The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. NiSource's Revenue for the
three
months ended in Dec. 2023 was $1,422 Mil. NiSource's average Accounts Receivable for the
three
months ended in Dec. 2023 was $716 Mil.
Hence, NiSource's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.99.
NiSource Receivables Turnover Historical Data
The historical data trend for NiSource's Receivables Turnover 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.
Competitive Comparison of NiSource's Receivables Turnover
For the Utilities - Regulated Gas subindustry, NiSource's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NiSource's Receivables Turnover Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NiSource's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where NiSource's Receivables Turnover falls into.
NiSource Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
NiSource's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
NiSource Receivables Turnover Related Terms
Thank you for viewing the detailed overview of NiSource's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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