Black Total Current Assets vs Net Receivables Analysis
BKH Stock | USD 53.86 0.34 0.63% |
Black Hills financial indicator trend analysis is way more than just evaluating Black Hills prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Black Hills is a good investment. Please check the relationship between Black Hills Total Current Assets and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Hills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.
Total Current Assets vs Net Receivables
Total Current Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Black Hills Total Current Assets account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Black Hills' Total Current Assets and Net Receivables is 0.74. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Black Hills, assuming nothing else is changed. The correlation between historical values of Black Hills' Total Current Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Black Hills are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Assets i.e., Black Hills' Total Current Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Net Receivables
Most indicators from Black Hills' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Black Hills current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Hills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.The Black Hills' current Enterprise Value is estimated to increase to about 3.7 B, while Selling General Administrative is projected to decrease to under 73.7 M.
2021 | 2022 | 2023 | 2024 (projected) | EBITDA | 410.9M | 457M | 736.7M | 773.5M | EBIT | 174.9M | 206.1M | 479.9M | 503.9M |
Black Hills fundamental ratios Correlations
Click cells to compare fundamentals
Black Hills Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Black Hills fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 60.8M | 62.4M | 63.3M | 65.0M | 67.1M | 38.9M | |
Total Assets | 7.6B | 8.1B | 9.1B | 9.6B | 9.6B | 10.1B | |
Short Long Term Debt Total | 3.5B | 3.8B | 4.5B | 4.7B | 4.4B | 4.6B | |
Other Current Liab | 207.8M | 218.5M | 215.0M | 248.4M | 322.7M | 338.8M | |
Total Current Liabilities | 811.3M | 696.5M | 901.7M | 1.7B | 1.2B | 637.8M | |
Total Stockholder Equity | 2.4B | 2.6B | 2.8B | 3.0B | 3.2B | 3.4B | |
Property Plant And Equipment Net | 5.5B | 6.0B | 6.4B | 6.8B | 7.1B | 7.5B | |
Current Deferred Revenue | 54.7M | 52.2M | 48.8M | 47.7M | 76M | 66.0M | |
Net Debt | 3.5B | 3.8B | 4.5B | 4.6B | 4.3B | 4.5B | |
Retained Earnings | 778.8M | 870.7M | 962.5M | 1.1B | 1.2B | 1.2B | |
Accounts Payable | 193.5M | 183.3M | 217.8M | 310.0M | 186.4M | 177.8M | |
Cash | 9.8M | 6.4M | 8.9M | 21.4M | 93M | 60.0M | |
Non Current Assets Total | 7.1B | 7.6B | 8.3B | 8.5B | 8.8B | 9.2B | |
Non Currrent Assets Other | 19.4M | 264.4M | 564.4M | (69.9M) | 366.6M | 384.9M | |
Cash And Short Term Investments | 9.8M | 6.4M | 8.9M | 21.4M | 93M | 63.5M | |
Net Receivables | 272.3M | 285.4M | 339.7M | 525.8M | 368.8M | 246.1M | |
Common Stock Total Equity | 61.5M | 62.8M | 64.8M | 66.1M | 76.1M | 42.6M | |
Liabilities And Stockholders Equity | 7.6B | 8.1B | 9.1B | 9.6B | 9.6B | 10.1B | |
Non Current Liabilities Total | 4.3B | 4.7B | 5.3B | 4.9B | 5.1B | 5.4B | |
Inventory | 117.2M | 117.4M | 151.0M | 207.4M | 160.9M | 92.8M | |
Other Current Assets | 69.8M | 77.9M | 299.3M | 310.9M | 203.9M | 214.1M | |
Other Stockholder Equity | 1.6B | 1.7B | 1.8B | 1.9B | 2.0B | 2.1B | |
Total Liab | 5.1B | 5.4B | 6.2B | 6.5B | 6.3B | 6.6B | |
Property Plant And Equipment Gross | 5.5B | 6.0B | 7.9B | 8.4B | 8.9B | 9.4B | |
Total Current Assets | 473.2M | 493.3M | 808.1M | 1.1B | 826.6M | 520.9M | |
Accumulated Other Comprehensive Income | (30.7M) | (27.3M) | (20.1M) | (15.6M) | (14.8M) | (15.5M) | |
Short Term Debt | 355.2M | 242.5M | 420.2M | 1.1B | 600M | 630M | |
Common Stock | 61.5M | 62.8M | 64.8M | 66.1M | 68.3M | 43.7M | |
Other Liab | 1.1B | 1.2B | 1.2B | 1.3B | 1.4B | 1.5B | |
Other Assets | 255.4M | 260.2M | 561.2M | 439.5M | 505.5M | 530.7M | |
Long Term Debt | 3.1B | 3.5B | 4.1B | 3.6B | 3.8B | 1.9B | |
Treasury Stock | (267K) | (2.1M) | (3.5M) | (2.4M) | (2.8M) | (2.9M) | |
Property Plant Equipment | 5.5B | 6.0B | 6.4B | 6.8B | 7.8B | 8.2B | |
Intangible Assets | 13.3M | 11.9M | 10.8M | 9.6M | 8.4M | 15.9M | |
Net Tangible Assets | 2.4B | 2.6B | 1.4B | 3.0B | 3.4B | 3.1B | |
Noncontrolling Interest In Consolidated Entity | 101.9M | 101.3M | 100.0M | 95.0M | 109.2M | 61.8M | |
Retained Earnings Total Equity | 778.8M | 870.7M | 962.5M | 1.1B | 1.2B | 713.2M |
Black Hills Investors Sentiment
The influence of Black Hills' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Black. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Black Hills' public news can be used to forecast risks associated with an investment in Black. The trend in average sentiment can be used to explain how an investor holding Black can time the market purely based on public headlines and social activities around Black Hills. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Black Hills' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Black Hills' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Black Hills' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Black Hills.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Black Hills in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Black Hills' short interest history, or implied volatility extrapolated from Black Hills options trading.
Pair Trading with Black Hills
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Black Hills position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Black Hills will appreciate offsetting losses from the drop in the long position's value.Moving together with Black Stock
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0.73 | CPK | Chesapeake Utilities Financial Report 1st of May 2024 | PairCorr |
Moving against Black Stock
0.44 | NFE | New Fortress Energy Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Black Hills could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Hills when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Black Hills - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Black Hills to buy it.
The correlation of Black Hills is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Black Hills moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Hills moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Black Hills can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Hills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Black Stock analysis
When running Black Hills' price analysis, check to measure Black Hills' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Black Hills is operating at the current time. Most of Black Hills' value examination focuses on studying past and present price action to predict the probability of Black Hills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Hills' price. Additionally, you may evaluate how the addition of Black Hills to your portfolios can decrease your overall portfolio volatility.
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Is Black Hills' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Black Hills. If investors know Black will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Black Hills listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.057 | Dividend Share 2.5 | Earnings Share 3.91 | Revenue Per Share 34.796 | Quarterly Revenue Growth (0.25) |
The market value of Black Hills is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Hills' value that differs from its market value or its book value, called intrinsic value, which is Black Hills' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Black Hills' market value can be influenced by many factors that don't directly affect Black Hills' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Black Hills' value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Hills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Hills' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.