FirstEnergy Corporation (FE)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,266,000 | 2,097,000 | 1,936,000 | 1,902,000 | 1,910,000 | 1,735,000 | 1,861,000 | 1,726,000 | 1,726,000 | 1,896,000 | 1,986,000 | 2,189,000 | 2,162,000 | 2,383,000 | 2,343,000 | 2,413,000 | 2,510,000 | 2,407,000 | 2,436,000 | 2,551,000 |
| 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 |
| Operating ROA | 4.65% | 4.42% | 4.11% | 4.09% | 4.14% | 3.87% | 4.12% | 3.87% | 3.80% | 4.32% | 4.48% | 4.96% | 4.86% | 5.55% | 5.53% | 5.73% | 5.93% | 5.80% | 5.96% | 6.30% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,266,000K ÷ $48,767,000K
= 4.65%
Operating return on assets (operating ROA) measures a company's ability to generate profits from its operational activities relative to its total assets. Firstenergy Corp.'s operating ROA has shown relatively stable performance over the past eight quarters, ranging from 3.87% to 4.65%.
The data indicates a generally positive trend in operating ROA, with a slight increase in recent quarters, reaching a peak of 4.65% in Q4 2023. This suggests that Firstenergy has been effectively utilizing its assets to generate operational income. The company's ability to consistently achieve ROA above 4% reflects efficient asset management and profitability in its core operations.
Overall, Firstenergy Corp.'s operating ROA demonstrates a solid financial performance and efficiency in converting its assets into operating profits. However, further analysis considering industry benchmarks and trends in comparison to competitors would provide additional insight into the company's operational effectiveness.
Peer comparison
Dec 31, 2023