DT Midstream Inc (DTM)

Return on total capital

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 638,000 634,000 627,000 628,000 607,000 592,000 571,000 527,000
Long-term debt US$ in thousands 3,065,000 3,064,000 3,062,000 3,061,000 3,059,000 3,058,000 3,057,000 3,033,000 3,036,000 3,037,000 3,037,000
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
Return on total capital 8.86% 8.88% 8.81% 8.87% 8.59% 8.41% 8.18% 7.61%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $638,000K ÷ ($3,065,000K + $4,139,000K)
= 8.86%

DT Midstream Inc's return on total capital has been relatively stable over the past eight quarters, ranging from 7.99% to 8.79%. This implies that the company is generating approximately 8% to 9% return for every dollar of total capital employed. The consistency in the return on total capital indicates that the company is effectively utilizing its capital resources to generate profits. However, it is important to compare this ratio with industry benchmarks and historical performance to get a better understanding of DT Midstream Inc's overall financial health and efficiency in capital management.


Peer comparison

Dec 31, 2023