DT Midstream Inc (DTM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 981,000 | 922,000 | 920,000 | 840,000 | 754,000 |
| Total assets | US$ in thousands | 9,935,000 | 8,982,000 | 8,833,000 | 8,166,000 | 8,342,000 |
| Total asset turnover | 0.10 | 0.10 | 0.10 | 0.10 | 0.09 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $981,000K ÷ $9,935,000K
= 0.10
Total asset turnover for DT Midstream Inc has been relatively stable over the past five years, ranging from 0.09 to 0.10. This ratio indicates that for every dollar of assets the company holds, it generates between $0.09 to $0.10 of revenue.
A total asset turnover ratio of 0.10 suggests that the company efficiently utilizes its assets to generate sales. However, it is essential to consider industry benchmarks and trends to provide a more comprehensive analysis of the company's asset utilization efficiency compared to its peers.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
DT Midstream Inc
DTM
0.10
Antero Midstream Partners LP
AM
0.19
Archrock Inc
AROC
0.31
Kinder Morgan Inc
KMI
0.21
Targa Resources Inc
TRGP
0.72
Williams Companies Inc
WMB
0.19