Freeport-McMoran Copper & Gold Inc (FCX)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 40,809,000 | 40,943,000 | 41,086,000 | 41,059,000 |
| Total asset turnover | 0.44 | 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 | 0.33 | 0.35 | 0.35 | 0.39 | 0.43 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $22,855,000K ÷ $52,506,000K
= 0.44
The total asset turnover of Freeport-McMoRan Inc has shown a decreasing trend over the past eight quarters, starting at 0.50 in Q1 2022 and gradually declining to 0.44 in Q4 2023. This indicates that the company's ability to generate sales from its total assets has weakened over this period. The declining total asset turnover may suggest inefficiencies in asset utilization or potentially slower sales growth relative to the size of the company's asset base. Further analysis and comparison with industry benchmarks would be necessary to understand the underlying reasons for this trend and assess its implications for the company's overall financial performance.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Total Asset Turnover (Quarterly Data)