FirstEnergy Corporation (FE)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 11,035,000 | 11,072,000 | 11,173,000 | 11,282,000 |
| Total assets | US$ in thousands | 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 | 42,938,000 | 42,403,000 | 42,090,000 | 42,301,000 | 41,506,000 | 40,884,000 | 40,490,000 |
| Total asset turnover | 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 | 0.26 | 0.27 | 0.27 | 0.28 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,870,000K ÷ $48,767,000K
= 0.26
The total asset turnover ratio of Firstenergy Corp. has remained relatively consistent over the past eight quarters, ranging from 0.26 to 0.27. This ratio indicates that for each dollar of total assets, the company is generating between $0.26 and $0.27 of sales revenue.
A total asset turnover ratio of around 0.26 to 0.27 suggests that Firstenergy Corp. may not be efficiently utilizing its assets to generate revenue compared to some companies in the industry which might have higher turnover ratios. A higher total asset turnover ratio generally indicates more efficient utilization of assets to generate sales.
It would be beneficial for Firstenergy Corp. to further analyze its operational efficiency and examine ways to potentially improve its asset utilization to enhance profitability and overall financial performance. Further assessment of the company's operational processes and strategies may help identify areas for improvement in asset turnover and overall performance.
Peer comparison
Dec 31, 2023