FirstEnergy Corporation (FE)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 978,000 | 892,000 | 873,000 | 1,063,000 | 1,102,000 | 542,000 | 476,000 | 428,000 | 424,000 | 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 | 662,000 |
| Total assets | US$ in thousands | 52,044,000 | 50,756,000 | 51,021,000 | 51,299,000 | 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 | 42,922,000 | 42,403,000 | 42,090,000 |
| ROA | 1.88% | 1.76% | 1.71% | 2.07% | 2.26% | 1.14% | 1.01% | 0.92% | 0.92% | 2.76% | 3.03% | 2.77% | 2.82% | 2.50% | 2.45% | 3.04% | 2.43% | 1.69% | 1.56% | 1.57% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $978,000K ÷ $52,044,000K
= 1.88%
FirstEnergy Corporation's return on assets (ROA) has shown some fluctuations over the past few years. The ROA increased from 1.57% in March 2020 to 3.04% in March 2021, indicating a significant improvement in the company's ability to generate earnings from its assets.
Subsequently, the ROA stabilized around the range of 2.45% to 2.82% from June 2021 to December 2021, demonstrating consistency in asset utilization efficiency. However, there was a dip in ROA to 0.92% in December 2022, which may indicate a temporary decline in profitability relative to the assets employed.
Despite the decrease in the last quarter of 2022, the ROA gradually increased in the following quarters, reaching 2.26% in December 2023 and maintaining above 1.70% until the end of 2024. This suggests that FirstEnergy Corporation managed to improve its profitability relative to its assets over time.
Overall, the trend in FirstEnergy Corporation's ROA reflects varying levels of efficiency in utilizing its assets to generate profits, with some fluctuations and improvements observed in the performance metric over the analyzed period.
Peer comparison
Dec 31, 2024