DTE Energy Company (DTE)
Payables 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 |
| Payables | US$ in thousands | 1,361,000 | 1,135,000 | 1,051,000 | 1,085,000 | 1,604,000 | 1,619,000 | 1,745,000 | 1,320,000 | 1,414,000 | 1,365,000 | 1,173,000 | 955,000 | 1,000,000 | 964,000 | 1,025,000 | 1,028,000 | 1,076,000 | 1,033,000 | 1,051,000 | 981,000 |
| Payables turnover | 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 | 0.80 | 0.85 | 0.83 | 0.89 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,043,000K ÷ $1,361,000K
= 0.77
The payables turnover ratio reflects how efficiently DTE Energy Co. is managing its accounts payable. A higher payables turnover indicates that the company is paying its suppliers more frequently within a given period, which can be a sign of efficient working capital management.
Looking at the data provided:
- In Q4 2023, the payables turnover ratio is 4.60, which suggests that DTE Energy Co. is paying its suppliers approximately 4.60 times during the quarter. This indicates a relatively efficient management of its accounts payable compared to previous quarters.
- In Q3 2023, the payables turnover ratio is -2.37, which is a significant decrease from the previous quarter. A negative ratio in this context can be an anomaly or may indicate a unique event in that quarter that impacted the payables turnover negatively.
- In Q2 2023, the payables turnover ratio is -0.36, with the negative value indicating potential issues with supplier payments during that period.
- In Q1 2023, the payables turnover ratio is 1.86, showing an improvement compared to the previous two quarters.
- In Q4 2022, the payables turnover ratio is 0.00, which could indicate that no payments were made to suppliers in that quarter.
- Q3 and Q2 of 2022 show higher payables turnover ratios of 6.40 and 5.15 respectively, indicating efficient supplier payment management during those periods.
Overall, the trend in payables turnover for DTE Energy Co. has been somewhat erratic in recent quarters, with some fluctuations and anomalies in the figures. It would be necessary to further investigate the reasons behind the negative or zero ratios in certain quarters to assess the company's financial management practices accurately.
Peer comparison
Dec 31, 2023