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DTE Energy Co (LTS:0I6Q) Total Assets : $49,806 Mil (As of Sep. 2024)


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What is DTE Energy Co Total Assets?

DTE Energy Co's Total Assets for the quarter that ended in Sep. 2024 was $49,806 Mil.

During the past 12 months, DTE Energy Co's average Total Assets Growth Rate was 9.30% per year. During the past 3 years, the average Total Assets Growth Rate was -0.20% per year. During the past 5 years, the average Total Assets Growth Rate was 2.80% per year. During the past 10 years, the average Total Assets Growth Rate was 5.90% per year.

During the past 13 years, DTE Energy Co's highest 3-Year average Total Assets Growth Rate was 18.00%. The lowest was -0.20%. And the median was 3.75%.

Total Assets is connected with ROA %. DTE Energy Co's annualized ROA % for the quarter that ended in Sep. 2024 was 3.91%. Total Assets is also linked to Revenue through Asset Turnover. DTE Energy Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.06.

DTE Energy Co Total Assets Historical Data

The historical data trend for DTE Energy Co's Total Assets 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 Total Assets Chart

DTE Energy Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42,268.00 45,496.00 39,719.00 42,683.00 44,755.00

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
Total Assets 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 43,730.00 44,755.00 45,902.00 47,811.00 49,806.00

DTE Energy Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

DTE Energy Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=11055+33700
=44,755

DTE Energy Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=11598+38208
=49,806

* 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  (LTS:0I6Q) Total Assets Explanation

Total Assets is connected with ROA %.

DTE Energy Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=1908/( (47811+49806)/ 2 )
=1908/48808.5
=3.91 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

DTE Energy Co's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=2906/( (47811+49806)/ 2 )
=2906/48808.5
=0.06

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

DTE Energy Co Total Assets 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 » Total Assets
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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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