DTE Energy Company (DTE)

Total 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
Total assets	US$ in thousands	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	42,268,000	38,345,000	36,851,000	36,434,000
Total asset turnover		0.28	0.32	0.38	0.43	0.45	0.46	0.43	0.40	0.39	0.36	0.27	0.28	0.27	0.27	0.27	0.28	0.30	0.35	0.37	0.38

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,745,000K ÷ $44,755,000K
= 0.28

The total asset turnover ratio for DTE Energy Co. has shown a decreasing trend over the past eight quarters. It decreased from 0.45 in Q4 2022 to 0.28 in Q4 2023. This indicates that the company generated $0.28 in revenue for every $1 of total assets in Q4 2023. The ratio increased slightly in Q3 2023 but remained below the levels seen in earlier quarters.

The declining trend in the total asset turnover ratio suggests that DTE Energy Co. may be facing challenges in efficiently utilizing its assets to generate revenue. It is important for the company to assess its asset utilization strategies and consider ways to improve operational efficiency in order to enhance overall profitability.

Overall, the decreasing total asset turnover ratio for DTE Energy Co. indicates a potential inefficiency in generating revenue from its total assets over the past year. The company may need to focus on optimizing asset utilization to improve financial performance in the future.