DT Midstream Inc (DTM)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 230,000 | 215,000 | 202,000 |
| Payables | US$ in thousands | 94,000 | 119,000 | 22,000 |
| Payables turnover | 2.45 | 1.81 | 9.18 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $230,000K ÷ $94,000K
= 2.45
The payables turnover ratio for DT Midstream Inc has been consistently calculated as 0.00 from December 31, 2020 to December 31, 2023. This indicates that the company is taking an extremely long time to pay its suppliers or has a very low level of accounts payable relative to its cost of goods sold. A low or zero payables turnover ratio may suggest inefficient working capital management or potential cash flow constraints within the company. Further analysis of the company's payables management practices and financial health is recommended to understand the reasons behind this consistently low ratio and to assess its impact on the overall financial performance of DT Midstream Inc.
Peer comparison
Dec 31, 2023