FirstEnergy Corporation (FE)
Working capital 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 current assets | US$ in thousands | 2,568,000 | 2,415,000 | 3,237,000 | 3,714,000 | 2,444,000 |
| Total current liabilities | US$ in thousands | 5,386,000 | 3,958,000 | 4,416,000 | 5,004,000 | 4,862,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,870,000K ÷ ($2,568,000K – $5,386,000K)
= —
To calculate Firstenergy Corp.'s working capital turnover, we need the values for working capital for each year. Unfortunately, the data provided does not include the actual figures for working capital for the years ending on December 31, 2023, 2022, 2021, 2020, and 2019. Without the necessary information on working capital, we are unable to compute the working capital turnover for Firstenergy Corp. for these specific years.
The working capital turnover ratio is a financial metric used to assess how efficiently a company is utilizing its working capital to generate sales revenue. It is calculated by dividing net sales by the average working capital. A higher working capital turnover ratio indicates that the company is generating more revenue per dollar of working capital, implying better efficiency in managing its operating capital.
Therefore, without the specific figures for working capital for Firstenergy Corp., a comprehensive analysis of its working capital turnover for the years in question cannot be provided. It is recommended to obtain the necessary financial data to perform the calculation and assess the company's efficiency in terms of working capital management.
Peer comparison
Dec 31, 2023