DTE Energy Company (DTE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 11,050,000 | 10,850,000 | 10,481,000 | 10,642,000 | 10,397,000 | 8,980,000 | 8,574,000 | 8,863,000 | 8,705,000 | 8,567,000 | 12,378,000 | 12,552,000 | 12,425,000 | 12,323,000 | 11,724,000 | 11,822,000 | 11,672,000 | 10,740,000 | 10,396,000 | 10,545,000 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,397,000K ÷ $11,050,000K
= 12.64%
To analyze DTE Energy Co.'s return on equity (ROE) based on the provided data, we calculate the average ROE for the past eight quarters.
Average ROE = (12.62% + 11.43% + 12.36% + 10.64% + 10.39% + 12.48% + 8.85% + 10.17%) / 8
Average ROE = 11.41%
DTE Energy Co.'s average ROE over the past eight quarters is 11.41%. This indicates that, on average, the company generated a return of 11.41% on the equity invested by shareholders.
A consistently positive and stable ROE suggests that DTE Energy Co. is efficiently utilizing shareholder equity to generate profits. The increase in ROE from Q1 2022 to Q4 2023 indicates an improvement in the company's profitability and efficiency. However, it is essential to assess this in conjunction with other financial metrics and industry benchmarks for a more comprehensive analysis of the company's performance.
Peer comparison
Dec 31, 2023