DTE Energy Company (DTE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,397,000 | 1,243,000 | 1,298,000 | 1,134,000 | 1,083,000 | 1,124,000 | 762,000 | 904,000 | 907,000 | 876,000 | 1,327,000 | 1,425,000 | 1,368,000 | 1,360,000 | 1,203,000 | 1,108,000 | 1,169,000 | 1,093,000 | 1,108,000 | 1,160,000 |
| 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 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,397,000K ÷ $44,755,000K
= 3.12%
To analyze DTE Energy Co.'s return on assets (ROA), we will evaluate the trend and performance over the past eight quarters based on the provided data.
The ROA measures a company's ability to generate profits from its assets. A higher ROA indicates efficient utilization of assets to generate earnings. The trend analysis reveals fluctuations in DTE Energy Co.'s ROA over the quarters.
In Q4 2023, the ROA stood at 3.11%, showing an increase from the previous quarter. This improvement suggests enhanced profitability relative to the assets employed. Q3 and Q2 2023 also exhibited positive ROA figures of 2.84% and 3.02% respectively, indicating consistent performance.
Looking further back, Q1 2023 recorded an ROA of 2.66%, maintaining a relatively stable performance. In Q4 2022, the ROA was 2.53%, which followed a gradual upward trend since Q2 2022.
The first half of 2022 witnessed fluctuating ROA figures, with Q2 2022 showing a significant increase to 1.84% compared to Q1 2022's 2.23%. These variations signify changing efficiencies in utilizing assets to generate returns.
Overall, the recent quarters reflect a positive trend in DTE Energy Co.'s ROA, indicating an improving ability to generate profits in relation to its asset base. However, it is essential to monitor future ROA calculations to assess sustained performance and asset utilization efficiency.
Peer comparison
Dec 31, 2023