DTE Interest Expense vs Inventory Turnover Analysis

DTE Stock  USD 111.30  4.17  3.89%   
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 Interest Expense and its Inventory Turnover 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.

Interest Expense vs Inventory Turnover

Interest Expense vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DTE Energy Interest Expense account and Inventory Turnover. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between DTE Energy's Interest Expense and Inventory Turnover is 0.41. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Inventory Turnover 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 Interest Expense and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of DTE Energy are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Interest Expense i.e., DTE Energy's Interest Expense and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
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

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

  0.86D Dominion Energy Financial Report 3rd of May 2024 PairCorr
  0.88ES Eversource Energy Financial Report 1st of May 2024 PairCorr
  0.66FE FirstEnergy Financial Report 25th of April 2024 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.
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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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
0.539
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.