Freeport-McMoran Copper & Gold Inc (FCX)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.63 | 2.73 | 2.62 | 2.78 | 2.60 | 2.65 | 2.68 | 2.62 | 2.91 | 3.07 | 3.09 | 3.25 | 3.12 | 3.25 | 3.01 | 2.84 | 2.99 | 3.08 | 3.19 | 3.34 | |
| DOH | days | 138.81 | 133.73 | 139.35 | 131.19 | 140.65 | 137.70 | 136.10 | 139.47 | 125.30 | 118.94 | 118.04 | 112.40 | 116.99 | 112.45 | 121.32 | 128.73 | 121.92 | 118.49 | 114.47 | 109.13 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.63
= 138.81
The days of inventory on hand (DOH) for Freeport-McMoran Copper & Gold Inc has shown fluctuations over the past years based on the provided data. The DOH increased from 109.13 days as of March 31, 2020, to peak at 140.65 days as of December 31, 2023, before slightly decreasing to 138.81 days as of December 31, 2024. This suggests that the company may have been carrying excess inventory or experiencing challenges in managing its inventory levels efficiently during this period.
Analyzing the trend further, there was a noticeable spike in DOH from March 31, 2023, to December 31, 2023, indicating a potential issue with inventory management or changes in demand dynamics impacting the company's inventory turnover rate. The subsequent decrease in DOH from December 31, 2023, to December 31, 2024, may suggest efforts by the company to optimize its inventory levels and streamline its supply chain operations.
Overall, monitoring the days of inventory on hand is crucial for Freeport-McMoran Copper & Gold Inc to ensure effective inventory management, minimize carrying costs, and maintain sufficient stock levels to meet customer demand while avoiding excess inventory accumulation.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Average Inventory Processing Period (Quarterly Data)