FirstEnergy Corporation (FE)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,266,000 | 1,910,000 | 1,726,000 | 2,162,000 | 2,510,000 |
| Total assets | US$ in thousands | 48,767,000 | 46,108,000 | 45,432,000 | 44,464,000 | 42,301,000 |
| Operating ROA | 4.65% | 4.14% | 3.80% | 4.86% | 5.93% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,266,000K ÷ $48,767,000K
= 4.65%
Firstenergy Corp.'s operating return on assets (operating ROA) has shown a declining trend over the past five years, falling from 5.93% in 2019 to 4.65% in 2023. This decrease indicates that the company's operating efficiency and profitability in generating profit from its assets have weakened over the period. However, it is important to note that Firstenergy Corp. still maintains a positive operating ROA, implying that it is generating a profit from its operations relative to its total assets, albeit at a decreasing rate. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational performance and efficiency.
Peer comparison
Dec 31, 2023