NiSource Inc (NI)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		3.95	3.83	4.03	4.90	3.81	4.19	5.17	6.67	3.28	2.79	4.31	7.47	3.49	2.45	3.45	4.89	2.98	3.98	4.87	5.56
DOH	days	92.44	95.31	90.56	74.42	95.75	87.07	70.65	54.69	111.30	130.98	84.60	48.85	104.49	148.88	105.79	74.63	122.37	91.61	75.02	65.59

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.95
= 92.44

The days of inventory on hand (DOH) for NiSource Inc has fluctuated over the past few years based on the data provided.

Initially, the DOH increased from 65.59 days as of March 31, 2020, to 122.37 days as of December 31, 2020, indicating an increase in the average number of days it took for the company to sell its inventory. This may suggest potential issues with inventory management or slowing sales.

Subsequently, there were fluctuations in DOH, with the metric peaking at 148.88 days on September 30, 2021, before decreasing to 48.85 days on March 31, 2022. This dramatic decrease in DOH may indicate an improvement in inventory turnover efficiency during this period.

From June 30, 2022, to September 30, 2024, the DOH remained relatively high, fluctuating between 70.65 days and 130.98 days. This could imply inconsistent inventory management practices or challenges in forecasting demand during this period.

Overall, analyzing NiSource Inc's DOH data suggests that the company has experienced fluctuations in inventory management efficiency over the years. It would be important for the company to closely monitor its inventory levels and implement effective inventory management strategies to optimize working capital and improve operational performance.