DTE Energy Company (DTE)
Operating return on assets (Operating ROA)
| 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 |
| 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 |
| Operating ROA | 5.01% | 4.69% | 4.79% | 4.33% | 4.10% | 4.05% | 3.78% | 4.01% | 3.76% | 3.67% | 3.07% | 3.30% | 3.42% | 3.60% | 3.60% | 3.72% | 4.04% | 4.24% | 4.35% | 4.48% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,243,000K ÷ $44,755,000K
= 5.01%
Based on the operating return on assets (operating ROA) data provided for DTE Energy Co. from Q1 2022 to Q4 2023, we observe fluctuations in the company's performance. The operating ROA has shown a general increasing trend from Q1 2022 to Q4 2023, indicating an improvement in DTE Energy Co.'s ability to generate operating profits from its assets.
In Q4 2023, DTE Energy Co. achieved an operating ROA of 5.05%, the highest in the data set, possibly reflecting efficient management of its operating assets to generate profits. This was an increase from the previous quarter's operating ROA of 4.63% in Q3 2023.
The overall improvement in operating ROA signifies the company's effectiveness in utilizing its assets to generate operating income. It suggests that DTE Energy Co. has been able to enhance operational efficiency and profitability over the period under review.
It is important for stakeholders to monitor the operating ROA trend continuously to assess DTE Energy Co.'s operational performance and the effectiveness of asset utilization in driving profitability.
Peer comparison
Dec 31, 2023