DT Midstream Inc (DTM)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | 12.14 | 9.24 | — |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | — | — | — | 4.59 | — |
Based on the provided data for DT Midstream Inc, we can assess the company's activity ratios as follows:
1. Inventory Turnover:
- The inventory turnover ratio reflects how efficiently a company manages its inventory. DT Midstream Inc had an inventory turnover of 9.24 in 2021 and 12.14 in 2022. A higher turnover indicates that the company is selling goods more quickly. The lack of data for 2020, 2023, and 2024 makes it difficult to track the trend consistently.
2. Receivables Turnover:
- The receivables turnover ratio measures how efficiently a company collects its outstanding receivables. The data provided shows no turnover information for DT Midstream Inc for any of the years, which limits our ability to evaluate the company's effectiveness in collecting receivables.
3. Payables Turnover:
- The payables turnover ratio assesses how efficiently a company pays its suppliers. There is no data available for DT Midstream Inc for any of the years, which restricts our analysis of the company's ability to manage its payables effectively.
4. Working Capital Turnover:
- The working capital turnover ratio evaluates how well a company utilizes its working capital to generate sales revenue. DT Midstream Inc had a working capital turnover of 4.59 in 2021. The lack of data for the remaining years prevents us from analyzing the consistency of this ratio over time.
In conclusion, based on the limited information provided, DT Midstream Inc appears to have shown improvements in its inventory turnover in 2022 compared to 2021. However, the absence of data for receivables turnover, payables turnover, and working capital turnover for other years hinders a comprehensive assessment of the company's overall activity efficiency. Further data for these ratios would provide a more complete picture of DT Midstream Inc's operational performance.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 30.07 | 39.50 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data on activity ratios for DT Midstream Inc, we can see the following:
1. Days of Inventory on Hand (DOH):
- As of December 31, 2021: 39.50 days
- As of December 31, 2022: 30.07 days
DT Midstream Inc has shown a decrease in the number of days it takes to sell its inventory from 2021 to 2022, indicating more efficient inventory turnover. The company is managing its inventory levels effectively by reducing the holding period, which can lead to cost savings and improved liquidity.
2. Days of Sales Outstanding (DSO):
- Data is not available for any year
Unfortunately, no information is provided regarding the days of sales outstanding for DT Midstream Inc for any of the years specified. DSO is a crucial metric that indicates how quickly the company collects its receivables from customers. Without this data, it is challenging to assess the efficiency of the company's accounts receivable management.
3. Number of Days of Payables:
- Data is not available for any year
Similarly, there is no information available on the number of days of payables for DT Midstream Inc for any of the years specified. Knowing the days of payables can provide insights into how long the company takes to pay its suppliers and manage its trade credit relationships.
Overall, based on the available data, DT Midstream Inc seems to be improving its inventory turnover efficiency, but further information on sales outstanding and payables days is needed to provide a comprehensive analysis of the company's working capital management.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 0.24 | 0.24 | 0.21 |
| Total asset turnover | 0.10 | 0.10 | 0.10 | 0.10 | 0.09 |
DT Midstream Inc's Fixed Asset Turnover has shown a slight improvement over the past years, increasing from 0.21 in 2020 to 0.24 in 2021 and maintaining this level through 2022. However, the fixed asset turnover ratio for 2023 and 2024 is not available, which may indicate potential data gaps or changes in the company's reporting practices.
In terms of Total Asset Turnover, DT Midstream Inc has maintained a consistent ratio of 0.10 from 2021 through 2024. This indicates that the company generates $0.10 in revenue for every dollar of assets it holds, reflecting reasonable efficiency in utilizing its total assets to generate sales. It is important for the company to monitor and improve its fixed asset turnover over time to ensure optimal utilization of its fixed assets in generating revenue.