DTE Accounts Payable vs Gross Profit Analysis

DTE Stock  USD 112.14  0.84  0.75%   
DTE Energy financial indicator trend analysis is much more than just examining DTE Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DTE Energy is a good investment. Please check the relationship between DTE Energy Accounts Payable and its Gross Profit accounts. 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.

Accounts Payable vs Gross Profit

Accounts Payable vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DTE Energy Accounts Payable account and Gross Profit. At this time, the significance of the direction appears to have almost no relationship.
The correlation between DTE Energy's Accounts Payable and Gross Profit is 0.18. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Gross Profit in the same time period over historical financial statements of DTE Energy, assuming nothing else is changed. The correlation between historical values of DTE Energy's Accounts Payable and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of DTE Energy are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Accounts Payable i.e., DTE Energy's Accounts Payable and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.18
Relationship DirectionPositive 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents DTE Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of DTE Energy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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.
Most indicators from DTE Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.As of March 28, 2024, Selling General Administrative is expected to decline to about 356.7 M. In addition to that, Tax Provision is expected to decline to about 103.2 M
 2021 2022 2023 2024 (projected)
Gross Profit3.3B3.7B4.3B4.1B
Total Revenue15.0B19.2B12.7B8.4B

DTE Energy fundamental ratios Correlations

0.940.91-0.260.820.850.920.520.910.490.880.160.930.370.160.850.730.920.870.540.270.950.810.870.60.95
0.940.97-0.270.740.950.980.540.970.660.850.341.00.220.340.850.630.990.760.450.310.990.730.830.450.93
0.910.97-0.290.780.870.990.541.00.510.810.310.970.320.310.760.680.960.680.40.420.980.80.730.540.94
-0.26-0.27-0.29-0.22-0.2-0.33-0.92-0.290.09-0.40.13-0.25-0.270.13-0.35-0.23-0.28-0.34-0.6-0.39-0.29-0.36-0.44-0.1-0.44
0.820.740.78-0.220.540.770.490.790.110.85-0.230.730.5-0.230.710.620.680.740.520.090.790.790.690.840.82
0.850.950.87-0.20.540.890.450.860.850.740.450.950.050.450.820.550.940.670.30.230.910.550.760.230.82
0.920.980.99-0.330.770.890.580.990.540.850.30.980.220.30.80.660.970.710.40.350.980.770.760.480.95
0.520.540.54-0.920.490.450.580.540.10.64-0.070.520.3-0.070.640.430.540.50.710.360.560.580.680.310.67
0.910.971.0-0.290.790.860.990.540.510.820.290.970.330.290.760.690.960.690.40.410.980.810.730.550.94
0.490.660.510.090.110.850.540.10.510.420.560.67-0.270.560.610.220.660.370.03-0.020.580.130.49-0.140.39
0.880.850.81-0.40.850.740.850.640.820.42-0.060.830.33-0.060.940.60.810.840.620.060.860.730.880.570.85
0.160.340.310.13-0.230.450.3-0.070.290.56-0.060.36-0.331.00.090.010.41-0.14-0.060.530.30.00.13-0.350.14
0.931.00.97-0.250.730.950.980.520.970.670.830.360.20.360.830.630.990.740.410.310.990.720.80.440.92
0.370.220.32-0.270.50.050.220.30.33-0.270.33-0.330.2-0.330.220.610.160.380.50.460.270.680.330.790.38
0.160.340.310.13-0.230.450.3-0.070.290.56-0.061.00.36-0.330.090.010.41-0.14-0.060.530.30.00.13-0.350.14
0.850.850.76-0.350.710.820.80.640.760.610.940.090.830.220.090.570.820.780.630.040.840.660.930.440.79
0.730.630.68-0.230.620.550.660.430.690.220.60.010.630.610.010.570.580.470.340.350.640.880.50.710.72
0.920.990.96-0.280.680.940.970.540.960.660.810.410.990.160.410.820.580.740.440.350.990.690.810.380.91
0.870.760.68-0.340.740.670.710.50.690.370.84-0.140.740.38-0.140.780.470.740.640.030.770.60.860.510.8
0.540.450.4-0.60.520.30.40.710.40.030.62-0.060.410.5-0.060.630.340.440.640.320.490.60.820.50.53
0.270.310.42-0.390.090.230.350.360.41-0.020.060.530.310.460.530.040.350.350.030.320.330.450.220.170.39
0.950.990.98-0.290.790.910.980.560.980.580.860.30.990.270.30.840.640.990.770.490.330.770.830.510.94
0.810.730.8-0.360.790.550.770.580.810.130.730.00.720.680.00.660.880.690.60.60.450.770.670.840.81
0.870.830.73-0.440.690.760.760.680.730.490.880.130.80.330.130.930.50.810.860.820.220.830.670.460.81
0.60.450.54-0.10.840.230.480.310.55-0.140.57-0.350.440.79-0.350.440.710.380.510.50.170.510.840.460.57
0.950.930.94-0.440.820.820.950.670.940.390.850.140.920.380.140.790.720.910.80.530.390.940.810.810.57
Click cells to compare fundamentals

DTE Energy Account Relationship Matchups

DTE Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding185M193M194M196M206M180.2M
Total Assets41.9B45.5B39.7B42.7B44.8B28.3B
Short Long Term Debt Total17.6B19.7B18.3B19.2B21.0B11.0B
Other Current Liab652M754M975M(1.1B)700M652.7M
Total Current Liabilities4.0B2.7B6.3B5.2B5.9B3.4B
Total Stockholder Equity11.7B12.4B8.7B10.4B11.1B7.6B
Property Plant And Equipment Net25.5B28.1B27.0B28.9B28.3B16.6B
Current Deferred Revenue721M368M311M2.4B380M431.0M
Net Debt17.5B19.1B18.2B19.2B20.9B10.9B
Retained Earnings6.6B7.2B3.4B3.8B4.4B3.8B
Accounts Payable1.1B1.0B1.4B1.6B1.4B932.4M
Cash93M514M28M33M26M24.7M
Non Current Assets Total38.8B42.0B36.4B38.5B41.2B25.3B
Non Currrent Assets Other182M144M2.3B4.8B7.8B8.2B
Cash And Short Term Investments93M514M28M33M26M24.7M
Net Receivables1.9B1.8B1.8B2.2B1.8B1.6B
Common Stock Total Equity5.2B5.4B5.4B6.7B7.6B8.0B
Liabilities And Stockholders Equity41.9B45.5B39.7B42.7B44.8B28.3B
Non Current Liabilities Total26.0B30.2B24.7B27.1B27.8B16.0B
Inventory759M716M858M942M1.1B700.6M
Other Current Assets214M358M413M685M350M498.1M
Other Stockholder Equity164M10.1B8M7.4B6.7B4.9B
Total Liab30.0B32.9B31.0B32.3B33.7B20.6B
Property Plant And Equipment Gross25.5B28.1B37.1B39.3B37.4B39.3B
Total Current Assets3.1B3.5B3.3B4.2B3.5B3.1B
Accumulated Other Comprehensive Income(148M)(137M)(112M)(62M)(67M)(70.4M)
Short Term Debt1.5B540M3.6B2.3B3.4B3.6B
Common Stock5.2B5.4B5.4B6.7B6.7B4.0B
Other Liab10.0B11.1B10.1B10.2B11.7B6.7B
Other Assets6.3B7.0B6.8B4.9B5.6B5.4B
Long Term Debt15.9B19.0B14.5B16.9B17.4B10.8B
Property Plant Equipment25.3B28.0B26.9B28.8B33.1B17.7B
Intangible Assets2.4B2.3B177M166M156M148.2M
Retained Earnings Total Equity6.6B7.2B3.4B3.8B4.4B4.6B
Deferred Long Term Liab4.2B4.1B3.5B4.1B4.8B5.0B
Net Tangible Assets11.7B12.4B8.7B10.4B9.4B11.4B

DTE Energy Investors Sentiment

The influence of DTE Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in DTE. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to DTE Energy's public news can be used to forecast risks associated with an investment in DTE. The trend in average sentiment can be used to explain how an investor holding DTE can time the market purely based on public headlines and social activities around DTE Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
DTE Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for DTE Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average DTE Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on DTE Energy.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DTE Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DTE Energy's short interest history, or implied volatility extrapolated from DTE Energy options trading.

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

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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.
Pair CorrelationCorrelation Matching
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 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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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
0.539
Dividend Share
3.878
Earnings Share
6.76
Revenue Per Share
61.869
Quarterly Revenue Growth
(0.24)
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.