DT Midstream Inc (DTM)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | 73.83 | 40.91 | 26.65 | 20.73 | 42.43 | 22.31 | 11.95 | 8.64 | 18.00 | 7.67 | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | — | — | — | — | — | — | — | 3.17 | 2.62 | 3.38 | 4.59 | 7.17 | 11.18 | 7.52 | — |
Based on the provided data, let's analyze the activity ratios of DT Midstream Inc:
1. Inventory Turnover: This ratio measures how efficiently the company is managing its inventory. DT Midstream Inc's inventory turnover has shown fluctuations over the quarters, ranging from a low of 7.67 to a high of 73.83. A higher turnover indicates that the company is selling its inventory quickly. The significant increase in the ratio from 2021 to 2023 suggests improved inventory management.
2. Receivables Turnover: Unfortunately, there is no data available for receivables turnover, which is used to evaluate how effective the company is in collecting its receivables.
3. Payables Turnover: Similarly, data is not provided for payables turnover, which measures how efficiently the company is paying its suppliers or creditors.
4. Working Capital Turnover: This ratio shows how well the company is utilizing its working capital to generate sales. DT Midstream Inc's working capital turnover has declined steadily from 2021 through 2022, indicating a decrease in sales generated per unit of working capital. A higher turnover is desirable as it signifies a more effective use of working capital.
In conclusion, based on the available data, DT Midstream Inc has shown improvements in inventory turnover and a declining trend in working capital turnover. However, without information on receivables and payables turnover, a comprehensive assessment of the company's overall activity efficiency cannot be provided.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 4.94 | 8.92 | 13.70 | 17.61 | 8.60 | 16.36 | 30.55 | 42.25 | 20.28 | 47.61 | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
DT Midstream Inc's days of inventory on hand (DOH) saw fluctuations over the period analyzed, ranging from a high of 47.61 days in June 2021 to a low of 4.94 days in September 2023. This indicates that the company managed its inventory levels more efficiently towards the latter part of the period.
The days of sales outstanding (DSO) data for DT Midstream Inc was not available for analysis in the provided data. DSO typically provides insight into how quickly the company is collecting its accounts receivable, which is crucial for managing cash flow effectively.
The number of days of payables for DT Midstream Inc was also not available for analysis in the provided data. This ratio helps in understanding how long it takes the company to pay its outstanding bills to suppliers.
In conclusion, based on the available data, DT Midstream Inc showed improvements in its inventory management efficiency over the period analyzed. However, a more comprehensive analysis including DSO and the number of days of payables would provide a more holistic view of the company's activity ratios.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | — |
| Total asset turnover | 0.10 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.11 | 0.10 | 0.10 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.75 |
DT Midstream Inc's Fixed Asset Turnover has been relatively stable over the years, ranging between 0.21 to 0.25. This indicates that the company generates approximately $0.21 to $0.25 in sales for every dollar invested in fixed assets.
On the other hand, the Total Asset Turnover ratio has been consistently low, hovering around 0.10 to 0.11, which suggests that the company is not generating a significant amount of sales for every dollar of total assets it holds.
Overall, the trend in both ratios implies that DT Midstream Inc may need to optimize its asset utilization to improve revenue generation efficiency and increase profitability in the long term.