NiSource Inc (NI)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	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	5,613,200	5,775,000	5,738,500	5,735,100
Receivables	US$ in thousands	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	1,207,400	539,300	870,200	1,132,100
Receivables turnover		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	4.65	10.71	6.59	5.07

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,817,400K ÷ $862,000K
= 5.59

NiSource Inc's receivables turnover has shown fluctuations over the past eight quarters. The ratio measures how efficiently the company is collecting payments from its customers. In Q3 2023, the receivables turnover was the highest at 9.53, indicating that the company collected its outstanding receivables more quickly during that period. Q2 2023 and Q2 2022 also showed relatively high turnover ratios at 9.05 and 6.39, respectively.

On the other hand, Q1 2022 and Q4 2022 had lower turnover ratios of 4.93 and 5.00, signaling that NiSource Inc took longer to collect payments from its customers during those quarters.

Overall, the trend seems to indicate improvements in the efficiency of receivables collection, particularly in Q3 2023. This could suggest that NiSource Inc has been managing its receivables more effectively, which is a positive sign for the company's financial health.