DTE Energy Company (DTE)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.81 | 0.77 | 0.60 | 0.72 | 1.05 | |
| Number of days of payables | days | 452.82 | 476.28 | 605.44 | 507.48 | 348.28 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.81
= 452.82
The number of days of payables for DTE Energy Company has shown fluctuations over the years based on the data provided.
- As of December 31, 2020, the number of days of payables was 348.28 days.
- By December 31, 2021, this figure increased significantly to 507.48 days.
- The trend continued to rise as of December 31, 2022, reaching 605.44 days.
- A decrease was observed by December 31, 2023, with the number of days of payables dropping to 476.28 days.
- Most recently, on December 31, 2024, there was a further decrease to 452.82 days.
The analysis of days of payables is essential in evaluating the efficiency of the company's management of its accounts payable. A higher number of days of payables may indicate that the company is taking longer to pay its bills, which could have implications for liquidity and supplier relationships. Conversely, a lower number of days may suggest a more efficient management of payables. In the case of DTE Energy Company, the trend in the number of days of payables shows variability, and further investigation is necessary to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2024