Days Inventory is also known as Days Sales of Inventory (DSI). NiSource's Average Total Inventories for the
three
months ended in Dec. 2023 was $522 Mil. NiSource's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $728 Mil.
Hence, NiSource's Days Inventory for the
three
months ended in Dec. 2023 was 65.47.
The historical rank and industry rank for NiSource's Days Inventory or its related term are showing as below:
NI'
s Days Inventory Range Over the Past 10 Years
Min: 39.64 Med: 57.25 Max: 75.64
Current: 63.54
During the past 13 years, NiSource's highest Days Inventory was 75.64. The lowest was 39.64. And the median was 57.25.
NI's Days Inventory is ranked worse than 81.94% of 465
companies
in the Utilities - Regulated industry
Industry Median: 22.67
vs NI: 63.54
NiSource's Days Inventory
declined
from Dec. 2022 (67.14) to Dec. 2023 (65.47).
Inventory Turnover measures how fast the company turns over its inventory within a year.
NiSource's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.39.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
NiSource's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.37.
NiSource Days Inventory Historical Data
The historical data trend for NiSource's Days Inventory 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 Days Inventory
For the Utilities - Regulated Gas subindustry, NiSource's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NiSource's Days Inventory distribution charts can be found below:
* The bar in red indicates where NiSource's Days Inventory falls into.
NiSource Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
NiSource's Days Inventory 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.
NiSource (NYSE:NI) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
NiSource's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
NiSource's Inventory to Revenue for the
three
months 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
NiSource Days Inventory Related Terms
Thank you for viewing the detailed overview of NiSource's Days Inventory 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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