DTE Energy Company (DTE)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 407,000 | 430,000 | 392,000 | 319,000 | 442,000 | 4,774,000 | 9,922,000 | 14,776,000 | 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 |
| Total assets | US$ in thousands | 48,846,000 | 49,806,000 | 47,811,000 | 45,902,000 | 44,755,000 | 43,730,000 | 42,921,000 | 42,518,000 | 42,683,000 | 41,954,000 | 41,314,000 | 40,360,000 | 39,719,000 | 39,435,000 | 49,636,000 | 46,699,000 | 45,496,000 | 44,439,000 | 43,739,000 | 43,232,000 |
| Total asset turnover | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.11 | 0.23 | 0.35 | 0.45 | 0.46 | 0.43 | 0.40 | 0.39 | 0.36 | 0.27 | 0.28 | 0.27 | 0.27 | 0.27 | 0.28 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $407,000K ÷ $48,846,000K
= 0.01
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. A higher total asset turnover indicates that the company is utilizing its assets more effectively to generate revenue.
Analyzing the total asset turnover of DTE Energy Company from March 2020 to December 2024, we observe fluctuations in the ratio over time. The ratio ranged from a low of 0.01 to a high of 0.46 during this period.
In the early quarters of the period, from March 2020 to March 2022, the total asset turnover remained relatively stable, hovering around the range of 0.27 to 0.40. This suggested that DTE Energy was efficiently utilizing its assets to generate sales.
However, a significant increase in total asset turnover was observed in the later quarters, especially in the third and fourth quarters of 2022, where the ratio spiked to 0.46 and 0.45, respectively. This sharp increase indicated a significant improvement in the company's asset utilization efficiency during this period.
Subsequently, from March 2023 to December 2024, there was a drastic decline in the total asset turnover, falling to as low as 0.01. This substantial decrease could be a cause for concern as it suggests a potential decline in the company's ability to generate sales revenue from its assets efficiently.
In conclusion, while DTE Energy Company showed fluctuations in its total asset turnover over the period analyzed, it experienced both periods of strong asset utilization efficiency and concerning declines. Further investigation into the reasons behind these fluctuations would be necessary to assess the company's overall operational performance and asset management strategies.
Peer comparison
Dec 31, 2024