Freeport-McMoran Copper & Gold Inc (FCX)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 25,344,000 | 25,423,000 | 24,457,000 | 23,570,000 | 22,749,000 | 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 | 13,071,000 | 13,563,000 |
| Total assets | US$ in thousands | 54,848,000 | 55,400,000 | 54,635,000 | 54,198,000 | 52,506,000 | 51,648,000 | 50,907,000 | 50,909,000 | 51,093,000 | 49,927,000 | 50,113,000 | 48,832,000 | 48,022,000 | 46,917,000 | 45,436,000 | 43,643,000 | 42,144,000 | 41,099,000 | 40,230,000 | 40,219,000 |
| Total asset turnover | 0.46 | 0.46 | 0.45 | 0.43 | 0.43 | 0.44 | 0.43 | 0.42 | 0.45 | 0.46 | 0.48 | 0.50 | 0.48 | 0.45 | 0.42 | 0.37 | 0.34 | 0.33 | 0.32 | 0.34 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $25,344,000K ÷ $54,848,000K
= 0.46
Freeport-McMoran Copper & Gold Inc's total asset turnover has shown a fluctuating trend over the analyzed period. The company's total asset turnover ratio ranged from 0.32 to 0.50, indicating the company's ability to generate sales from its total assets.
The total asset turnover ratio increased steadily from March 31, 2021, reaching its peak at 0.50 on March 31, 2022, demonstrating an improvement in the efficiency of asset utilization to generate sales. However, the ratio declined slightly in the following periods but remained relatively stable around 0.43 to 0.46 by December 31, 2024.
Overall, the analysis suggests that Freeport-McMoran Copper & Gold Inc has been effectively utilizing its assets to drive revenue generation, with the ratio indicating a positive trend in asset efficiency over the analyzed period. It is crucial for the company to continue monitoring and optimizing its asset turnover to maintain operational efficiency and sustainable growth.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Total Asset Turnover (Quarterly Data)