DTE Energy Company (DTE)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,043,000 | 990,000 | 981,000 | 972,000 | 987,000 | 933,000 | 966,000 | 997,000 | 1,013,000 | 1,083,000 | 1,052,000 | 1,001,000 | 1,008,000 | 870,000 | 879,000 | 893,000 | 857,000 | 879,000 | 870,000 | 872,000 |
| Inventory | US$ in thousands | 1,054,000 | 1,110,000 | 938,000 | 806,000 | 942,000 | 1,048,000 | 855,000 | 729,000 | 858,000 | 915,000 | 46,000 | 0 | 107,000 | 815,000 | 785,000 | 707,000 | 74,000 | 806,000 | 765,000 | 604,000 |
| Inventory turnover | 0.99 | 0.89 | 1.05 | 1.21 | 1.05 | 0.89 | 1.13 | 1.37 | 1.18 | 1.18 | 22.87 | — | 9.42 | 1.07 | 1.12 | 1.26 | 11.58 | 1.09 | 1.14 | 1.44 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,043,000K ÷ $1,054,000K
= 0.99
The inventory turnover of DTE Energy Co. has fluctuated over the past eight quarters, as indicated by the following data points:
- Q4 2023: 5.94
- Q3 2023: -2.43
- Q2 2023: -0.40
- Q1 2023: 2.51
- Q4 2022: 0.00
- Q3 2022: 9.88
- Q2 2022: 10.51
- Q1 2022: 9.69
The inventory turnover ratio measures how efficiently the company is managing its inventory by showing how many times during a period the inventory is sold and replaced. A higher turnover ratio indicates that inventory is sold more frequently.
In the case of DTE Energy Co., the inventory turnover experienced significant variations, ranging from negative values to double-digit figures. The negative values in Q3 2023 and Q2 2023 indicate potential issues with inventory management, as negative turnover implies unusual inventory holding trends or possibly inaccurate data reporting.
The notable increase in the ratio in Q4 2022 to over 9, followed by a slight decline in the subsequent quarters, suggests an improvement in inventory turnover efficiency, although it's essential to monitor for any continuing inconsistencies in the trend.
Overall, it is crucial for DTE Energy Co. to ensure consistency and accuracy in inventory management to optimize working capital and operational efficiency.
Peer comparison
Dec 31, 2023
Dec 31, 2023