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