NiSource (NiSource) Days Payable

: 87.59 (As of Dec. 2023)

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NiSource's average Accounts Payable for the three months ended in Dec. 2023 was $699 Mil. NiSource's Cost of Goods Sold for the three months ended in Dec. 2023 was $728 Mil. Hence, NiSource's Days Payable for the three months ended in Dec. 2023 was 87.59.

The historical rank and industry rank for NiSource's Days Payable or its related term are showing as below:

NI' s Days Payable Range Over the Past 10 Years
Min: 59.97 Med: 74.56 Max: 99.37
Current: 88.18

During the past 13 years, NiSource's highest Days Payable was 99.37. The lowest was 59.97. And the median was 74.56.

NI's Days Payable is ranked better than
65.25% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.78 vs NI: 88.18

NiSource's Days Payable increased from Dec. 2022 (67.75) to Dec. 2023 (87.59). It may suggest that NiSource delayed paying its suppliers.

NiSource Days Payable Historical Data

The historical data trend for NiSource's Days Payable 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.

* Premium members only.

NiSource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

97.88

84.98

82.45

80.98

99.37

NiSource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																67.75	60.83	99.90	119.33	87.59

Competitive Comparison

For the Utilities - Regulated Gas subindustry, NiSource's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution

For the Utilities - Regulated industry and Utilities sector, NiSource's Days Payable distribution charts can be found below:

* The bar in red indicates where NiSource's Days Payable falls into.

NiSource Days Payable Calculation

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

NiSource's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (899.5	+	749.4)	/	2 )	/	3028.2	*	365
=	824.45					/	3028.2	*	365
=	99.37

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (648.2	+	749.4)	/	2 )	/	728	*	365 / 4
=	698.8					/	728	*	365 / 4
=	87.59

NiSource Days Payable Related Terms

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NiSource (NiSource) Business Description

Industry

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

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