NiSource Inc (NI)

Days of sales outstanding (DSO)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		5.59	9.27	8.85	5.89	5.13	8.59	6.87	4.90	5.31	7.26	6.68	4.71	3.37	10.11	9.71	7.47	4.65	10.71	6.59	5.07
DSO	days	65.31	39.39	41.25	61.99	71.20	42.51	53.14	74.47	68.75	50.27	54.61	77.44	108.38	36.10	37.57	48.89	78.51	34.09	55.35	72.05

December 31, 2023 calculation

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

NiSource Inc's Days Sales Outstanding (DSO) has shown some fluctuation over the past eight quarters. In Q4 2023, the DSO was 61.53 days, which increased significantly compared to the previous quarter at 38.30 days in Q3 2023. This may indicate that the company took longer to collect its accounts receivable in Q4 2023.

Looking further back, the DSO in Q4 2023 was lower than in Q4 2022, which was 72.99 days. This suggests an improvement in the collection period over the year. However, compared to Q3 2022, where DSO was 50.69 days, the current DSO in Q4 2023 is notably higher.

Analyzing the trend over the past eight quarters, it is evident that NiSource Inc experienced a notable increase in DSO in Q4 2023 compared to the previous quarter, indicating a potential issue with accounts receivable management. Further monitoring of DSO trends and analysis of underlying factors impacting collections will be necessary for better insight into the company's financial health and operational efficiency.