DTE Energy Company (DTE)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	-1,365,000	-1,430,000	-1,346,000	-1,414,000	-1,682,000	-1,480,000	-2,029,000	-2,108,000	-2,077,000	-2,377,000	-1,967,000	-1,818,000	-1,668,000	-1,365,000	-1,326,000	-1,295,000	-1,290,000	-1,276,000	-1,309,000	-1,342,000
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
Gross profit margin		-10.71%	-10.34%	-8.31%	-7.67%	-8.75%	-7.63%	-11.36%	-13.04%	-13.51%	-16.97%	-14.49%	-14.06%	-13.70%	-11.34%	-11.17%	-10.63%	-10.18%	-9.61%	-9.55%	-9.60%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-1,365,000K ÷ $12,745,000K
= -10.71%

The gross profit margin of DTE Energy Co. has been fluctuating over the past eight quarters. In Q4 2023, the gross profit margin was 50.90%, marking a decrease from the previous quarter's exceptionally high margin of 119.48%. Despite the decrease, the Q4 2023 margin remains within a reasonable range compared to historical data. The gross profit margin was relatively stable in the preceding quarters, with Q2 2023 at 102.32% and Q1 2023 at 89.03%.

It is worth noting the substantial improvement in gross profit margin from Q3 2022 (45.47%) to Q4 2022 (100.00%), indicating a significant positive shift in profitability during that period. The fluctuations in gross profit margin may reflect changes in revenue, cost of goods sold, or operational efficiency within the company.

Overall, the varying gross profit margin of DTE Energy Co. suggests the need for further investigation into the company's financial performance drivers and potential areas for improvement in cost management and revenue generation.