DT Midstream Inc (DTM)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 922,000 | 920,000 | 840,000 |
| Total current assets | US$ in thousands | 272,000 | 262,000 | 360,000 |
| Total current liabilities | US$ in thousands | 434,000 | 614,000 | 177,000 |
| Working capital turnover | — | — | 4.59 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $922,000K ÷ ($272,000K – $434,000K)
= —
The working capital turnover ratio for DT Midstream Inc was not available for the years ending December 31, 2023, and December 31, 2020. However, in 2021, the company achieved a working capital turnover ratio of 4.59. This indicates that for every dollar of working capital, DT Midstream was able to generate $4.59 of revenue during the year. A higher working capital turnover ratio generally signifies efficient utilization of working capital to drive sales. The absence of data for 2023 and 2020 limits a comprehensive trend analysis, but the notable ratio in 2021 suggests strong operational efficiency in that particular year.
Peer comparison
Dec 31, 2023