DTE Energy Company (DTE)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,404,000 | 1,531,000 | 1,386,000 | 1,265,000 | 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 |
| Total assets | US$ in thousands | 48,846,000 | 49,806,000 | 47,811,000 | 45,902,000 | 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 |
| ROA | 2.87% | 3.07% | 2.90% | 2.76% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,404,000K ÷ $48,846,000K
= 2.87%
DTE Energy Company's return on assets (ROA) has fluctuated over the periods provided in the data. The ROA started at 2.56% on March 31, 2020, and gradually increased to 3.06% by September 30, 2020. However, there was a slight dip in ROA to 3.01% by December 31, 2020. The ROA remained relatively stable around the 3% mark until June 30, 2021, where it decreased to 2.67%.
Subsequently, there was a notable decrease in ROA to 2.22% by September 30, 2021, and further to 2.28% by December 31, 2021. The trend continued with ROA declining to 1.84% on June 30, 2022, before rebounding to 2.68% by September 30, 2022. ROA experienced fluctuations over the next few quarters, reaching a peak of 3.12% on December 31, 2023.
However, in the most recent periods, ROA decreased to 2.76% by March 31, 2024, and then increased to 2.90% by June 30, 2024. The trend continued with ROA reaching 3.07% by September 30, 2024, before slightly declining to 2.87% by December 31, 2024.
Overall, DTE Energy Company's ROA demonstrates variability, indicating fluctuations in the company's ability to generate profits relative to its total assets. It is essential for investors and stakeholders to closely monitor these changes to assess the company's efficiency in utilizing its assets to generate returns.
Peer comparison
Dec 31, 2024