NiSource Inc (NI)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,150,200 | 4,601,300 | 4,552,400 | 4,557,700 | 4,817,400 | 5,278,400 | 5,340,500 | 5,433,700 | 5,341,000 | 5,038,000 | 4,907,900 | 4,710,700 | 4,383,000 | 3,824,700 | 3,767,800 | 3,744,500 | 3,804,400 | 5,272,200 | 5,301,200 | 5,348,900 |
| Receivables | US$ in thousands | 964,200 | 572,000 | 624,000 | 845,600 | 862,000 | 569,600 | 603,600 | 922,800 | 1,041,900 | 586,700 | 714,600 | 961,100 | 825,600 | 526,800 | 563,700 | 794,500 | 1,129,600 | 521,400 | 545,700 | 716,500 |
| Receivables turnover | 9.49 | 8.04 | 7.30 | 5.39 | 5.59 | 9.27 | 8.85 | 5.89 | 5.13 | 8.59 | 6.87 | 4.90 | 5.31 | 7.26 | 6.68 | 4.71 | 3.37 | 10.11 | 9.71 | 7.47 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,150,200K ÷ $964,200K
= 9.49
The receivables turnover for NiSource Inc has fluctuated over the past few years. It stood at 7.47 on March 31, 2020, indicating that the company collected its accounts receivable approximately 7.47 times during that period. The turnover increased to 10.11 by September 30, 2020, reflecting a more efficient collection of receivables.
However, the ratio dropped significantly to 3.37 by December 31, 2020, suggesting a slowdown in receivables turnover. The trend continued with a further decline to 4.71 by March 31, 2021, and 5.31 by December 31, 2021.
There was a slight improvement in receivables turnover during the following quarters, with ratios ranging from 6.68 to 8.85 by June 30, 2021, and June 30, 2023, respectively. The turnover then decreased slightly to 7.30 by June 30, 2024.
Overall, NiSource Inc's receivables turnover has displayed some variability, indicating changes in the company's ability to collect on credit sales efficiently. The management may need to further analyze the reasons behind these fluctuations and implement strategies to maintain a consistent and optimal level of receivables turnover.
Peer comparison
Dec 31, 2024