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NiSource Inc (NYSE:NI)
Days Payable
147.29 (As of Sep. 2016)

NiSource Inc's payable for the three months ended in Sep. 2016 was $352 Mil. NiSource Inc's cost of goods sold for the three months ended in Sep. 2016 was $218 Mil. Hence, NiSource Inc's days payable for the three months ended in Sep. 2016 was 147.29.

NI' s Days Payable Range Over the Past 10 Years
Min: 44.96   Max: 127.6
Current: 99.96

44.96
127.6

During the past 13 years, NiSource Inc's highest Days Payable was 127.60. The lowest was 44.96. And the median was 83.82.

NI's Days Payable is ranked higher than
66% of the 410 Companies
in the Global Utilities - Regulated Gas industry.

( Industry Median: 68.67 vs. NI: 99.96 )

NiSource Inc's days payable declined from Sep. 2015 (152.39) to Sep. 2016 (147.29). It may suggest that NiSource Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

NiSource Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=670.6/2224.2*365
=110.05

NiSource Inc's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=352.2/218.2*365 / 4
=147.29

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

NiSource Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 0.000.0044.9655.2371.4062.08127.60124.45110.0596.24

NiSource Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 112.83169.32109.1463.84179.16152.39117.5672.17144.20147.29
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