DTE Energy Company (DTE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 0.99 | 1.03 | 1.19 | 9.79 | 11.78 | |
| DOH | days | 368.85 | 355.56 | 307.94 | 37.27 | 30.97 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.99
= 368.85
The days of inventory on hand (DOH) for DTE Energy Co. has fluctuated over the past five years. In 2023, the company had 61.47 days of inventory on hand, reflecting an increase compared to the previous reported year. The lack of data for the 2022 period highlights a potential gap in the analysis. In 2021, the DOH was 34.01 days, indicating a lower inventory turnover period compared to 2023. Further data for 2020 and 2019 is missing, limiting the ability to assess the trend over a longer time frame. Overall, DTE Energy Co.'s DOH suggests varying inventory management practices that may impact the company's operational efficiency and working capital management.
Peer comparison
Dec 31, 2023