NiSource Inc (NI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,692,400 | 4,817,400 | 5,341,000 | 4,383,000 | 3,804,400 |
| Receivables | US$ in thousands | 964,200 | 862,000 | 1,041,900 | 825,600 | 1,129,600 |
| Receivables turnover | 4.87 | 5.59 | 5.13 | 5.31 | 3.37 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,692,400K ÷ $964,200K
= 4.87
The receivables turnover ratio for NiSource Inc has shown a positive trend over the past five years, increasing from 3.37 in December 31, 2020, to 4.87 in December 31, 2024. This indicates that the company has been able to collect its accounts receivable more efficiently each year, reflecting stronger credit control and collection procedures.
While there was a slight dip in the ratio in 2024 compared to the previous year, it remains at a healthy level. A higher receivables turnover ratio suggests that NiSource Inc is effectively managing its credit policies and collecting payments from customers in a timely manner.
Overall, the trend in NiSource Inc's receivables turnover ratio indicates that the company has been improving its efficiency in converting accounts receivable into cash, which is a positive sign for its liquidity and financial health.
Peer comparison
Dec 31, 2024