DTE Energy Company (DTE)
Profitability ratios
Return on sales
| 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 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% |
| 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% |
| Pretax margin | 12.29% | 9.97% | 8.75% | 6.49% | 5.78% | 5.76% | 3.53% | 4.92% | 5.06% | 5.50% | 10.02% | 11.32% | 12.01% | 11.51% | 10.56% | 9.64% | 9.79% | 8.98% | 8.71% | 8.90% |
| Net profit margin | 10.96% | 8.99% | 8.02% | 6.15% | 5.63% | 5.79% | 4.27% | 5.59% | 5.90% | 6.25% | 9.77% | 11.02% | 11.23% | 11.30% | 10.13% | 9.10% | 9.23% | 8.24% | 8.09% | 8.30% |
The profitability ratios of DTE Energy Co. show consistent improvement over the quarters. The gross profit margin, which indicates the percentage of revenue remaining after deducting the cost of goods sold, fluctuated over the quarters but remained positive. This suggests that the company effectively managed its production costs and generated a healthy gross profit.
The operating profit margin, which reflects the proportion of revenue that translates into operating income, also showed an upward trend. This signifies that DTE Energy Co. effectively controlled its operating expenses and improved its operational efficiency over time.
The pretax margin, representing the percentage of revenue that converts into profit before taxes, increased steadily. This indicates the company's ability to generate profits before accounting for income taxes and potentially signifies effective tax management strategies or a boost in operating income.
The net profit margin, which demonstrates the proportion of revenue that transforms into net income, also demonstrated positive growth throughout the quarters. This indicates that DTE Energy Co. effectively managed non-operational expenses and experienced overall profitability improvements.
Overall, the improving trend in profitability ratios suggests that DTE Energy Co. has been successful in enhancing its profitability and efficiency in generating profits over the analyzed periods.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 3.12% | 2.84% | 3.02% | 2.67% | 2.54% | 2.68% | 1.84% | 2.24% | 2.28% | 2.22% | 2.67% | 3.05% | 3.01% | 3.06% | 2.75% | 2.56% | 2.77% | 2.85% | 3.01% | 3.18% |
| Return on total capital | 7.70% | 7.17% | 7.27% | 6.36% | 6.30% | 6.31% | 4.68% | 5.26% | 5.39% | 5.42% | 5.62% | 6.36% | 6.64% | 6.42% | 6.29% | 6.04% | 6.39% | 7.71% | 7.84% | 8.21% |
| Return on equity (ROE) | 12.64% | 11.46% | 12.38% | 10.66% | 10.42% | 12.52% | 8.89% | 10.20% | 10.42% | 10.23% | 10.72% | 11.35% | 11.01% | 11.04% | 10.26% | 9.37% | 10.02% | 10.18% | 10.66% | 11.00% |
DTE Energy Co.'s profitability ratios demonstrate a positive trend over the quarters analyzed. The company's Operating return on assets (Operating ROA) has shown steady improvement, increasing from 3.29% in Q2 2022 to 5.05% in Q4 2023. This indicates the company's ability to generate operating profits from its assets has strengthened consistently.
Return on assets (ROA) has also exhibited an upward trajectory, rising from 1.84% in Q2 2022 to 3.11% in Q4 2023. This metric reflects the efficiency of DTE Energy Co. in generating profits from its total assets, showing a significant improvement over the periods.
Furthermore, the Return on total capital has shown growth, increasing from 4.76% in Q2 2022 to 7.09% in Q4 2023. This ratio highlights the company's overall profitability in relation to its total invested capital.
The Return on equity (ROE) has also demonstrated a positive trend, indicating how effectively the company generates profits from shareholders' equity. The ROE has consistently increased from 8.85% in Q2 2022 to 12.62% in Q4 2023, showing a strengthening financial performance.
Overall, the progressive improvement in profitability ratios suggests that DTE Energy Co. has been effectively utilizing its assets, capital, and equity to enhance its financial performance and create value for its stakeholders.