DT Midstream Inc (DTM)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 230,000 221,000 217,000 217,000 215,000 201,000 203,000 200,000
Payables US$ in thousands 94,000 124,000 125,000 107,000 119,000 71,000 32,000 21,000 22,000 30,000 26,000
Payables turnover 2.45 1.78 1.74 2.03 1.81 2.83 6.34 9.52

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $230,000K ÷ $94,000K
= 2.45

Based on the data provided for DT Midstream Inc, the payables turnover for all quarters in the past two years has been consistently calculated as 0.00. This indicates that the company is not effectively managing its accounts payable during these periods. A payables turnover ratio of 0.00 suggests that the company is taking an excessive amount of time to pay its suppliers or may not be meeting its financial obligations in a timely manner. This can potentially strain relationships with suppliers and impact the company's creditworthiness. DT Midstream Inc may need to review and improve its accounts payable processes to ensure efficient management of its payables in the future.


Peer comparison

Dec 31, 2023