NiSource Inc (NI)
Total asset 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 |
| Total assets | US$ in thousands | 31,788,100 | 30,828,100 | 29,897,600 | 29,338,100 | 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 |
| Total asset turnover | 0.29 | 0.15 | 0.15 | 0.16 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,150,200K ÷ $31,788,100K
= 0.29
NiSource Inc's total asset turnover has shown variability over the reported periods. The ratio started at 0.24 in March 2020 and remained relatively stable at 0.24 in June 2020 and 0.23 in September 2020. However, there was a notable decrease to 0.17 by December 2020, with the ratio staying at this level for the next three quarters.
There was a slight improvement in total asset turnover in March 2022 (0.19) and further increases in June 2022 (0.20), September 2022 (0.20), and December 2022 (0.20). The ratio maintained this level throughout the next four quarters until December 2023 when it dropped to 0.16.
Following this decrease, the ratio remained at 0.16 in March 2024 before declining to 0.15 in June 2024 and September 2024. Interestingly, there was a significant uptick in total asset turnover to 0.29 by December 2024, finishing the period on a high note.
This analysis indicates that NiSource Inc's efficiency in generating revenue from its total assets fluctuated during the period under review, with both peaks and valleys in the total asset turnover ratio. Further investigation into the company's operations and asset utilization may provide insights into the factors influencing these fluctuations.
Peer comparison
Dec 31, 2024