DTE Historical Income Statement
| DTB Stock | USD 19.36 0.14 0.73% |
Historical analysis of DTE Energy income statement accounts such as Total Revenue of 11.4 B or Gross Profit of 2.5 B can show how well DTE Energy performed in making a profits. Evaluating DTE Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of DTE Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining DTE Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether DTE Energy is a good buy for the upcoming year.
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About DTE Income Statement Analysis
DTE Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to DTE Energy shareholders. The income statement also shows DTE investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
DTE Energy Income Statement Chart
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Total Revenue
Total revenue comprises all receipts DTE Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of DTE Energy minus its cost of goods sold. It is profit before DTE Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of DTE Energy. It is also known as DTE Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from DTE Energy operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of DTE Energy is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from DTE Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into DTE Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.At present, DTE Energy's Cost Of Revenue is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 2.2 B, whereas Depreciation And Amortization is forecasted to decline to about 1.1 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 669M | 717M | 853M | 597.5M | Depreciation And Amortization | 1.4B | 1.5B | 1.1B | 1.1B |
DTE Energy income statement Correlations
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DTE Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.3B | 1.3B | 1.4B | 1.5B | 1.1B | 1.1B | |
| Interest Expense | 680M | 637M | 669M | 717M | 853M | 597.5M | |
| Total Revenue | 12.6B | 11.5B | 15.1B | 19.2B | 12.7B | 11.4B | |
| Gross Profit | 2.1B | 2.1B | 2.1B | 2.3B | 4.3B | 2.5B | |
| Other Operating Expenses | 10.9B | 9.9B | 13.3B | 17.4B | 10.5B | 10.1B | |
| Operating Income | 1.7B | 1.7B | 1.7B | 1.8B | 2.2B | 1.5B | |
| Ebit | 1.7B | 1.7B | 1.3B | 1.8B | 2.3B | 1.6B | |
| Ebitda | 3.0B | 3.0B | 2.7B | 3.3B | 3.4B | 2.7B | |
| Cost Of Revenue | 10.5B | 9.5B | 12.9B | 16.9B | 8.4B | 8.9B | |
| Total Operating Expenses | 414M | 395M | 431M | 457M | 2.1B | 2.2B | |
| Income Before Tax | 1.3B | 1.1B | 656M | 1.1B | 1.6B | 1.0B | |
| Total Other Income Expense Net | (343M) | (593M) | (839M) | (737M) | (677M) | (710.9M) | |
| Net Income | 1.2B | 1.4B | 905M | 1.1B | 1.4B | 872.5M | |
| Income Tax Expense | 152M | 37M | (130M) | 29M | 169M | 171.7M | |
| Tax Provision | 77M | 152M | 167M | (130M) | (117M) | (111.2M) | |
| Interest Income | 409M | 476M | 522M | 562M | 646.3M | 511.3M | |
| Net Income Applicable To Common Shares | 1.2B | 1.4B | 907M | 1.1B | 1.2B | 1.2B | |
| Extraordinary Items | (21M) | 214M | 314M | 111M | 127.7M | 159.1M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether DTE Energy is a strong investment it is important to analyze DTE Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DTE Energy's future performance. For an informed investment choice regarding DTE Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DTE Energy. If investors know DTE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DTE Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 0.0752 |
The market value of DTE Energy is measured differently than its book value, which is the value of DTE that is recorded on the company's balance sheet. Investors also form their own opinion of DTE Energy's value that differs from its market value or its book value, called intrinsic value, which is DTE Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DTE Energy's market value can be influenced by many factors that don't directly affect DTE Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DTE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTE Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.