FirstEnergy (FirstEnergy) Total Assets : $51,299 Mil (As of Mar. 2024)

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What is FirstEnergy Total Assets?

FirstEnergy's Total Assets for the quarter that ended in Mar. 2024 was $51,299 Mil.

During the past 12 months, FirstEnergy's average Total Assets Growth Rate was 5.80% per year. During the past 3 years, the average Total Assets Growth Rate was 4.40% per year. During the past 5 years, the average Total Assets Growth Rate was 3.90% per year. During the past 10 years, the average Total Assets Growth Rate was -1.00% per year.

During the past 13 years, FirstEnergy's highest 3-Year average Total Assets Growth Rate was 27.00%. The lowest was -8.60%. And the median was 1.45%.

Total Assets is connected with ROA %. FirstEnergy's annualized ROA % for the quarter that ended in Mar. 2024 was 2.02%. Total Assets is also linked to Revenue through Asset Turnover. FirstEnergy's Asset Turnover for the quarter that ended in Mar. 2024 was 0.07.

FirstEnergy Total Assets Historical Data

The historical data trend for FirstEnergy's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FirstEnergy Total Assets Chart

FirstEnergy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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42,301.00

44,464.00

45,432.00

46,108.00

48,767.00

FirstEnergy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															46,479.00	47,065.00	47,471.00	48,767.00	51,299.00

FirstEnergy Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

FirstEnergy's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	10916	+	37851
	=	48,767

FirstEnergy's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	13613	+	37686
	=	51,299

FirstEnergy (NYSE:FE) Total Assets Explanation

Total Assets is connected with ROA %.

FirstEnergy's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	1012	/	( (48767	+	51299)	/ 2 )
	=	1012	/	50033
	=	2.02 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

FirstEnergy's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	3287	/	( (48767	+	51299)	/ 2 )
=	3287	/	50033
=	0.07

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

FirstEnergy Total Assets Related Terms

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FirstEnergy (FirstEnergy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » FirstEnergy Corp (NYSE:FE) » Definitions » Total Assets

Comparable Companies

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Traded in Other Exchanges

FE7:Germany

Address

76 South Main Street, Akron, OH, USA, 44308

Website

https://www.firstenergycorp.com

FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.

Executives

Christine Walker	officer: VP, Human Resources	76 SOUTH MAIN STREET, AKRON OH 44308
Brian X Tierney	director, officer: President and CEO	76 S. MAIN ST., AKRON OH 44308
Jana T Croom	director	1205 KIMBALL BLVD., JASPER IN 47546
Sean Klimczak	director	C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Paul J Kaleta	director	P O BOX 30150, RENO NV 89520
Lisa Winston Hicks	director	76 S. MAIN ST, AKRON OH 44308
Melvin D. Williams	director	76 SOUTH MAIN STREET, AKRON OH 44308
Jesse Lynn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Andrew Teno	director	C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Somerhalder John W Ii	director, officer: Vice Chair & Exec Director	76 SOUTH MAIN STREET, AKRON OH 44308
Hyun Park	officer: SVP & CLO	76 SOUTH MAIN STREET, AKRON OH 44308
Christopher D Pappas	director	C/O 76 SOUTH MAIN STREET, AKRON OH 44308
Leila L Vespoli	officer: Sr. Vice Pres & Gen. Counsel	C/O FIRSTENERGY CORP, 76 SOUTH MAIN STREET, AKRON OH 44308
James F Pearson	officer: Treasurer	76 SOUTH MAIN STREET, AKRON OH 44308
Leslie M Turner	director	THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17036