FirstEnergy Corporation (FE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,472,000 | 12,870,000 | 12,459,000 | 11,132,000 | 10,790,000 |
| Total assets | US$ in thousands | 52,044,000 | 48,767,000 | 46,108,000 | 45,432,000 | 44,464,000 |
| Total asset turnover | 0.26 | 0.26 | 0.27 | 0.25 | 0.24 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,472,000K ÷ $52,044,000K
= 0.26
FirstEnergy Corporation's total asset turnover has shown a steady increase from 0.24 in December 31, 2020, to 0.25 in December 31, 2021, further rising to 0.27 in December 31, 2022, before slightly declining to 0.26 in both December 31, 2023, and December 31, 2024. This indicates that the company is generating more revenue relative to its total assets over the five-year period, reflecting improved efficiency in asset utilization. The upward trend in total asset turnover suggests that FirstEnergy is effectively leveraging its assets to generate sales, which could potentially lead to improved profitability and shareholder value in the long run.
Peer comparison
Dec 31, 2024