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