DTE Energy Company (DTE)

Return on total capital

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before interest and tax (EBIT)	US$ in thousands	2,321,000	2,357,000	1,787,000	1,407,000	2,006,000
Long-term debt	US$ in thousands	21,963,000	19,546,000	17,978,000	17,378,000	19,439,000
Total stockholders’ equity	US$ in thousands	11,699,000	11,050,000	10,397,000	8,705,000	12,425,000
Return on total capital		6.90%	7.70%	6.30%	5.39%	6.30%

December 31, 2024 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $2,321,000K ÷ ($21,963,000K + $11,699,000K)
= 6.90%

The return on total capital for DTE Energy Company has shown fluctuations over the years based on the provided data.

In the year ending December 31, 2020, the return on total capital was 6.30%, indicating that the company generated a return of 6.30% on its total invested capital during that period.

However, by the end of December 31, 2021, the return on total capital decreased to 5.39%, which suggests a decrease in the company's ability to generate returns on its total capital compared to the previous year.

Subsequently, by the end of December 31, 2022, the return on total capital improved to 6.30%, reaching the same level as in 2020.

In the following year, as of December 31, 2023, there was a significant increase in the return on total capital to 7.70%, indicating an enhanced ability of the company to generate returns on its total capital during that period.

Finally, by the end of December 31, 2024, the return on total capital slightly decreased to 6.90%, indicating a small decline in the company's ability to generate returns on its total capital compared to the previous year.

Overall, the return on total capital for DTE Energy Company has shown variations over the years, reflecting changes in the company's performance in generating returns on its total invested capital.