DTE Energy Company (DTE)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		0.81	0.81	0.80	0.95	0.77	0.87	0.93	0.90	0.62	0.58	0.55	0.76	0.72	0.79	0.90	1.05	1.01	0.90	0.86	0.87
Number of days of payables	days	452.82	449.28	456.95	385.36	476.28	418.46	391.04	407.43	593.17	633.37	659.34	483.25	509.49	460.04	406.98	348.23	362.10	404.44	425.63	420.18

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 fluctuating trends over the past few years. Initially, the company had a relatively stable number of days of payables, hovering around the range of 400-450 days during the periods from March 2020 to September 2021. This indicates that DTE Energy was taking an average of 400-450 days to pay off its accounts payable.

However, from June 2022 onwards, there was a significant spike in the number of days of payables, reaching as high as 659.34 days by June 2022. This sharp increase suggests that DTE Energy was taking much longer to pay off its accounts payable compared to the earlier periods.

Subsequently, there was some fluctuation in the number of days of payables, with the metric gradually decreasing to around 385-476 days by December 2024. This could indicate that the company made efforts to improve its payables management and reduce the time taken to settle its payables.

Overall, the analysis of the number of days of payables for DTE Energy Company suggests a mix of stable periods followed by a significant increase and subsequent fluctuations. This metric is important in understanding the company's liquidity position and its ability to manage its working capital effectively.