Discontinued — last reported Q3 '23
Business Segments · Write-offs charged against allowance
Gas Distribution Operations — Write-offs charged against allowance
NiSource Gas Distribution Operations — Write-offs charged against allowance increased by 67.2% to $19.90M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 1.5%, from $19.60M to $19.90M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ3 2023Nov 1, 2023
How to read this metric
Rising write-offs signal deteriorating customer payment performance or ineffective credit management, while lower levels indicate stable customer financial health.
Detailed definition
This metric tracks the actual value of customer accounts that have been deemed uncollectible and removed from the balanc...
Peer comparison
Used by analysts to evaluate the quality of earnings and the effectiveness of utility billing and collection operations.
Metric ID:
ni_segment_gas_distribution_operations_write_offs_charged_against_allowanceHistorical Data
8 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $12.00M | $7.70M | $13.60M | $19.60M | $11.20M | $12.10M | $11.90M | $19.90M |
| QoQ Change | — | -35.8% | +76.6% | +44.1% | -42.9% | +8.0% | -1.7% | +67.2% |
| YoY Change | — | — | — | — | -6.7% | +57.1% | -12.5% | +1.5% |
Range$7.70M – $19.90M
CAGR+33.5%
Avg YoY Growth+9.9%
Median YoY Growth-2.6%
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Frequently Asked Questions
- What is NiSource's gas distribution operations — write-offs charged against allowance?
- NiSource (NI) reported gas distribution operations — write-offs charged against allowance of $19.90M in Q3 2023.
- How has NiSource's gas distribution operations — write-offs charged against allowance changed year-over-year?
- NiSource's gas distribution operations — write-offs charged against allowance increased by 1.5% year-over-year, from $19.60M to $19.90M.
- What does gas distribution operations — write-offs charged against allowance mean?
- The actual amount of customer debt that the company has officially written off as uncollectible.