BKH (Black Hills) Change In Receivables: $-2 Mil (TTM As of Jun. 2026)

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BKH Black Hills Corp BKH
76 GF Score
Price $71.69
GF Value $59.67
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Black Hills Change In Receivables?

Black Hills BKH -2.18% 76 Change In Receivables is $-2 Mil as of Jun. 2026. GuruFocus rates BKH with a GF Score™ of 76/100 and a GF Value™ of $59.67 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Black Hills's change in receivables for the quarter that ended in Jun. 2026 was $108 Mil. It means Black Hills's Accounts Receivable declined by $108 Mil from Mar. 2026 to Jun. 2026 .

Black Hills's change in receivables for the fiscal year that ended in Dec. 2025 was $-45 Mil. It means Black Hills's Accounts Receivable increased by $45 Mil from Dec. 2024 to Dec. 2025 .

Black Hills's Accounts Receivable for the quarter that ended in Jun. 2026 was $194 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Black Hills's Days Sales Outstanding for the three months ended in Jun. 2026 was 39.02.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Black Hills's liquidation value for the three months ended in Jun. 2026 was $-6,719 Mil.

Black Hills  (NYSE:BKH) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Black Hills's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=193.6/452.8*91
=39.02

2. In Ben Graham's calculation of liquidation value, Black Hills's accounts receivable are only considered to be worth 75% of book value:

Black Hills's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=71.5-7014.4+0.75 * 193.6+0.5 * 157.9
=-6,719

* 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 Change In Receivables Related Terms

Black Hills Change In Receivables Historical Data

* Premium members only.

The historical data trend for Black Hills's Change In Receivables 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.

Black Hills Change In Receivables Chart

Black Hills Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -43.20 -184.50 204.50 -25.70 -45.00

Black Hills Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Change In Receivables 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 127.40 6.00 -135.80 20.50 107.70
BKH
76GF Score
Black Hills Corp BKH
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Hills Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $-2 Mil mean?
Black Hills (BKH) has a Change In Receivables of $-2 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Black Hills and its competitors.
Is Black Hills' Change In Receivables too high?
Black Hills' current Change In Receivables is $-2 Mil. Overall, Black Hills has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Black Hills' Change In Receivables compare to NJR and OGS?
Black Hills' Change In Receivables of $-2 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for an Utilities - Regulated company?
A good Change In Receivables depends on the Utilities - Regulated industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Black Hills and its competitors. Black Hills's current Change In Receivables is $-2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Hills stock overvalued right now?
Based on GuruFocus' analysis, Black Hills (BKH) is currently considered Modestly Overvalued. The stock's GF Value™ is $59.67, compared to a current price of $71.69 — trading 20.1% above its estimated fair value. The current Change In Receivables is $-2 Mil. Black Hills' overall GF Score™ is 76/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Black Hills (BKH), the current Change In Receivables is $-2 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Black Hills (BKH) Overvalued in 2026?

Based on GuruFocus' analysis, Black Hills stock appears to be overvalued. The current stock price of $71.69 is trading 20.1% above its estimated GF Value™ of $59.67. GuruFocus considers Black Hills to be Modestly Overvalued.

Key valuation signals for BKH:

  • Change In Receivables: $-2 Mil
  • GF Value™: $59.67 vs. price of $71.69 (20.1% above fair value)
  • GF Score™: 76/100 with 10 warning signs

No single metric tells the full story. See the BKH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Black Hills Business Description

Other Exchanges BHI:Germany
Address 7001 Mount Rushmore Road, Rapid City, SD, USA, 57702
Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities and Gas Utilities segment. 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 gas utilities.
76GF Score

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Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$71.69
Price
$59.67
GF Value