DT Midstream Inc (DTM)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 922,000 | 921,000 | 922,000 | 925,000 | 920,000 | 900,000 | 877,000 | 858,000 |
| Total assets | US$ in thousands | 8,982,000 | 8,862,000 | 8,726,000 | 8,981,000 | 8,833,000 | 8,419,000 | 8,290,000 | 8,211,000 |
| Total asset turnover | 0.10 | 0.10 | 0.11 | 0.10 | 0.10 | 0.11 | 0.11 | 0.10 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $922,000K ÷ $8,982,000K
= 0.10
DT Midstream Inc's total asset turnover has been relatively stable over the past eight quarters, ranging between 0.10 and 0.11. This ratio indicates that, on average, the company generates between $0.10 and $0.11 of revenue for every dollar of assets it holds.
A total asset turnover ratio of around 0.10 to 0.11 suggests that DT Midstream Inc may not be efficiently utilizing its assets to generate sales. A higher total asset turnover ratio generally indicates better efficiency in asset utilization.
It would be beneficial for DT Midstream Inc to analyze its operations and explore ways to improve the utilization of its assets to generate more revenue. This could involve improving operational efficiency, optimizing resource allocation, or potentially divesting underperforming assets.
Peer comparison
Dec 31, 2023