DT Midstream Inc (DTM)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 471,000 | 467,000 | 464,000 | 484,000 | 478,000 | 472,000 | 457,000 | 406,000 | |||
| Total assets | US$ in thousands | 8,982,000 | 8,862,000 | 8,726,000 | 8,981,000 | 8,833,000 | 8,419,000 | 8,290,000 | 8,211,000 | 8,166,000 | 8,127,000 | 7,990,000 |
| Operating ROA | 5.24% | 5.27% | 5.32% | 5.39% | 5.41% | 5.61% | 5.51% | 4.94% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $471,000K ÷ $8,982,000K
= 5.24%
DT Midstream Inc's operating return on assets (ROA) has shown relatively stable performance over the past eight quarters. The operating ROA has ranged from 5.13% to 5.33%, with the most recent value in Q4 2023 at 5.20%. This indicates that, on average, the company generates approximately 5.20 cents in operating profit for every dollar of assets it holds.
The slight fluctuations in the operating ROA indicate that DT Midstream Inc has been able to effectively utilize its assets to generate operating income consistently. The consistency in the operating ROA suggests that the company has been managing its operations efficiently, achieving a relatively stable return on its asset base. However, it's important to further analyze the components of operating ROA, such as operating profit margin and asset turnover, to gain a deeper understanding of the company's operational efficiency.
Peer comparison
Dec 31, 2023