FirstEnergy Corporation (FE)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,870,000 | 12,459,000 | 11,132,000 | 10,790,000 | 11,035,000 |
| Total assets | US$ in thousands | 48,767,000 | 46,108,000 | 45,432,000 | 44,464,000 | 42,301,000 |
| Total asset turnover | 0.26 | 0.27 | 0.25 | 0.24 | 0.26 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,870,000K ÷ $48,767,000K
= 0.26
The total asset turnover of Firstenergy Corp. has fluctuated over the past five years. The ratio indicates how efficiently the company generates sales revenue from its total assets. A higher total asset turnover ratio generally signifies better efficiency in asset utilization.
In this case, the trend in the total asset turnover ratio for Firstenergy Corp. has shown some variability, ranging from 0.24 to 0.27. In 2023 and 2022, the company achieved a total asset turnover of 0.26 and 0.27, respectively, which indicates a slight improvement in asset utilization efficiency compared to the previous years.
Despite some fluctuations, the overall trend in the total asset turnover ratio for Firstenergy Corp. suggests that the company has been relatively consistent in generating sales revenue from its total assets over the period analyzed. Further analysis in conjunction with other financial metrics would be beneficial to assess the company's overall financial performance and operational efficiency.
Peer comparison
Dec 31, 2023