NiSource Inc (NI)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,425,100 | 1,422,500 | 1,422,300 | 1,373,000 | 1,343,400 | 1,320,200 | 1,271,200 | 1,251,300 | 1,330,300 | 1,220,000 | 1,213,300 | 1,207,800 | 1,043,800 | 989,900 | 684,900 | 625,100 | 336,000 | 65,700 | 300,600 | 665,600 |
| Long-term debt | US$ in thousands | 12,505,200 | 12,926,500 | 11,762,200 | 10,852,300 | 10,370,900 | 9,589,200 | 10,079,700 | 9,488,200 | 8,479,400 | 8,154,600 | 8,770,000 | 9,202,000 | 10,415,700 | 10,558,100 | 10,577,400 | 10,178,000 | 11,034,200 | 10,723,500 | 10,493,600 | 8,381,100 |
| Total stockholders’ equity | US$ in thousands | 8,684,200 | 8,345,000 | 7,869,000 | 7,895,900 | 8,269,600 | 7,212,400 | 7,230,400 | 7,674,200 | 7,575,400 | 7,193,900 | 7,224,600 | 7,201,900 | 6,947,300 | 6,494,900 | 6,523,100 | 5,931,600 | 5,752,200 | 5,424,900 | 5,661,800 | 5,741,400 |
| Return on total capital | 6.73% | 6.69% | 7.25% | 7.32% | 7.21% | 7.86% | 7.34% | 7.29% | 8.29% | 7.95% | 7.59% | 7.36% | 6.01% | 5.80% | 4.01% | 3.88% | 2.00% | 0.41% | 1.86% | 4.71% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,425,100K ÷ ($12,505,200K + $8,684,200K)
= 6.73%
NiSource Inc's return on total capital has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The return on total capital started at 4.71% in March 2020, dropped to 0.41% in September 2020, and then increased to 8.29% by December 2022. Subsequently, it fluctuated between 6.69% and 8.29% until December 2024, ending at 6.73%.
Overall, the return on total capital of NiSource Inc has displayed variability but generally trended upwards over the period, indicating the company's ability to generate returns relative to the total capital employed. The increasing trend in the latter part of the series could suggest improving efficiency in capital utilization and potentially positive prospects for the company's financial performance. However, it is important to further analyze the underlying factors influencing these changes to gain a deeper understanding of NiSource Inc's financial health and operational efficiency.
Peer comparison
Dec 31, 2024