DT Midstream Inc (DTM)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 230,000 | 215,000 | 202,000 |
| Inventory | US$ in thousands | — | 22,000 | 25,000 |
| Inventory turnover | — | 9.77 | 8.08 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $230,000K ÷ $—K
= —
Inventory turnover, a key ratio that measures how efficiently a company manages its inventory, could not be directly calculated based on the provided data. However, inventory turnover is typically calculated by dividing cost of goods sold by average inventory during a specific period. A higher inventory turnover ratio indicates that a company is selling its inventory quickly, which is generally a positive sign. Conversely, a lower ratio may suggest overstocking or slow-moving inventory, which could impact profitability and operational efficiency. To evaluate DT Midstream Inc's inventory turnover performance, further information would be needed to compute this ratio accurately and assess its trends over time.
Peer comparison
Dec 31, 2023