NiSource Inc (NI)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	1,455,500	1,401,300	1,416,000	1,347,900	1,295,500	1,298,400	1,222,100	1,196,500	1,265,800	1,184,700	1,175,100	1,174,000	1,006,900	940,600	886,300	835,800	550,800	294,700	292,900	664,700
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
Operating ROA		4.58%	4.55%	4.74%	4.59%	4.17%	4.67%	4.47%	4.46%	4.73%	4.63%	4.74%	4.82%	4.17%	4.13%	3.97%	3.77%	2.50%	1.30%	1.31%	2.94%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,455,500K ÷ $31,788,100K
= 4.58%

Over the span of the provided periods, NiSource Inc's operating return on assets (operating ROA) has displayed fluctuations. In March 2020, operating ROA stood at 2.94%, dropping to 1.31% by June 2020 and remaining relatively stable around 1.3-2.5% until December 2020.

From March 2021 onwards, there was a noticeable increase in operating ROA, reaching 4.82% in March 2022, the highest point in the series. Despite some minor fluctuations, operating ROA generally remained above 4% from March 2022 through to December 2024, with values ranging between 4.17% and 4.74%.

These figures indicate that NiSource Inc's ability to generate operating income from its assets improved significantly post-March 2021 and has remained relatively strong through the latest available data of December 2024. This trend suggests efficiency in utilizing its assets to generate earnings over the reviewed periods.