Freeport-McMoran Copper & Gold Inc (FCX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.36 | 5.59 | 6.89 | 7.91 | 7.94 | |
| Number of days of payables | days | 57.35 | 65.34 | 52.94 | 46.13 | 46.00 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.36
= 57.35
The number of days of payables for Freeport-McMoRan Inc has varied over the past five years. The trend indicates that the company is taking longer to pay its trade payables, with the number of days of payables increasing from 52.43 days in 2019 to 66.05 days in 2023. This suggests a lengthening in the company's payment period to suppliers over the years. A longer number of days of payables can sometimes indicate a liquidity advantage for the company, as it can use suppliers' funds for a longer period before having to make payments. However, it is important for the company to maintain good relationships with suppliers and ensure timely payments to avoid any negative impacts on its supply chain.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Average Payables Payment Period