NiSource Inc (NI)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 2.30 | 3.30 | 3.00 | 2.54 | |
| Number of days of payables | days | 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 | 158.39 | 110.68 | 121.61 | 143.52 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.56
= 142.60
The number of days of payables for NiSource Inc has varied over the past eight quarters. In Q4 2023, the company took an average of 178.39 days to pay its suppliers, which was higher compared to the previous quarter but significantly above the levels seen in Q1 and Q2 of the same year. This indicates that NiSource Inc is taking longer to settle its payables, which could potentially strain its liquidity position.
In comparison to the performance in Q4 2023, Q3 2023 showed an improvement with the number of days of payables decreasing to 125.34 days. This suggests that the company managed to pay its suppliers more efficiently during that period, possibly indicating better cash flow management.
Looking further back, the number of days of payables in Q4 2022 was 155.56 days, showing a gradual decrease from Q1 2022 where it was 141.41 days. This downward trend indicates that NiSource Inc has been making improvements in managing its payables over the past year, potentially enhancing its working capital management.
Overall, fluctuations in the number of days of payables for NiSource Inc over the past eight quarters reflect varying levels of efficiency in managing the company's payment obligations to suppliers. It is essential for stakeholders to monitor these trends closely to assess the financial health and liquidity position of the company.
Peer comparison
Dec 31, 2023