DTE Energy Company (DTE)

Fixed asset 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	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	12,745,000	13,827,000	16,190,000	18,430,000	19,228,000	19,399,000	17,863,000	16,168,000	15,369,000	14,010,000	13,579,000	12,933,000	12,177,000	12,037,000	11,872,000	12,177,000	12,669,000	13,271,000	13,702,000	13,973,000
Property, plant and equipment	US$ in thousands	28,169,000	27,528,000	29,696,000	29,187,000	28,767,000	28,099,000	27,735,000	27,266,000	26,944,000	26,157,000	29,140,000	28,272,000	24,499,000	27,159,000	26,724,000	26,236,000	25,317,000	23,758,000	22,297,000	21,864,000
Fixed asset turnover		0.45	0.50	0.55	0.63	0.67	0.69	0.64	0.59	0.57	0.54	0.47	0.46	0.50	0.44	0.44	0.46	0.50	0.56	0.61	0.64

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,745,000K ÷ $28,169,000K
= 0.45

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.

In the case of DTE Energy Co., the fixed asset turnover has been relatively stable over the past eight quarters, ranging from 0.45 to 0.68. The trend shows a slight decrease in the ratio from 0.67 in Q4 2022 to 0.45 in Q4 2023, with some fluctuations in between.

Overall, DTE Energy Co. seems to be experiencing some challenges in efficiently utilizing its fixed assets to generate sales, as indicated by the declining trend in the fixed asset turnover ratio. Further analysis and comparison with industry peers may provide more insights into the company's performance in this aspect.