DTE Energy Company (DTE)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,118,000 | 1,048,000 | 1,044,000 | 1,040,000 | 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 |
| Payables | US$ in thousands | 1,387,000 | 1,290,000 | 1,307,000 | 1,098,000 | 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 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,118,000K ÷ $1,387,000K
= 0.81
The payables turnover ratio of DTE Energy Company has fluctuated over the past few years, ranging from a low of 0.55 to a high of 1.05. The ratio measures how efficiently the company is managing its accounts payable by indicating how many times a company pays off its average accounts payable balance during a certain period.
A decreasing trend in payables turnover ratio may suggest that the company is taking more time to pay its suppliers, which could signal potential liquidity issues or strained supplier relationships. Conversely, an increasing trend in the ratio may indicate that the company is more effectively managing its payables, potentially benefiting from improved negotiation terms with suppliers.
It is important to consider industry norms and benchmarking data to determine if DTE Energy Company's payables turnover ratio is in line with its peers. Additionally, changes in the ratio should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2024