NiSource Inc (NI)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		5.59	5.13	5.31	3.37	5.59
DSO	days	65.31	71.20	68.75	108.38	65.35

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.59
= 65.31

NiSource Inc's Days Sales Outstanding (DSO) has exhibited some fluctuations over the past five years. In 2023, the DSO decreased to 61.53 days, representing an improvement compared to the previous year. This indicates that the company is collecting its accounts receivable more efficiently, converting sales into cash at a faster rate.

In 2022, the DSO was 72.99 days, showing an increase from the prior year. This suggests that NiSource Inc took longer to collect payments from its customers in that period compared to 2021.

Similarly, in 2021, the DSO stood at 68.92 days, slightly higher than in 2020 when it was 64.35 days. This indicates a slight deterioration in the collection efficiency of the company in 2021 compared to the previous year.

However, in 2020, there was a decrease in DSO compared to 2019 when it was 63.44 days, indicating a slight improvement in collecting receivables more promptly.

Overall, while there have been fluctuations in NiSource Inc's DSO over the past five years, the recent decrease in 2023 suggests an improvement in the company's ability to manage its accounts receivable efficiently.