DTE Energy Company (DTE)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		0.77	0.60	0.72	1.05	0.81
Number of days of payables	days	476.28	605.44	507.48	348.28	450.39

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.77
= 476.28

The number of days of payables for DTE Energy Co. has shown fluctuations over the past five years. In 2023, the company took approximately 79.38 days to pay its creditors, indicating a significant increase compared to the previous available data. Notably, data for 2022 is missing, making it challenging to assess the trend accurately. In 2021, the number of days of payables was 56.05 days, suggesting that the company improved its payment efficiency compared to 2023. Further historical data is unavailable for 2020 and 2019. Overall, a higher number of days of payables may indicate a longer time taken by DTE Energy Co. to settle its outstanding obligations to suppliers and vendors. This metric is crucial in evaluating the company's liquidity management and relationships with its business partners.