DT Midstream Inc (DTM)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Inventory turnover | — | 9.77 | 8.08 | |
| DOH | days | — | 37.35 | 45.17 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
To analyze DT Midstream Inc's days of inventory on hand (DOH) based on the data provided, it's essential to calculate the DOH ratio for each year. DOH is calculated as Inventory / (Cost of Goods Sold / 365).
Unfortunately, since the specific values for Inventory and Cost of Goods Sold are not provided in the table, we cannot compute the exact DOH ratio for each year. However, if we observe a consistent trend over the years, it could indicate stable inventory management practices.
A decreasing trend in the DOH ratio may suggest efficient inventory turnover, which could signify effective inventory management. Conversely, an increasing trend could indicate slower inventory turnover, potentially tying up capital in excess inventory.
In the absence of specific values, further analysis would be required to assess DT Midstream Inc's inventory management efficiency and its implications on the company's operational performance and financial health.
Peer comparison
Dec 31, 2023