NiSource Inc (NI)

Return on assets (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
Net income (ttm)	US$ in thousands	760,400	773,900	773,300	746,300	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
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
ROA		2.39%	2.51%	2.59%	2.54%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $760,400K ÷ $31,788,100K
= 2.39%

NiSource Inc's return on assets (ROA) has shown a fluctuating trend over the periods in consideration. Starting from March 31, 2020, with an ROA of 1.06%, the company experienced negative ROA figures in the subsequent quarters up to December 31, 2020. However, from March 31, 2021, NiSource Inc saw an improvement in its ROA, reaching a peak of 3.01% on December 31, 2022.

Despite some fluctuations, NiSource Inc generally maintained a positive ROA from March 31, 2021, to December 31, 2024, indicating that the company was effectively utilizing its assets to generate profits. The ROA decreased slightly from its peak in 2022 but remained above 2% for the rest of the period.

Overall, NiSource Inc's ROA trend suggests that the company was efficiently generating profit relative to its total assets, showing a relatively stable performance in recent years.