FirstEnergy Corporation (FE)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,472,000 | 13,442,000 | 13,200,000 | 12,926,000 | 12,870,000 | 12,901,000 | 12,889,000 | 12,701,000 | 12,459,000 | 11,942,000 | 11,591,000 | 11,395,000 | 11,132,000 | 11,009,000 | 10,907,000 | 10,807,000 | 10,790,000 | 10,926,000 | 10,867,000 | 10,861,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,231,000 | 37,149,000 | 36,630,000 | 1,693,000 | 35,572,000 | 35,367,000 | 34,996,000 | 34,744,000 | 34,305,000 | 34,017,000 | 33,640,000 | 33,339,000 | 32,901,000 | 32,408,000 | 32,005,000 |
| Fixed asset turnover | — | — | — | — | — | 5.78 | 0.35 | 0.35 | 7.36 | 0.34 | 0.33 | 0.33 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.33 | 0.34 | 0.34 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $13,472,000K ÷ $—K
= —
The fixed asset turnover ratio is a key financial metric that measures a company's ability to generate revenue from its investment in fixed assets such as property, plant, and equipment. For FirstEnergy Corporation, the fixed asset turnover ratio has fluctuated over the past few years, ranging from 0.32 to 7.36.
From March 31, 2020, to June 30, 2022, the fixed asset turnover ratio remained relatively stable, averaging around 0.33. This indicates that FirstEnergy was generating approximately $0.33 in revenue for every dollar invested in fixed assets during this period.
However, there was a significant anomaly in the ratio reported for December 31, 2022, where the ratio spiked to 7.36. This exceptionally high ratio suggests that FirstEnergy experienced a substantial increase in revenue relative to its fixed asset base during that period.
Subsequently, the fixed asset turnover ratio decreased in the following quarters, reaching 0.35 in June 30, 2023, and falling to 5.78 in September 30, 2023. This decline may signal a potential inefficiency in utilizing fixed assets to generate revenue.
The absence of data for the fixed asset turnover ratio from December 31, 2023, onwards limits a comprehensive analysis of the trend beyond that period. It is important to monitor future reports to assess whether the fluctuation in the fixed asset turnover ratio is indicative of a long-term trend or temporary fluctuations in the company's operational performance.
Peer comparison
Dec 31, 2024