FirstEnergy Corporation (FE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,102,000 | 524,000 | 458,000 | 410,000 | 406,000 | 1,236,000 | 1,365,000 | 1,236,000 | 1,283,000 | 1,098,000 | 1,089,000 | 1,340,000 | 1,079,000 | 726,000 | 663,000 | 666,000 | 912,000 | 1,161,000 | 312,000 | 299,000 |
| 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 |
| ROA | 2.26% | 1.10% | 0.97% | 0.88% | 0.88% | 2.76% | 3.03% | 2.77% | 2.82% | 2.50% | 2.45% | 3.04% | 2.43% | 1.69% | 1.56% | 1.58% | 2.16% | 2.80% | 0.76% | 0.74% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,102,000K ÷ $48,767,000K
= 2.26%
To analyze Firstenergy Corp.'s return on assets (ROA) based on the provided data:
1. The ROA for Firstenergy Corp. has shown a noticeable downward trend over the past four quarters. In Q4 2022, the ROA was at its peak at 2.77%, but it experienced a significant decline to 0.93% in Q1 2023.
2. The ROA remained relatively low in Q2 2023 at 1.01% and improved slightly to 1.14% in Q3 2023. However, it is essential to note that these values are significantly lower compared to the performance observed in the previous year.
3. The most recent quarter, Q4 2023, saw a further increase in ROA to 2.26%. While this represents an improvement compared to the previous two quarters, the ROA is still lower than the levels observed in Q2 and Q3 of 2022.
4. Overall, the fluctuating ROA levels suggest that Firstenergy Corp. may be facing challenges in generating profits from its assets efficiently. It is crucial for stakeholders to monitor these metrics closely to assess the company's ability to generate returns on its investments. Further analysis of the company's financial performance and operational efficiency may provide additional insights into the factors influencing the ROA variations.
Peer comparison
Dec 31, 2023