DT Midstream Inc (DTM)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 981,000 | 976,000 | 962,000 | 942,000 | 922,000 | 921,000 | 922,000 | 925,000 | 920,000 | 900,000 | 877,000 | 858,000 | 840,000 | 825,000 | 816,000 | 782,000 | 754,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 4,390,000 | 4,181,000 | 4,000,000 | 3,806,000 | 3,666,000 | 3,500,000 | 3,482,000 | 3,490,000 | 3,483,000 | 3,506,000 | 3,502,000 | — |
| Fixed asset turnover | — | — | — | — | — | 0.21 | 0.22 | 0.23 | 0.24 | 0.25 | 0.25 | 0.25 | 0.24 | 0.24 | 0.23 | 0.22 | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $981,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. DT Midstream Inc's fixed asset turnover has fluctuated over the past several quarters, ranging from 0.22 to 0.25. A higher fixed asset turnover generally indicates that the company is using its fixed assets more efficiently to generate sales.
In the case of DT Midstream Inc, the trend shows a slight improvement in fixed asset turnover from 0.22 in March 2021 to 0.25 in March 2022, remaining relatively stable at 0.24-0.25 until September 2023. However, there has been a decline in the ratio to 0.21 by September 2023, suggesting a potential decrease in the company's ability to generate sales from its fixed assets efficiently.
Moreover, the absence of data for the last quarter of 2023 and subsequent years indicates a lack of information for a comprehensive analysis. It would be important to monitor future data to assess whether this decline in fixed asset turnover is a temporary fluctuation or a more concerning trend that may warrant further investigation by stakeholders.
Peer comparison
Dec 31, 2024