FirstEnergy Corporation (FE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 978,000 | 1,102,000 | 406,000 | 1,283,000 | 1,079,000 |
| Total assets | US$ in thousands | 52,044,000 | 48,767,000 | 46,108,000 | 45,432,000 | 44,464,000 |
| ROA | 1.88% | 2.26% | 0.88% | 2.82% | 2.43% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $978,000K ÷ $52,044,000K
= 1.88%
FirstEnergy Corporation's return on assets (ROA) has shown fluctuations over the past five years. In 2020, the ROA was at 2.43%, indicating that the company generated $2.43 in profit for every $100 in assets. There was a slight increase in ROA to 2.82% in 2021, suggesting improved asset utilization or profitability.
However, in 2022, there was a notable decline in ROA to 0.88%, indicating potential challenges in generating profit from its assets or managing asset efficiency. The company partially recovered in 2023 with an ROA of 2.26%, although it did not reach the levels seen in 2021.
By the end of 2024, FirstEnergy Corporation's ROA decreased again to 1.88%, suggesting a slight decrease in either profitability or asset utilization efficiency.
Overall, the trend in ROA for FirstEnergy Corporation shows variability over the years, indicating potential fluctuations in the company's ability to generate returns from its assets efficiently. It would be important to further investigate the factors contributing to these fluctuations to understand the company's financial performance better.
Peer comparison
Dec 31, 2024