NiSource Inc (NI)
Total asset 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 |
| Total assets | US$ in thousands | 31,788,100 | 31,077,200 | 26,736,600 | 24,156,900 | 22,040,500 |
| Total asset turnover | 0.15 | 0.16 | 0.20 | 0.18 | 0.17 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,692,400K ÷ $31,788,100K
= 0.15
NiSource Inc's total asset turnover has shown a slight improvement over the years, increasing from 0.17 in December 2020 to 0.18 in December 2021, and further to 0.20 by December 2022. However, there was a decline in total asset turnover in the following years, dropping to 0.16 in December 2023 and to 0.15 in December 2024. This indicates that the company generated $0.15 to $0.20 in revenue for every dollar of assets held during the specified periods, suggesting a varying efficiency in asset utilization for generating sales. Further analysis of the factors influencing these fluctuations is recommended to understand the company's operational effectiveness and potential areas for improvement.
Peer comparison
Dec 31, 2024