DT Midstream Inc (DTM)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 981,000 | 976,000 | 962,000 | 942,000 | 922,000 | 921,000 | 922,000 | 925,000 | 920,000 | 900,000 | 877,000 | 858,000 | 840,000 | 825,000 | 816,000 | 782,000 | 754,000 |
| Total assets | US$ in thousands | 9,935,000 | 8,587,000 | 8,986,000 | 8,951,000 | 8,982,000 | 8,862,000 | 8,726,000 | 8,981,000 | 8,833,000 | 8,419,000 | 8,290,000 | 8,211,000 | 8,166,000 | 8,127,000 | 7,990,000 | 8,015,000 | 1,005,000 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $981,000K ÷ $9,935,000K
= 0.10
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investments in assets. The formula for total asset turnover is net sales divided by average total assets.
Analyzing the data provided for DT Midstream Inc from December 31, 2020, to December 31, 2024, we observe fluctuations in the total asset turnover ratio. The ratio started at 0.75 in December 2020, indicating that the company generated $0.75 in sales for every $1 of assets held.
From March 2021 to September 2022, the total asset turnover remained consistently low at 0.10. This suggests that the company was less efficient in utilizing its assets to generate sales during this period.
Starting from June 2022, there was a slight improvement in the total asset turnover ratio, with values ranging from 0.10 to 0.11 until December 2024. This uptrend indicates that DT Midstream Inc became more effective in utilizing its assets to generate revenue over time.
However, it is important to note that the total asset turnover ratio needs to be compared with industry benchmarks and historical trends to provide a more comprehensive assessment of the company's asset utilization efficiency. The fluctuations observed in the ratio may be attributed to changes in business operations, asset management strategies, or economic conditions.
Peer comparison
Dec 31, 2024