DT Midstream Inc (DTM)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 384,000 | 348,000 | 370,000 | 370,000 | 370,000 | 372,000 | 333,000 | 310,000 | |||
| 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 |
| ROA | 4.28% | 3.93% | 4.24% | 4.12% | 4.19% | 4.42% | 4.02% | 3.78% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $384,000K ÷ $8,982,000K
= 4.28%
Based on the historical data provided for DT Midstream Inc, the return on assets (ROA) has exhibited some fluctuations over the past eight quarters. The ROA ranged from a low of 3.78% in Q1 2022 to a high of 4.42% in Q3 2022, indicating some variability in the company's ability to generate profits relative to its total assets.
On average, the ROA for DT Midstream Inc over this period is approximately 4.14%. This suggests that, on average, the company has been able to generate a return of 4.14% on every dollar of assets employed in its operations.
The trend in ROA indicates a relatively stable performance, with minor fluctuations quarter by quarter. Investors and stakeholders may need to further investigate the factors driving these fluctuations to assess the company's ongoing operational efficiency and profitability. It is recommended to continue monitoring DT Midstream Inc's ROA trend in order to gain a clearer understanding of its financial performance and efficiency in utilizing its assets.
Peer comparison
Dec 31, 2023