Days Inventory is also known as Days Sales of Inventory (DSI). DTE Energy Co's Average Total Inventories for the
three
months ended in Dec. 2023 was $1,082 Mil. DTE Energy Co's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,178 Mil.
Hence, DTE Energy Co's Days Inventory for the
three
months ended in Dec. 2023 was 45.33.
The historical rank and industry rank for DTE Energy Co's Days Inventory or its related term are showing as below:
DTE'
s Days Inventory Range Over the Past 10 Years
Min: 21.11 Med: 30.66 Max: 43.27
Current: 42.06
During the past 13 years, DTE Energy Co's highest Days Inventory was 43.27. The lowest was 21.11. And the median was 30.66.
DTE's Days Inventory is ranked worse than 73.12% of 465
companies
in the Utilities - Regulated industry
Industry Median: 22.43
vs DTE: 42.06
DTE Energy Co's Days Inventory
increased
from Dec. 2022 (25.71) to Dec. 2023 (45.33).
It might indicate that DTE Energy Co's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
DTE Energy Co's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.01.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
DTE Energy Co's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.32.
DTE Energy Co Days Inventory Historical Data
The historical data trend for DTE Energy Co's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
DTE Energy Co Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
31.32
32.87
24.58
21.11
43.27
DTE Energy Co Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
25.71
30.43
44.83
50.67
45.33
Competitive Comparison
For the Utilities - Regulated Electric subindustry, DTE Energy Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
DTE Energy Co Days Inventory Distribution
For the Utilities - Regulated industry and Utilities sector, DTE Energy Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where DTE Energy Co's Days Inventory falls into.
DTE Energy Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
DTE Energy Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
DTE Energy Co (NYSE:DTE) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
DTE Energy Co's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
DTE Energy Co's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
DTE Energy Co Days Inventory Related Terms
Thank you for viewing the detailed overview of DTE Energy Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
DTE Energy Co (DTE Energy Co) Business Description
DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.
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