FirstEnergy Corporation (FE)

Total 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
Total assets US$ in thousands 52,044,000 50,756,000 51,021,000 51,299,000 48,767,000 47,471,000 47,065,000 46,479,000 46,108,000 44,851,000 45,120,000 44,617,000 45,432,000 43,854,000 44,363,000 44,117,000 44,464,000 42,922,000 42,403,000 42,090,000
Total asset turnover 0.26 0.26 0.26 0.25 0.26 0.27 0.27 0.27 0.27 0.27 0.26 0.26 0.25 0.25 0.25 0.24 0.24 0.25 0.26 0.26

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,472,000K ÷ $52,044,000K
= 0.26

FirstEnergy Corporation's total asset turnover has hovered around the range of 0.24 to 0.27 over the past few years, indicating that the company generates revenue relative to its total assets at approximately 0.24 to 0.27 times annually. The stability in this metric suggests consistent efficiency in utilizing its assets to generate sales. A total asset turnover ratio of less than 1 can indicate that the company may have a large amount of assets relative to its revenue, which may be a flag for further investigation into asset management strategies. However, context such as industry norms and the company's specific business model should be considered to provide a more holistic interpretation of this ratio.