DTE Energy Company (DTE)

Days of sales outstanding (DSO)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		7.13	8.83	10.83	10.89	8.81	9.80	8.28	8.92	8.40	8.28	7.95	7.68	6.80	7.72	6.80	6.99	6.71	7.73	8.96	7.96
DSO	days	51.18	41.34	33.70	33.53	41.42	37.25	44.10	40.91	43.46	44.08	45.88	47.55	53.71	47.27	53.68	52.22	54.37	47.22	40.73	45.84

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.13
= 51.18

To analyze DTE Energy Co.'s Days of Sales Outstanding (DSO) based on the given data, we observe a trend of fluctuating values over the past eight quarters.

In Q4 2023, DSO stood at 51.18 days, the highest value in the dataset, indicating that, on average, it took the company approximately 51 days to collect revenue from its sales activities during that period. This represented a significant increase from the previous quarter.

Q3 2023 saw a decrease in DSO to 41.34 days, showing an improvement in DTE Energy Co.'s collection efficiency compared to the preceding quarter.

In Q2 2023, DSO decreased further to 33.70 days, signifying a notable improvement in the company's ability to collect payments from customers more swiftly. This trend continued into Q1 2023, where DSO remained relatively low at 33.53 days.

Comparing to the same quarters in the previous year, we can see that the company had a higher DSO in Q4 2022 (41.42 days), Q3 2022 (38.05 days), Q2 2022 (45.12 days), and Q1 2022 (41.96 days).

Overall, while DTE Energy Co. has shown fluctuations in its Days of Sales Outstanding metric, there have been recent improvements in collection efficiency, especially in the first two quarters of 2023. A lower DSO indicates that the company is collecting payments more quickly, which can positively impact its cash flow and overall financial health.