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 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
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 8,166,000 8,127,000 7,990,000
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