DTE Energy Company (DTE)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,745,000 | 19,228,000 | 14,964,000 | 12,177,000 | 12,669,000 |
| Total current assets | US$ in thousands | 3,539,000 | 4,180,000 | 3,317,000 | 3,498,000 | 3,086,000 |
| Total current liabilities | US$ in thousands | 5,883,000 | 5,173,000 | 6,346,000 | 2,691,000 | 3,997,000 |
| Working capital turnover | — | — | — | 15.09 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,745,000K ÷ ($3,539,000K – $5,883,000K)
= —
The working capital turnover ratio for DTE Energy Co. is not available for the years 2023, 2022, and 2021. In 2020, the company had a working capital turnover ratio of 15.09, indicating that the company generated $15.09 in revenue for every dollar of working capital invested during that year. The absence of data for the other years hinders a comprehensive trend analysis of the company's efficiency in utilizing its working capital to generate sales. It is important to note that a high working capital turnover ratio generally signifies effective management of working capital and efficient operations.
Peer comparison
Dec 31, 2023