NiSource Inc (NI)

Number of days of payables

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
Payables turnover 1.78 2.44 2.58 2.59 2.56 3.50 3.33 3.91 2.74 3.35 3.26 3.13 2.50 2.37 2.38 2.17 2.03 3.85 3.77 2.80
Number of days of payables days 205.06 149.70 141.71 140.85 142.60 104.23 109.70 93.33 133.15 109.11 111.91 116.66 146.20 153.87 153.58 168.21 179.69 94.80 96.84 130.57

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 fluctuations over the years based on the data provided. The trend indicates that the company took approximately 130.57 days to pay its suppliers as of March 31, 2020. Subsequently, the number of days decreased to 96.84 days by June 30, 2020, and further decreased to 94.80 days by September 30, 2020.

However, there was a significant increase in the number of days of payables to 179.69 days by December 31, 2020. This trend continued into the following year, with the days of payables remaining high at 168.21 days as of March 31, 2021. Subsequently, the trend shifted, showing a declining pattern, reaching 111.91 days by June 30, 2022, and further decreasing to 93.33 days by March 31, 2023.

The trend continued to fluctuate over the following quarters, with some increases and decreases observed. However, by December 31, 2024, the number of days of payables increased to 205.06 days. Overall, the data reflects varying payment practices and the company's ability to manage its payables efficiently over the years.