DTE Energy Company (DTE)
Working capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,745,000 | 13,827,000 | 16,190,000 | 18,430,000 | 19,228,000 | 19,399,000 | 17,863,000 | 16,168,000 | 15,369,000 | 14,010,000 | 13,579,000 | 12,933,000 | 12,177,000 | 12,037,000 | 11,872,000 | 12,177,000 | 12,669,000 | 13,271,000 | 13,702,000 | 13,973,000 |
| Total current assets | US$ in thousands | 3,539,000 | 3,420,000 | 3,203,000 | 3,537,000 | 4,180,000 | 4,310,000 | 4,093,000 | 3,610,000 | 3,317,000 | 3,494,000 | 6,402,000 | 4,376,000 | 3,498,000 | 3,821,000 | 3,497,000 | 3,526,000 | 3,086,000 | 2,985,000 | 2,726,000 | 2,840,000 |
| Total current liabilities | US$ in thousands | 5,883,000 | 4,045,000 | 3,596,000 | 4,036,000 | 5,173,000 | 5,466,000 | 6,895,000 | 5,680,000 | 6,346,000 | 3,433,000 | 3,737,000 | 2,595,000 | 2,691,000 | 3,417,000 | 4,196,000 | 3,972,000 | 3,997,000 | 3,865,000 | 3,654,000 | 3,647,000 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | 229.67 | 5.10 | 7.26 | 15.09 | 29.79 | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,745,000K ÷ ($3,539,000K – $5,883,000K)
= —
As the working capital turnover ratio data for DTE Energy Co. is not provided in the table, it is not possible to conduct a detailed analysis of the company's efficiency in utilizing its working capital to generate revenues. The working capital turnover ratio is typically calculated by dividing revenue by average working capital, indicating how effectively a company is employing its working capital to support its operations and sales. Further assessment of this ratio over multiple quarters would yield insights into the company's ability to efficiently manage its working capital and generate sales. Without this information, a more comprehensive analysis of DTE Energy Co.'s working capital turnover performance cannot be provided.
Peer comparison
Dec 31, 2023