DTE Energy Co (LTS:0I6Q) ROCE % : 5.77% (As of Sep. 2024)

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What is DTE Energy Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. DTE Energy Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.77%.

DTE Energy Co ROCE % Historical Data

The historical data trend for DTE Energy Co's ROCE % 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.

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DTE Energy Co ROCE % Chart

DTE Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.51

4.15

3.38

5.04

6.17

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
ROCE %	Get a 7-Day Free Trial															5.61	7.03	5.53	5.75	5.77

DTE Energy Co ROCE % Calculation

DTE Energy Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2357	/	( ( (42683 - 5173)	+	(44755 - 5883) )	/ 2 )
	=	2357	/	( (37510	+	38872)	/ 2 )
	=	2357	/	38191
	=	6.17 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2432	/	( ( (47811 - 6507)	+	(49806 - 6787) )	/ 2 )
	=	2432	/	( ( 41304	+	43019 )	/ 2 )
	=	2432	/	42161.5
	=	5.77 %

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

DTE Energy Co (LTS:0I6Q) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

DTE Energy Co ROCE % Related Terms

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DTE Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » DTE Energy Co (LTS:0I6Q) » Definitions » ROCE %

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Traded in Other Exchanges

DTE:USA DGY:Germany DGY:Germany

Address

One Energy Plaza, Detroit, MI, USA, 48226-1279

Website

https://www.dteenergy.com

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.

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