DTE Energy Company (DTE)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,397,000	1,083,000	907,000	1,368,000	1,169,000
Total stockholders’ equity	US$ in thousands	11,050,000	10,397,000	8,705,000	12,425,000	11,672,000
ROE		12.64%	10.42%	10.42%	11.01%	10.02%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,397,000K ÷ $11,050,000K
= 12.64%

ROE, which stands for return on equity, is a key financial ratio that measures a company's profitability by evaluating how effectively it is utilizing shareholders' equity to generate profit. In the case of DTE Energy Co., the ROE has shown a consistent trend over the past five years.

In 2023, DTE Energy Co. achieved an ROE of 12.62%, which represents an increase compared to the previous year's ROE of 10.39%. This improvement indicates that the company was able to generate higher returns for its shareholders in 2023 relative to 2022.

Looking further back, we observe that the ROE for DTE Energy Co. in 2021 was similar to that of 2022, at 10.40%, showing relative stability in the company's profitability performance. In 2020, there was a slight increase in ROE to 10.99%, compared to 10.00% in 2019.

Overall, the trend in DTE Energy Co.'s ROE over the past five years demonstrates a generally positive performance in terms of generating returns for shareholders, with some fluctuations but with the recent year showing a notable increase. It is essential for stakeholders to continue monitoring ROE along with other financial metrics to assess the company's overall financial health and performance.