NiSource Inc (NI)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	4,817,400	5,341,000	4,383,000	3,804,400	6,743,700
Total current assets	US$ in thousands	4,499,400	2,584,300	1,920,800	1,659,400	1,853,900
Total current liabilities	US$ in thousands	5,265,100	4,660,500	2,746,200	2,279,400	3,745,800
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,817,400K ÷ ($4,499,400K – $5,265,100K)
= —

To calculate NiSource Inc's working capital turnover, we need information on both the net sales and working capital for each of the years mentioned (2023, 2022, 2021, 2020, 2019). Working capital turnover is a financial ratio that assesses a company's efficiency in generating sales revenue relative to its working capital.

By dividing net sales by average working capital, we can determine the working capital turnover ratio for each year. A higher turnover ratio indicates that the company is efficiently using its working capital to generate sales.

Unfortunately, without the specific values for net sales and working capital for each year, we cannot compute the working capital turnover ratio for NiSource Inc. It is essential to have this detailed financial data to provide a meaningful analysis of the company's efficiency in utilizing its working capital.