DTE Energy Company (DTE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,404,000 | 1,397,000 | 1,083,000 | 907,000 | 1,368,000 |
| Total assets | US$ in thousands | 48,846,000 | 44,755,000 | 42,683,000 | 39,719,000 | 45,496,000 |
| ROA | 2.87% | 3.12% | 2.54% | 2.28% | 3.01% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,404,000K ÷ $48,846,000K
= 2.87%
Based on the provided data, DTE Energy Company's Return on Assets (ROA) has shown some fluctuation over the years.
At the end of December 31, 2020, the ROA was reported at 3.01%, indicating that for every dollar of assets the company had, it generated a profit of 3.01 cents.
However, by the end of December 31, 2021, the ROA decreased to 2.28%, suggesting a decline in the company's ability to generate profit from its assets.
In the following year, by December 31, 2022, the ROA increased to 2.54%, showing a slight improvement in the company's asset efficiency.
By December 31, 2023, the ROA rose to 3.12%, reaching a level slightly above the initial ROA in 2020, indicating that the company was able to generate more profit from its assets.
Nonetheless, by the end of December 31, 2024, the ROA dropped to 2.87%, indicating a slight decrease in the company's efficiency in utilizing its assets to generate profit.
In summary, DTE Energy Company's ROA has shown variability over the years, with fluctuations in asset efficiency and profitability levels. It is important for the company to monitor and analyze these changes to ensure optimal utilization of its assets for sustained financial performance.
Peer comparison
Dec 31, 2024