NiSource Inc (NI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.78 | 3.28 | 3.48 | 3.74 | 3.61 | |
| DOH | days | 96.69 | 111.30 | 105.02 | 97.60 | 101.00 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.78
= 96.69
The days of inventory on hand (DOH) for NiSource Inc have fluctuated over the past five years. In 2023, the DOH decreased to 119.79 days from 130.04 days in 2022. This indicates that the company was able to manage its inventory more efficiently in 2023. Comparing to 2021 and 2020, where the DOH was 130.74 days and 131.98 days respectively, the decrease in 2023 suggests an improvement in inventory management.
However, it's worth noting that the DOH was substantially lower in 2019 at 101.00 days compared to the more recent years. This implies that NiSource Inc may have had a more optimized inventory management process in 2019. Overall, the trend in DOH for NiSource Inc shows some variability, and it would be beneficial for the company to focus on maintaining efficient inventory levels to effectively manage working capital and operational costs.
Peer comparison
Dec 31, 2023