Total Inventories Chart

Black Hills Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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117.17

117.40

150.98

207.40

160.90

Black Hills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															207.40	129.96	136.53	168.08	160.90

Black Hills Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Black Hills (NYSE:BKH) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Black Hills's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(86.6	+	0.75 * 198.5	+	0.5 * 160.9	-	6314.6
-	0	-	90.5)	/	68.197
=	-89.29

2. 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 Dec. 2023 is calculated as:

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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	372.625	/	164.4895
	=	2.27

4. 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 Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	164.4895	/	591.732
	=	0.28

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Black Hills Total Inventories Related Terms

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Black Hills (Black Hills) Business Description

Industry

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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