NiSource Inc (NI)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	9,150,200	4,601,300	4,552,400	4,557,700	4,817,400	5,278,400	5,340,500	5,433,700	5,341,000	5,038,000	4,907,900	4,710,700	4,383,000	3,824,700	3,767,800	3,744,500	3,804,400	5,272,200	5,301,200	5,348,900
Property, plant and equipment	US$ in thousands	25,453,900	—	—	—	22,274,900	21,712,000	21,175,200	20,227,600	19,842,600	18,991,000	18,511,700	18,120,700	17,881,800	17,521,100	17,155,100	16,836,700	16,619,500	16,079,000	15,772,400	15,587,200
Fixed asset turnover		0.36	—	—	—	0.22	0.24	0.25	0.27	0.27	0.27	0.27	0.26	0.25	0.22	0.22	0.22	0.23	0.33	0.34	0.34

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,150,200K ÷ $25,453,900K
= 0.36

The fixed asset turnover ratio for NiSource Inc has shown some fluctuations over the past few years. From March 31, 2020, to December 31, 2021, the ratio decreased steadily from 0.34 to 0.25, indicating a decline in the efficiency of utilizing fixed assets to generate sales. However, from March 31, 2022, to September 30, 2023, there was a slight improvement in the ratio, reaching its peak at 0.27.

The ratio dropped to 0.22 by December 31, 2023, but then remained stable for the next reporting periods from March 31, 2024, to September 30, 2024, at 0.22. A sudden increase to 0.36 was observed by December 31, 2024, signifying a potential significant increase in the company's ability to generate revenue relative to its investment in fixed assets.

Overall, the trend in the fixed asset turnover ratio for NiSource Inc indicates some variability in the efficiency of the company's fixed asset management over the years, with notable improvements in certain periods and slight declines in others.