DT Midstream Inc (DTM)
Working capital 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 current assets | US$ in thousands | 310,000 | 272,000 | 262,000 | 360,000 | 483,000 |
| Total current liabilities | US$ in thousands | 321,000 | 434,000 | 614,000 | 177,000 | 3,288,000 |
| Working capital turnover | — | — | — | 4.59 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $981,000K ÷ ($310,000K – $321,000K)
= —
The working capital turnover ratio for DT Midstream Inc has shown variability over the years. In 2021, the company's working capital turnover was 4.59, indicating that the company generated $4.59 in revenue for every dollar of working capital invested. However, in 2020, 2022, 2023, and 2024, the working capital turnover was not provided (indicated as "—"), making it difficult to assess the efficiency of the company's working capital management in those years. It is important to monitor the working capital turnover ratio consistently to evaluate the company's ability to efficiently use its working capital to generate sales.
Peer comparison
Dec 31, 2024