DT Midstream Inc (DTM)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 12.14 | 9.24 | — | |
| DOH | days | — | — | 30.07 | 39.50 | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for DT Midstream Inc shows a fluctuating trend over the years. In 2021, the company held inventory for an average of 39.50 days, indicating a relatively high level of inventory relative to its sales levels. By the end of 2022, the DOH decreased to 30.07 days, suggesting an improvement in inventory management efficiency.
However, the data also shows that there were no specific values available for DOH in 2020, 2023, and 2024, which could be due to various factors affecting inventory levels during those periods. It is essential for the company to monitor and manage its inventory effectively to strike a balance between having enough inventory to meet demand and minimizing holding costs.
Overall, the downward trend in DOH from 2021 to 2022 suggests that DT Midstream Inc has made progress in optimizing its inventory management practices.
Peer comparison
Dec 31, 2024