Freeport-McMoran Copper & Gold Inc (FCX)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 17,795,000 | 15,695,000 | 15,089,000 | 14,030,000 | 11,655,000 |
| Inventory | US$ in thousands | 6,808,000 | 6,060,000 | 5,180,000 | 4,497,000 | 3,893,000 |
| Inventory turnover | 2.61 | 2.59 | 2.91 | 3.12 | 2.99 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $17,795,000K ÷ $6,808,000K
= 2.61
Based on the inventory turnover data provided for Freeport-McMoran Copper & Gold Inc, we can see that the company's inventory turnover ratio has fluctuated over the years. In 2020, the inventory turnover ratio was 2.99, indicating that the company's inventory was turned over approximately 2.99 times during that year.
Subsequently, in 2021, the ratio improved slightly to 3.12, suggesting that the company managed its inventory more efficiently, turning it over 3.12 times during the year.
However, there was a decrease in the inventory turnover ratio in 2022 to 2.91, followed by a more significant drop in 2023 to 2.59. This declining trend indicates that the company may have experienced challenges in managing its inventory efficiently during these years.
In 2024, the inventory turnover ratio slightly increased to 2.61. While this was an improvement from the previous year, the ratio still remained lower compared to the ratios in 2020 and 2021.
Overall, Freeport-McMoran Copper & Gold Inc's inventory turnover has shown some variability, with fluctuations indicating changes in inventory management practices and the efficiency of inventory turnover processes over the analyzed period.
Peer comparison
Dec 31, 2024