NiSource Inc (NI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.78 | 2.53 | 2.74 | 2.48 | 2.55 | |
| Number of days of payables | days | 205.06 | 143.99 | 133.15 | 146.94 | 143.32 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.78
= 205.06
The number of days of payables for NiSource Inc has shown some fluctuation over the years. As of December 31, 2020, the company took an average of 143.32 days to pay its accounts payable, which increased to 146.94 days by December 31, 2021. However, there was a decrease in the number of days of payables to 133.15 days by December 31, 2022. The figure then increased slightly to 143.99 days by December 31, 2023, before experiencing a significant spike to 205.06 days by December 31, 2024.
This increase in the number of days of payables in 2024 may indicate a potential liquidity issue or changes in the company's payment practices. It is essential for NiSource Inc to closely monitor and manage its payables turnover to ensure efficient cash flow management and maintain good relationships with its suppliers.
Peer comparison
Dec 31, 2024