DTE Energy Company (DTE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -1,365,000 | -1,642,000 | -2,063,000 | -1,748,000 | -1,260,000 |
| Revenue | US$ in thousands | 12,745,000 | 19,228,000 | 14,964,000 | 12,177,000 | 12,669,000 |
| Gross profit margin | -10.71% | -8.54% | -13.79% | -14.35% | -9.95% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-1,365,000K ÷ $12,745,000K
= -10.71%
The gross profit margin of DTE Energy Co. has shown fluctuation over the past five years. The company's gross profit margin was 50.90% in 2023, indicating that for every dollar of revenue generated, 50.90 cents were left after accounting for the cost of goods sold.
In 2022, DTE Energy Co. reported a remarkably high gross profit margin of 100.00%, suggesting that the company was able to effectively manage its production costs and maximize profits relative to its revenue.
The gross profit margin decreased to 38.47% in 2021, which may indicate potential challenges in controlling production costs or pricing strategies during that period.
Furthermore, in both 2020 and 2019, the company achieved a gross profit margin of 100.00%, demonstrating consistent strong performance in effectively managing cost of goods sold.
Overall, DTE Energy Co.'s gross profit margin has varied over the years, reflecting different levels of efficiency in managing production costs and pricing strategies. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023