FirstEnergy Corporation (FE)

Short-term

Turnover ratios

First, let's analyze the Inventory Turnover ratio for FirstEnergy Corporation over the past few years. The Inventory Turnover ratio measures how efficiently a company manages its inventory. We observe that the Inventory Turnover ratio has fluctuated over time, starting at 11.59 on March 31, 2020, and reaching a low of 9.07 on December 31, 2023. The ratio then increased to 13.04 by the end of December 31, 2024. A higher Inventory Turnover ratio generally indicates that the company is selling goods more quickly and turning its inventory into sales efficiently.

Next, looking at the Receivables Turnover ratio, we see that data is unavailable for all periods indicated. The Receivables Turnover ratio measures how efficiently a company collects outstanding payments from its customers. Without this data, it is challenging to assess how effective FirstEnergy Corporation is at managing its receivables.

Likewise, the Payables Turnover ratio data is also not provided for the mentioned periods. The Payables Turnover ratio assesses how efficiently a company manages its payables by comparing the purchases made on credit to the average accounts payable. Without this information, we cannot evaluate the company's payables management efficiency.

Lastly, the Working Capital Turnover ratio data is missing for all periods listed. The Working Capital Turnover ratio evaluates how efficiently a company utilizes its working capital to generate revenue. As this data is unavailable, we are unable to analyze FirstEnergy Corporation's effectiveness in deploying its working capital to drive sales.

In conclusion, while we can make some observations on the Inventory Turnover ratio, the lack of data for the Receivables Turnover, Payables Turnover, and Working Capital Turnover ratios restricts a comprehensive analysis of FirstEnergy Corporation's activity ratios.

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Average number of days

Based on the provided data, let's analyze the activity ratios for FirstEnergy Corporation:

1. Days of Inventory on Hand (DOH):
- The average days of inventory on hand for FirstEnergy Corporation have shown some fluctuations over the observed periods. In December 2023, the company had the highest days of inventory on hand at 40.22 days, indicating a longer period required to sell the inventory.
- Generally, the trend shows that the company managed to reduce its inventory holding period from March 2024 to September 2024, reaching a low of 26.86 days. However, by December 2024, the days of inventory on hand increased slightly to 27.99 days, which could signify an increase in unsold inventory.

2. Days of Sales Outstanding (DSO):
- Unfortunately, there is no data available for the Days of Sales Outstanding for FirstEnergy Corporation. This ratio helps assess how quickly the company collects its outstanding accounts receivable, but without the data, we cannot analyze this aspect of the company's activity.

3. Number of Days of Payables:
- Similar to DSO, there is no data provided for the Number of Days of Payables for the company. This ratio would typically indicate how long it takes for FirstEnergy Corporation to pay its outstanding payables, providing insight into its payment practices and liquidity management.

In summary, based on the available data, we can see that FirstEnergy Corporation has managed its inventory levels with fluctuating efficiency over the observed periods. However, the absence of data on DSO and payables limits a comprehensive analysis of the company's overall activity and working capital management.

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Long-term

The fixed asset turnover ratio for FirstEnergy Corporation has shown relatively stable performance from March 2020 to September 2022, hovering between 0.32 and 0.34. However, there was a significant spike in this ratio to 7.36 in December 2022, followed by another abnormal increase to 5.78 in September 2023. This sudden surge in fixed asset turnover may indicate a potential change in asset management or reporting practices during those periods. Subsequently, the ratio data is missing from December 2023 onwards, which makes it challenging to draw further conclusions about the company's fixed asset turnover efficiency in the latter period.

On the other hand, the total asset turnover ratio for FirstEnergy Corporation remained relatively consistent from March 2020 to March 2023, fluctuating within a narrow range of 0.24 to 0.27. However, there was a slight drop to 0.26 in June 2023 and a subsequent increase to 0.26 in December 2023. The ratio then stayed at 0.26 from March 2024 onwards. This stability in total asset turnover suggests that the company was efficient in generating sales relative to its total assets during this time frame, showcasing consistent operational performance in utilizing its assets to generate revenue.

Overall, while the fixed asset turnover ratio exhibited some abnormal spikes in certain periods, the total asset turnover ratio remained relatively stable for FirstEnergy Corporation, demonstrating efficient asset utilization and revenue generation capabilities during the analyzed periods.