NiSource Inc (NI)

Total asset 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
Total assets	US$ in thousands	31,077,200	27,828,200	27,343,700	26,853,700	26,736,600	25,576,400	24,813,800	24,365,500	24,156,900	22,778,600	22,313,800	22,194,500	22,040,500	22,701,500	22,436,500	22,592,700	22,659,800	22,132,300	21,974,200	21,889,900
Total asset turnover		0.16	0.19	0.20	0.20	0.20	0.20	0.20	0.19	0.18	0.17	0.17	0.17	0.17	0.23	0.24	0.24	0.25	0.26	0.26	0.26

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,817,400K ÷ $31,077,200K
= 0.16

Over the past eight quarters, NiSource Inc's total asset turnover ratio has shown consistency within a relatively narrow range. The ratio has ranged from 0.18 to 0.22, indicating that, on average, the company generates between $0.18 and $0.22 in revenue for every dollar of assets owned.

A total asset turnover ratio of 0.22 in the most recent quarter suggests that the company is efficiently utilizing its assets to generate sales revenue. Consistency in the range of 0.21 to 0.22 over multiple quarters indicates stability in the company's asset management efficiency.

It is essential for investors and stakeholders to monitor changes in total asset turnover over time to assess the company's effectiveness in generating sales relative to its asset base. Further analysis and comparison with industry peers can provide deeper insights into NiSource Inc's operational performance.