NiSource (NiSource) Accounts Receivable : $862 Mil (As of Dec. 2023)

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What is NiSource Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NiSource's accounts receivables for the quarter that ended in Dec. 2023 was $862 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NiSource's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 55.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NiSource's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-45.04.

NiSource Accounts Receivable Historical Data

The historical data trend for NiSource's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NiSource Accounts Receivable Chart

NiSource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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856.90

791.30

825.60

1,041.90

862.00

NiSource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															1,041.90	922.80	603.60	569.60	862.00

NiSource Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

NiSource Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

NiSource's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	862	/	1422	*	91
=	55.31

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), NiSource's accounts receivable are only considered to be worth 75% of book value:

NiSource's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2245.4	+	0.75 * 862	+	0.5 * 503.2	-	20940.9
-	486.1	-	1866.7)	/	447.382
=	-45.04

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

NiSource Accounts Receivable Related Terms

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NiSource (NiSource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NiSource Inc (NYSE:NI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NIpB.PFD:USA NOU:Germany

Address

801 East 86th Avenue, Merrillville, IN, USA, 46410

Website

https://www.nisource.com

NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.

Executives

Michael E Jesanis	director	C/O NISOURCE INC., 801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Lloyd M Yates	director	1N 2ND ST, HARTSVILLE SC 29550
Melody Birmingham	officer: EVP & Chief Innovation Officer	550 S. TRYON STREET, CHARLOTTE NC 28202
Donald Eugene Brown	officer: Executive Vice President	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
William Jr. Jefferson	officer: EVP Operations & CSO	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Kimberly S Cuccia	officer: VP, Interim GC & Corp Sec	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Michael Luhrs	officer: EVP, Strategy & Risk & CCO	P.O. BOX 14720, MADISON WI 53708-0720
Melanie B. Berman	officer: SVP & CHRO	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
William D Johnson	director	77 BEALE ST, PO BOX 770000, SAN FRANCISCO CA 94177
Cassandra S. Lee	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Sondra L Barbour	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Eric L Butler	director	1400 DOUGLAS STREET, STOP 1210, OMAHA NE 68179
Daniel A Creekmur	officer: SVP & President, Gas Utilities	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Michael Hooper	officer: SVP and President, NIPSCO	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Pablo Vegas	officer: EVP & President Columbia Gas	801 E. 86TH AVENUE, MERRILLVILLE IN 46410