DT Midstream Inc (DTM)

Receivables 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
Revenue (ttm) US$ in thousands 922,000 921,000 922,000 925,000 920,000 900,000 877,000 858,000
Receivables US$ in thousands 173,000 150,000 148,000 122,000 161,000 150,000 137,000 119,000 173,000 150,000 112,000
Receivables turnover 5.33 6.14 6.23 7.58 5.71 6.00 6.40 7.21

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $922,000K ÷ $173,000K
= 5.33

The receivables turnover ratio for DT Midstream Inc has shown variability over the past eight quarters. The ratio fluctuated between 5.46 and 7.58 times during this period.

In Q1 2023, the receivables turnover was at its peak at 7.58 times, indicating that the company collected its accounts receivable 7.58 times during the quarter. This could suggest efficient management of accounts receivable, with quicker collection cycles.

However, in Q4 2023, the receivables turnover decreased to 5.46 times, reflecting a slower rate of collection compared to the previous quarter. While the ratio is still relatively healthy, the decline may be worth monitoring to ensure that the company maintains effective credit and collection practices.

Over the eight quarters analyzed, the company's receivables turnover ratio generally remained within a moderate range, indicating that DT Midstream Inc has been relatively effective in managing its accounts receivable and converting them into cash. It is essential for the company to continue monitoring this ratio to ensure efficient working capital management and timely collections.


Peer comparison

Dec 31, 2023