DTE Historical Income Statement
DTE Stock | USD 112.75 0.84 0.75% |
Historical analysis of DTE Energy income statement accounts such as Gross Profit of 4.1 B or Operating Income of 1.4 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
DTE Energy Income Statement is one of the three primary financial statements used for reporting DTE's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of DTE Energy revenue and expense. DTE Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, DTE Energy's Income Tax Expense is projected to decrease significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 2.1 B, whereas Gross Profit is forecasted to decline to about 4.1 B. Add Fundamental
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.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.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.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 tightly coupled 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 Income Tax Expense is projected to decrease significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 2.1 B, whereas Gross Profit is forecasted to decline to about 4.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.3B | 3.7B | 4.3B | 4.1B | Total Revenue | 15.0B | 19.2B | 12.7B | 8.4B |
DTE Energy income statement Correlations
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DTE Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DTE Energy income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 641M | 720M | 630M | 675M | 791M | 830.6M | |
Total Revenue | 12.7B | 12.2B | 15.0B | 19.2B | 12.7B | 8.4B | |
Gross Profit | 3.4B | 3.9B | 3.3B | 3.7B | 4.3B | 4.1B | |
Operating Income | 1.7B | 2.0B | 1.5B | 1.7B | 2.2B | 1.4B | |
Ebit | 1.7B | 2.0B | 1.5B | 1.7B | 2.4B | 1.4B | |
Ebitda | 3.1B | 3.5B | 3.0B | 3.2B | 4.0B | 2.8B | |
Net Income | 1.2B | 1.4B | 907M | 1.1B | 1.4B | 702.3M | |
Income Tax Expense | 152M | 167M | (130M) | 29M | 169M | 177.5M | |
Depreciation And Amortization | 1.3B | 1.6B | 1.5B | 1.5B | 1.6B | 1.1B | |
Other Operating Expenses | 10.9B | 10.2B | 13.4B | 17.5B | 10.4B | 8.7B | |
Cost Of Revenue | 9.3B | 8.3B | 11.6B | 15.6B | 8.4B | 5.8B | |
Total Operating Expenses | 1.7B | 1.9B | 1.8B | 1.9B | 2.0B | 2.1B | |
Income Before Tax | 1.3B | 1.5B | 656M | 1.1B | 1.6B | 956.7M | |
Total Other Income Expense Net | (383M) | (448M) | (839M) | (636M) | (1M) | (1.1M) | |
Net Income Applicable To Common Shares | 1.2B | 1.4B | 907M | 1.1B | 1.2B | 818.0M | |
Minority Interest | (22M) | (2M) | 3M | (10M) | 1M | 0.0 | |
Selling General Administrative | 414M | 410M | 431M | 457M | 9M | 8.6M | |
Net Income From Continuing Ops | 1.2B | 1.4B | 786M | 1.1B | 1.4B | 1.1B | |
Non Operating Income Net Other | 258M | 272M | (209M) | 39M | 35.1M | 33.3M | |
Tax Provision | 152M | 167M | (130M) | 29M | 169M | 103.2M | |
Interest Income | 17M | 38M | 22M | 46M | 57M | 58.8M | |
Non Recurring | 15M | 35M | 33M | (5M) | (4.5M) | (4.3M) | |
Net Interest Income | (624M) | (682M) | (608M) | (629M) | (734M) | (770.7M) | |
Reconciled Depreciation | 1.3B | 1.4B | 1.5B | 1.5B | 1.6B | 1.5B |
Pair Trading with DTE Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DTE Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DTE Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with DTE Stock
0.76 | D | Dominion Energy | PairCorr |
0.85 | ES | Eversource Energy | PairCorr |
0.8 | FE | FirstEnergy | PairCorr |
Moving against DTE Stock
0.61 | HE | Hawaiian Electric Earnings Call This Week | PairCorr |
0.42 | EDN | Empresa Distribuidora Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to DTE Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DTE Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DTE Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DTE Energy to buy it.
The correlation of DTE Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DTE Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DTE Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DTE Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 tightly coupled 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for DTE Stock analysis
When running DTE Energy's price analysis, check to measure DTE Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DTE Energy is operating at the current time. Most of DTE Energy's value examination focuses on studying past and present price action to predict the probability of DTE Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DTE Energy's price. Additionally, you may evaluate how the addition of DTE Energy to your portfolios can decrease your overall portfolio volatility.
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Is DTE Energy's industry 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.
Quarterly Earnings Growth (0.30) | Dividend Share 3.948 | Earnings Share 6.11 | Revenue Per Share 59.252 | Quarterly Revenue Growth (0.14) |
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.