DTE Energy Company (DTE)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,091,000 | 2,243,000 | 1,748,000 | 1,495,000 | 1,555,000 |
| Total assets | US$ in thousands | 48,846,000 | 44,755,000 | 42,683,000 | 39,719,000 | 45,496,000 |
| Operating ROA | 4.28% | 5.01% | 4.10% | 3.76% | 3.42% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $2,091,000K ÷ $48,846,000K
= 4.28%
Based on the provided data, DTE Energy Company's operating return on assets (operating ROA) has shown an increasing trend over the years, starting at 3.42% on December 31, 2020, and peaking at 5.01% on December 31, 2023, before slightly declining to 4.28% on December 31, 2024.
This indicates that the company has been able to generate more operating income from its assets over time, reflecting improved operational efficiency and effectiveness in utilizing its assets to generate profits.
The increasing trend in operating ROA suggests that DTE Energy Company has been managing its operating activities effectively and efficiently, which is a positive indicator for shareholders and investors as it demonstrates the company's ability to generate earnings relative to its asset base. However, the slight decline in 2024 may warrant further analysis to understand the factors driving this change and whether it is a temporary fluctuation or a cause for concern.
Peer comparison
Dec 31, 2024