Freeport-McMoran Copper & Gold Inc (FCX)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 25,344,000 | 25,423,000 | 24,457,000 | 23,570,000 | 22,749,000 | 22,708,000 | 21,887,000 | 21,566,000 | 22,780,000 | 23,186,000 | 24,266,000 | 24,598,000 | 22,845,000 | 21,176,000 | 18,944,000 | 16,250,000 | 14,198,000 | 13,614,000 | 13,071,000 | 13,563,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 34,535,000 | 35,086,000 | 34,394,000 | 33,879,000 | 33,008,000 | 31,200,000 | 32,085,000 | 30,345,000 | 30,102,000 | 29,836,000 | 31,250,000 | 31,281,000 | 31,374,000 | 31,382,000 | 31,171,000 |
| Fixed asset turnover | — | — | — | — | — | 0.66 | 0.62 | 0.63 | 0.67 | 0.70 | 0.78 | 0.77 | 0.75 | 0.70 | 0.63 | 0.52 | 0.45 | 0.43 | 0.42 | 0.44 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $25,344,000K ÷ $—K
= —
Freeport-McMoran Copper & Gold Inc's fixed asset turnover ratio has shown variability over the period analyzed. The fixed asset turnover ratio indicates how efficiently the company utilizes its fixed assets to generate revenue.
From March 31, 2020, to June 30, 2021, the ratio ranged from 0.42 to 0.63, with a gradual increase observed during this period. This indicates an improvement in the company's ability to generate sales relative to its investments in fixed assets.
Subsequently, there was a further increase in the fixed asset turnover ratio, reaching its peak at 0.78 on June 30, 2022. This suggests that Freeport-McMoran was generating sales more efficiently relative to its fixed assets during this period.
However, from September 30, 2022, to March 31, 2024, the fixed asset turnover ratio started to decline, dropping to 0.62 on June 30, 2023. The ratio continued to decrease and reached 0.66 on September 30, 2023.
The absence of data for the subsequent periods indicates a limitation in the analysis from December 31, 2023, onwards. Further data would be necessary to assess the trend in the fixed asset turnover ratio beyond the provided timeline.
Overall, the fluctuation in the fixed asset turnover ratio of Freeport-McMoran Copper & Gold Inc reflects changes in the company's ability to efficiently generate sales using its fixed assets over the analyzed period.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Net Fixed Asset Turnover (Quarterly Data)