Freeport-McMoran Copper & Gold Inc (FCX)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 22,855,000 | 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 | 12,916,000 | 13,408,000 | 14,402,000 | 14,175,000 | 15,930,000 | 17,552,000 |
| Receivables | US$ in thousands | 1,670,000 | 1,280,000 | 1,092,000 | 1,684,000 | 1,800,000 | 1,329,000 | 1,412,000 | 1,981,000 | 1,749,000 | 1,522,000 | 1,678,000 | 1,770,000 | 1,417,000 | 1,357,000 | 1,363,000 | 1,106,000 | 1,169,000 | 994,000 | 970,000 | 1,191,000 |
| Receivables turnover | 13.69 | 17.74 | 20.04 | 12.81 | 12.66 | 17.45 | 17.19 | 12.42 | 13.06 | 13.91 | 11.29 | 9.18 | 10.02 | 10.03 | 9.48 | 12.12 | 12.32 | 14.26 | 16.42 | 14.74 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $22,855,000K ÷ $1,670,000K
= 13.69
The receivables turnover ratio for Freeport-McMoRan Inc has shown fluctuations over the past eight quarters. In Q2 2023, the ratio was the highest at 20.04, indicating the company turned over its receivables 20.04 times during the quarter. This suggests that Freeport-McMoRan Inc efficiently collected payments from its customers during that period.
However, in Q1 2023 and Q4 2022, the receivables turnover ratio dropped to 12.81 and 12.69, respectively, which may indicate that the company took longer to collect payments from customers during those quarters.
Overall, there seems to be some variability in Freeport-McMoRan Inc's receivables turnover, with fluctuations between high and low turnover ratios. It would be important to further investigate the reasons behind these fluctuations to understand the efficiency of the company in collecting payments from its customers.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Receivables Turnover (Quarterly Data)