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DTE (DTE Energy Co) EBIT : $2,441 Mil (TTM As of Sep. 2024)


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What is DTE Energy Co EBIT?

DTE Energy Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $608 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $2,441 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DTE Energy Co's annualized ROC % for the quarter that ended in Sep. 2024 was 5.71%. DTE Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 7.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DTE Energy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.10%.


DTE Energy Co EBIT Historical Data

The historical data trend for DTE Energy Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

DTE Energy Co EBIT Chart

DTE Energy Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,581.00 1,683.00 1,286.00 1,787.00 2,357.00

DTE Energy Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 554.00 690.00 552.00 591.00 608.00

Competitive Comparison of DTE Energy Co's EBIT

For the Utilities - Regulated Electric subindustry, DTE Energy Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DTE Energy Co's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, DTE Energy Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where DTE Energy Co's EV-to-EBIT falls into.



DTE Energy Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,441 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


DTE Energy Co  (NYSE:DTE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

DTE Energy Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=2068 * ( 1 - -33.99% )/( (47844 + 49216)/ 2 )
=2770.9132/48530
=5.71 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

DTE Energy Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2432/( ( (29618 + max(466, 0)) + (30246 + max(769, 0)) )/ 2 )
=2432/( ( 30084 + 31015 )/ 2 )
=2432/30549.5
=7.96 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1503 + 1164 + 520) - (1958 + 0 + 763)
=466

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1407 + 1391 + 573) - (1760 + 0 + 842)
=769

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

DTE Energy Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=2441/47879.159
=5.10 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


DTE Energy Co EBIT Related Terms

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DTE Energy Co Business Description

Traded in Other Exchanges
Address
One Energy Plaza, Detroit, MI, USA, 48226-1279
DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.
Executives
Trevor F Lauer officer: President and COO-DTE Electric ONE ENERGY PLAZA, DETROIT MI 48226
Lisa A. Muschong officer: Corporate Secretary ONE ENERGY PLAZA, DETROIT MI 48226
Mark W Stiers officer: President and COO - DTE Gas ONE ENERGY PLAZA, DETROIT MI 48226
Joann Chavez officer: Sr VP & Chief Legal Officer ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Robert A. Richard officer: Executive Vice President ONE ENERGY PLAZA, DETROIT MI 48226
Joi M. Harris officer: Pres. & COO - DTE Gas Company ONE ENERGY PLAZA, DETROIT MI 48226
Tracy J Myrick officer: Chief Accounting Officer ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Matthew T. Paul officer: President & COO DTE Gas Co. ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Deborah L Byers director C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Gerard M Anderson director, officer: Chairman and CEO ONE ENERGY PLAZA, LEGAL DEPARTMENT, DETROIT MI 48226
David A Thomas director ONE ENERGY PLAZA, DETROIT MI 48226
Mark C. Rolling officer: VP Controller & CAO ONE ENERGY PLAZA, DETROIT MI 48226
David E Meador officer: Vice Chairman and CAO ONE ENERGY PLAZA, DETROIT MI 48226
Peter B Oleksiak officer: Sr. Vice President and CFO ONE ENERGY PLAZA, DETROIT MI 48226
Gary Torgow director 235 EAST MAIN STREET, MIDLAND MI 48640