Freeport-McMoran Copper & Gold Inc (FCX)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 15,695,000 | 15,769,000 | 15,582,000 | 15,014,000 | 15,089,000 | 14,789,000 | 14,441,000 | 14,463,000 | 14,030,000 | 13,373,000 | 12,690,000 | 11,753,000 | 11,655,000 | 11,994,000 | 12,159,000 | 12,905,000 | 13,120,000 | 13,038,000 | 13,532,000 | 13,530,000 |
| Payables | US$ in thousands | 2,466,000 | — | — | — | 2,701,000 | — | — | — | 2,035,000 | — | — | — | 1,473,000 | — | — | — | 1,654,000 | — | — | — |
| Payables turnover | 6.36 | — | — | — | 5.59 | — | — | — | 6.89 | — | — | — | 7.91 | — | — | — | 7.93 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $15,695,000K ÷ $2,466,000K
= 6.36
The payables turnover ratio for Freeport-McMoRan Inc in Q4 2023 was 5.53, indicating that the company paid off its accounts payables approximately 5.53 times during that quarter. This represents an improvement compared to Q4 2022 when the payables turnover was 4.83. A higher payables turnover ratio is generally favorable as it suggests that the company is efficiently managing its short-term liabilities by paying off its suppliers more frequently. However, as the data for the previous quarters is not available, it is challenging to assess the trend in the payables turnover ratio over time. Additional historical data would be needed to provide a more in-depth analysis of Freeport-McMoRan Inc's payables management efficiency.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Payables Turnover (Quarterly Data)