DT Midstream Inc (DTM)
Working capital 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 current assets | US$ in thousands | 272,000 | 200,000 | 210,000 | 249,000 | 262,000 | 533,000 | 515,000 | 442,000 | 360,000 | 310,000 | 180,000 |
| Total current liabilities | US$ in thousands | 434,000 | 424,000 | 361,000 | 698,000 | 614,000 | 249,000 | 180,000 | 188,000 | 177,000 | 195,000 | 107,000 |
| Working capital turnover | — | — | — | — | — | 3.17 | 2.62 | 3.38 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $922,000K ÷ ($272,000K – $434,000K)
= —
Based on the provided data, the working capital turnover ratio for DT Midstream Inc has shown some fluctuations over the past few quarters. In Q2 2022, the working capital turnover ratio was 2.62, indicating that the company generated $2.62 in revenue for every dollar of working capital invested. This ratio increased to 3.38 in Q1 2022, suggesting an improvement in the efficiency of utilizing working capital.
Unfortunately, there is no data available for the working capital turnover ratio in the last two quarters of 2023, so it is challenging to provide a comprehensive trend analysis. However, it is essential to note that a higher working capital turnover ratio generally indicates more efficient operations and better utilization of resources. Further data points would be needed to assess the overall performance and trends of DT Midstream Inc in managing its working capital effectively.
Peer comparison
Dec 31, 2023