Stock Analysis on Net
Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)

Freeport-McMoRan Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
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 fixed asset turnover 0.66 0.68 0.67 0.66 0.65 0.66 0.65 0.65 0.70 0.73 0.78 0.80 0.75 0.70 0.63 0.55 0.48 — — —
Total asset turnover 0.46 0.46 0.45 0.44 0.44 0.44 0.43 0.42 0.45 0.46 0.48 0.50 0.48 0.45 0.42 0.37 0.34 — — —
Equity turnover 1.45 1.46 1.42 1.40 1.37 1.38 1.35 1.34 1.46 1.55 1.63 1.65 1.63 1.59 1.58 1.49 1.40 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Freeport-McMoRan Inc. net fixed asset turnover ratio improved from Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Freeport-McMoRan Inc. total asset turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Freeport-McMoRan Inc. equity turnover ratio improved from Q2 2024 to Q3 2024 but then slightly deteriorated from Q3 2024 to Q4 2024.

Net Fixed Asset Turnover

Freeport-McMoRan Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Revenues 5,720 6,790 6,624 6,321 5,905 5,824 5,737 5,389 5,758 5,003 5,416 6,603 6,164 6,083 5,748 4,850 4,495 3,851 3,054 2,798
Property, plant, equipment and mine development costs, net 38,514 37,750 36,784 36,197 35,295 34,535 33,845 33,159 32,627 31,814 31,200 30,708 30,345 30,102 29,836 29,775 29,818 29,911 29,936 29,899
Long-term Activity Ratio
Net fixed asset turnover1 0.66 0.68 0.67 0.66 0.65 0.66 0.65 0.65 0.70 0.73 0.78 0.80 0.75 0.70 0.63 0.55 0.48 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Net fixed asset turnover = (RevenuesQ4 2024 + RevenuesQ3 2024 + RevenuesQ2 2024 + RevenuesQ1 2024) ÷ Property, plant, equipment and mine development costs, net
= (5,720 + 6,790 + 6,624 + 6,321) ÷ 38,514 = 0.66

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Freeport-McMoRan Inc. net fixed asset turnover ratio improved from Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.

Total Asset Turnover

Freeport-McMoRan Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Revenues 5,720 6,790 6,624 6,321 5,905 5,824 5,737 5,389 5,758 5,003 5,416 6,603 6,164 6,083 5,748 4,850 4,495 3,851 3,054 2,798
Total assets 54,848 55,400 54,635 54,198 52,506 51,648 50,907 50,909 51,093 49,927 50,113 48,832 48,022 46,917 45,436 43,643 42,144 41,099 40,230 40,219
Long-term Activity Ratio
Total asset turnover1 0.46 0.46 0.45 0.44 0.44 0.44 0.43 0.42 0.45 0.46 0.48 0.50 0.48 0.45 0.42 0.37 0.34 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Total asset turnover = (RevenuesQ4 2024 + RevenuesQ3 2024 + RevenuesQ2 2024 + RevenuesQ1 2024) ÷ Total assets
= (5,720 + 6,790 + 6,624 + 6,321) ÷ 54,848 = 0.46

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Freeport-McMoRan Inc. total asset turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Equity Turnover

Freeport-McMoRan Inc., equity turnover calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Revenues 5,720 6,790 6,624 6,321 5,905 5,824 5,737 5,389 5,758 5,003 5,416 6,603 6,164 6,083 5,748 4,850 4,495 3,851 3,054 2,798
Stockholders’ equity 17,581 17,548 17,404 16,973 16,693 16,459 16,202 16,057 15,555 14,954 14,889 14,866 13,980 13,353 12,011 10,920 10,174 9,236 8,954 8,855
Long-term Activity Ratio
Equity turnover1 1.45 1.46 1.42 1.40 1.37 1.38 1.35 1.34 1.46 1.55 1.63 1.65 1.63 1.59 1.58 1.49 1.40 — — —

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Equity turnover = (RevenuesQ4 2024 + RevenuesQ3 2024 + RevenuesQ2 2024 + RevenuesQ1 2024) ÷ Stockholders’ equity
= (5,720 + 6,790 + 6,624 + 6,321) ÷ 17,581 = 1.45

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Freeport-McMoRan Inc. equity turnover ratio improved from Q2 2024 to Q3 2024 but then slightly deteriorated from Q3 2024 to Q4 2024.