Freeport-McMoran Copper & Gold Inc (FCX)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.36 | — | — | — | 5.59 | — | — | — | 6.89 | — | — | — | 7.91 | — | — | — | 7.93 | — | — | — | |
| Number of days of payables | days | 57.35 | — | — | — | 65.34 | — | — | — | 52.94 | — | — | — | 46.13 | — | — | — | 46.01 | — | — | — |
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 decreased from 75.60 days in Q4 2022 to 66.05 days in Q4 2023. This indicates that the company is taking fewer days to pay its suppliers, which may suggest improved liquidity or efficiency in managing its accounts payable. However, without data for the other quarters in 2023, it is difficult to assess the trend over the entire year. Further monitoring of this metric in future quarters will provide a better understanding of Freeport-McMoRan Inc's payment practices and financial health.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Average Payables Payment Period (Quarterly Data)