Freeport-McMoran Copper & Gold Inc (FCX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,762,000 | 7,138,000 | 6,692,000 | 6,053,000 | 6,122,000 | 6,033,000 | 5,503,000 | 5,829,000 | 7,037,000 | 7,812,000 | 9,312,000 | 9,643,000 | 8,366,000 | 7,770,000 | 6,188,000 | 4,442,000 | 2,437,000 | 1,503,000 | 740,000 | 452,000 |
| 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 |
| Operating ROA | 12.33% | 12.88% | 12.25% | 11.17% | 11.66% | 11.68% | 10.81% | 11.45% | 13.77% | 15.65% | 18.58% | 19.75% | 17.42% | 16.56% | 13.62% | 10.18% | 5.78% | 3.66% | 1.84% | 1.12% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $6,762,000K ÷ $54,848,000K
= 12.33%
The operating return on assets (operating ROA) for Freeport-McMoran Copper & Gold Inc has shown a positive trend over the past few years, indicating the company's ability to generate earnings from its assets.
Starting at 1.12% in March 2020, the operating ROA steadily increased to 13.62% by June 2021, and reached its peak at 19.75% in March 2022. This significant improvement suggests that the company has been effectively utilizing its assets to generate operating income.
However, there was a slight decline in the operating ROA in the following quarters, dropping to 11.66% by December 2023. Nonetheless, the ratio remained relatively stable between 11% and 13% throughout the rest of the period, indicating a consistent performance in generating operating income relative to its total assets.
Overall, the operating ROA trend for Freeport-McMoran Copper & Gold Inc reflects a strong operational efficiency and profitability, highlighting the company's ability to effectively manage and utilize its assets to generate earnings.
Peer comparison
Dec 31, 2024