DTE Energy Co (DTE Energy Co) Total Inventories

: $1,054 Mil (As of Dec. 2023)

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DTE Energy Co's total inventories for the quarter that ended in Dec. 2023 was $1,054 Mil. DTE Energy Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1,082 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. DTE Energy Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-154.16.

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 three months ended in Dec. 2023 was 45.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. DTE Energy Co's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.32.

DTE Energy Co Total Inventories Historical Data

The historical data trend for DTE Energy Co's Total Inventories 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.

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DTE Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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759.00

708.00

858.00

942.00

1,054.00

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
Total Inventories	Get a 7-Day Free Trial															942.00	806.00	938.00	1,110.00	1,054.00

DTE Energy Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

DTE Energy Co (NYSE:DTE) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

DTE Energy Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(26	+	0.75 * 1787	+	0.5 * 1054	-	33700
-	0	-	5)	/	206.357
=	-154.16

2. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1082	/	2178	*	365 / 4
	=	45.33

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

DTE Energy Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	2178	/	1082
	=	2.01

4. 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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1082	/	3394
	=	0.32

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

DTE Energy Co Total Inventories Related Terms

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DTE Energy Co (DTE Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » DTE Energy Co (NYSE:DTE) » Definitions » Total Inventories

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Traded in Other Exchanges

DGY:Germany DGY:Germany

Address

One Energy Plaza, Detroit, MI, USA, 48226-1279

Website

https://www.dteenergy.com

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.

Executives

Joann Chavez	officer: Sr VP & Chief Legal Officer	ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Deborah L Byers	director	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Lisa A. Muschong	officer: Corporate Secretary	ONE ENERGY PLAZA, DETROIT MI 48226
Tracy J Myrick	officer: Chief Accounting Officer	ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Robert A. Richard	officer: Executive Vice President	ONE ENERGY PLAZA, DETROIT MI 48226
Joi M. Harris	officer: Pres. & COO - DTE Gas Company	ONE ENERGY PLAZA, DETROIT MI 48226
Trevor F Lauer	officer: President and COO-DTE Electric	ONE ENERGY PLAZA, DETROIT MI 48226
Gerard M Anderson	director, officer: Chairman and CEO	ONE ENERGY PLAZA, LEGAL DEPARTMENT, DETROIT MI 48226
David A Thomas	director	ONE ENERGY PLAZA, DETROIT MI 48226
Mark C. Rolling	officer: VP Controller & CAO	ONE ENERGY PLAZA, DETROIT MI 48226
David E Meador	officer: Vice Chairman and CAO	ONE ENERGY PLAZA, DETROIT MI 48226
Matthew T. Paul	officer: President & COO DTE Gas Co.	ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Peter B Oleksiak	officer: Sr. Vice President and CFO	ONE ENERGY PLAZA, DETROIT MI 48226
Mark W Stiers	officer: President and COO - DTE Gas	ONE ENERGY PLAZA, DETROIT MI 48226
Gary Torgow	director	235 EAST MAIN STREET, MIDLAND MI 48640