DT Midstream Inc (DTM)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 4,139,000 | 4,079,000 | 4,052,000 | 4,023,000 | 4,007,000 | 3,978,000 | 3,923,000 | 3,890,000 | 3,872,000 | 3,839,000 | 3,830,000 |
| ROE | 9.28% | 8.53% | 9.13% | 9.20% | 9.23% | 9.35% | 8.49% | 7.97% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $384,000K ÷ $4,139,000K
= 9.28%
The return on equity (ROE) for DT Midstream Inc over the past eight quarters has shown relatively stable performance, ranging from 7.97% to 9.35%. The ROE measures the company's profitability relative to shareholders' equity, indicating how effectively the company is generating profits from shareholders' investments.
Overall, DT Midstream Inc's ROE has remained above 8% consistently, reflecting a decent level of profitability. The slight fluctuations in ROE quarter over quarter suggest some variability in the company's earnings performance, but the general trend indicates a reasonable return on equity for shareholders.
It is important for investors and analysts to monitor ROE over time to assess the company's ability to generate profits from shareholders' equity. While the company's ROE has been relatively stable, further analysis of the company's financial statements and performance drivers would provide a more comprehensive understanding of DT Midstream Inc's profitability and efficiency in utilizing shareholder funds.
Peer comparison
Dec 31, 2023