NiSource Inc (NI)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	714,300	721,400	702,100	710,300	804,100	725,500	722,900	716,200	584,900	503,400	267,300	202,300	-17,600	-241,300	-61,800	239,800	383,100	510,700	164,600	-107,800
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
ROA		2.30%	2.59%	2.57%	2.65%	3.01%	2.84%	2.91%	2.94%	2.42%	2.21%	1.20%	0.91%	-0.08%	-1.06%	-0.28%	1.06%	1.69%	2.31%	0.75%	-0.49%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $714,300K ÷ $31,077,200K
= 2.30%

NiSource Inc's return on assets (ROA) has shown a generally stable trend over the past eight quarters, with values ranging between 2.13% and 2.80%. The ROA peaked at 2.80% in Q4 2022 and has since slightly decreased to 2.13% in Q4 2023. This downward trend may indicate a decrease in the company's efficiency in generating profits from its assets.

Overall, NiSource Inc's ROA performance demonstrates the company's ability to generate earnings relative to its total assets, although there may be room for improvement to enhance asset utilization and profitability in future periods. Further analysis of the company's asset management efficiency and profitability measures may provide additional insight into its operational performance and financial health.