Freeport-McMoran Copper & Gold Inc (FCX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 25,455,000 | 22,855,000 | 22,780,000 | 22,845,000 | 14,198,000 |
| Total assets | US$ in thousands | 54,848,000 | 52,506,000 | 51,093,000 | 48,022,000 | 42,144,000 |
| Total asset turnover | 0.46 | 0.44 | 0.45 | 0.48 | 0.34 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $25,455,000K ÷ $54,848,000K
= 0.46
Freeport-McMoran Copper & Gold Inc's total asset turnover ratio has shown fluctuations over the five years from December 31, 2020, to December 31, 2024. The ratio was 0.34 in 2020, indicating that the company generated $0.34 in revenue for every dollar of total assets. Subsequently, the ratio increased to 0.48 in 2021, reflecting a more efficient utilization of assets to generate revenue.
However, in the following years, there was a slight decline in the total asset turnover ratio. Specifically, the ratio dropped to 0.45 in 2022, 0.44 in 2023, and then increased again to 0.46 in 2024. These fluctuations suggest that Freeport-McMoran Copper & Gold Inc may have faced challenges in optimizing the use of its assets effectively to generate sales during these years.
Overall, Freeport-McMoran Copper & Gold Inc's total asset turnover ratio trend indicates varying levels of efficiency in generating revenue from its total assets over the five-year period, which may warrant further investigation into the company's operational strategies and asset management practices.
Peer comparison
Dec 31, 2024