NiSource Inc (NI)

Payables 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
Cost of revenue (ttm)	US$ in thousands	1,536,300	1,498,500	1,504,200	1,587,200	1,918,200	2,269,900	2,390,400	2,511,600	2,465,700	2,229,600	2,121,000	1,966,500	1,742,100	1,155,700	1,141,700	1,204,100	1,196,400	1,579,800	1,517,100	1,413,400
Payables	US$ in thousands	863,100	614,600	584,000	612,500	749,400	648,200	718,400	642,200	899,500	666,500	650,300	628,500	697,800	487,200	480,400	554,900	589,000	410,300	402,500	505,600
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,536,300K ÷ $863,100K
= 1.78

The payables turnover ratio for NiSource Inc has shown fluctuations over the years. The ratio indicates how effectively the company is managing its accounts payable by measuring how quickly it pays off its suppliers.

From March 31, 2020 to December 31, 2022, the payables turnover ratio gradually increased from 2.80 to 3.35, indicating that the company was paying off its suppliers at a faster rate. This could suggest better liquidity management and strong supplier relationships during this period.

However, starting from March 31, 2023, the payables turnover ratio began to fluctuate again, with values ranging from 2.56 to 3.91. These fluctuations may indicate changes in payment terms with suppliers or fluctuations in the company's purchasing activities.

By December 31, 2024, the payables turnover ratio had decreased to 1.78, which might signal a potential slowdown in supplier payments or a change in the company's procurement strategy.

Overall, fluctuations in the payables turnover ratio for NiSource Inc suggest varying trends in the management of accounts payable over the years, which could be influenced by internal operational decisions and external economic factors.