DTE Energy Company (DTE)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,126,000 | 2,261,000 | 2,298,000 | 2,223,000 | 2,357,000 | 2,150,000 | 2,160,000 | 1,909,000 | 1,787,000 | 1,757,000 | 1,255,000 | 1,425,000 | 1,407,000 | 1,398,000 | 1,982,000 | 2,098,000 | 2,116,000 | 1,988,000 | 1,870,000 | 1,765,000 |
| Long-term debt | US$ in thousands | 21,963,000 | 23,635,000 | 22,460,000 | 21,633,000 | 19,546,000 | 19,123,000 | 19,221,000 | 19,368,000 | 17,978,000 | 18,846,000 | 18,255,000 | 18,249,000 | 17,378,000 | 17,222,000 | 22,909,000 | 20,432,000 | 19,439,000 | 18,660,000 | 17,997,000 | 17,398,000 |
| Total stockholders’ equity | US$ in thousands | 11,699,000 | 11,592,000 | 11,106,000 | 11,173,000 | 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 |
| Return on total capital | 6.32% | 6.42% | 6.85% | 6.78% | 7.70% | 7.17% | 7.27% | 6.36% | 6.30% | 6.31% | 4.68% | 5.26% | 5.39% | 5.42% | 5.62% | 6.36% | 6.64% | 6.42% | 6.29% | 6.04% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,126,000K ÷ ($21,963,000K + $11,699,000K)
= 6.32%
Based on the provided data, DTE Energy Company's return on total capital has shown some fluctuations over the past few years. The trend indicates a general decline from an initial rate of 6.04% as of March 31, 2020, to a low of 4.68% as of June 30, 2022. However, there was a noticeable increase in the return on total capital to 7.70% as of December 31, 2023. This uptick was followed by some variability but generally maintaining a level above 6% up to December 31, 2024, where it settled at 6.32%.
Overall, the return on total capital for DTE Energy Company has displayed some volatility but has managed to recover and stabilize at a level above 6% in recent periods. This performance indicates the company's ability to generate profits from its operations relative to the total capital employed, reflecting a degree of efficiency and effectiveness in utilizing its resources for generating returns.
Peer comparison
Dec 31, 2024