DTE Energy Company (DTE)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,243,000 | 2,049,000 | 2,056,000 | 1,842,000 | 1,748,000 | 1,701,000 | 1,561,000 | 1,620,000 | 1,495,000 | 1,448,000 | 1,522,000 | 1,543,000 | 1,555,000 | 1,602,000 | 1,573,000 | 1,610,000 | 1,707,000 | 1,624,000 | 1,603,000 | 1,632,000 |
| 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 |
| Operating profit margin | 17.60% | 14.82% | 12.70% | 9.99% | 9.09% | 8.77% | 8.74% | 10.02% | 9.73% | 10.34% | 11.21% | 11.93% | 12.77% | 13.31% | 13.25% | 13.22% | 13.47% | 12.24% | 11.70% | 11.68% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,243,000K ÷ $12,745,000K
= 17.60%
The operating profit margin of DTE Energy Co. has been showing a positive trend over the past eight quarters. The company's operating profit margin has gradually increased from 7.80% in Q2 2022 to 17.72% in Q4 2023. This indicates an improvement in the operational efficiency and profitability of the company.
The consistent growth in the operating profit margin reflects DTE Energy Co.'s ability to control operating expenses effectively while generating higher revenues. The company has been able to enhance its profitability over time, which could be attributed to efficient cost management strategies and potentially increased revenue streams.
The significant increase in operating profit margin from Q1 2023 to Q4 2023 suggests that DTE Energy Co. has been successful in boosting its operational performance and enhancing overall profitability. This positive trend in operating profit margin is a favorable indicator of the company's financial health and efficiency in converting revenue into profits.
Peer comparison
Dec 31, 2023