NiSource Inc (NI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,692,400 | 4,817,400 | 5,341,000 | 4,383,000 | 3,804,400 |
| Property, plant and equipment | US$ in thousands | 25,453,900 | 22,274,900 | 19,842,600 | 17,881,800 | 16,619,500 |
| Fixed asset turnover | 0.18 | 0.22 | 0.27 | 0.25 | 0.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,692,400K ÷ $25,453,900K
= 0.18
The fixed asset turnover ratio for NiSource Inc has shown some fluctuation over the years. The ratio increased from 0.23 in December 31, 2020 to 0.18 in December 31, 2024. This indicates that the company generated $0.23 of revenue for every dollar of fixed assets in 2020, but by 2024, this had decreased to $0.18. The slight increase in the ratio from 2020 to 2024 suggests that the company may have been more efficient in generating revenue from its fixed assets in the interim years. However, the decrease in 2024 indicates a potential decline in the company's ability to utilize its fixed assets to generate sales. This trend warrants further investigation to understand the factors contributing to the fluctuations in the fixed asset turnover ratio.
Peer comparison
Dec 31, 2024