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.
Peer comparison
Dec 31, 2024