Freeport-McMoran Copper & Gold Inc (FCX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,225,000 | 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 | 585,000 | 297,000 | 1,091,000 | 632,000 | 1,985,000 | 3,616,000 |
| 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 |
| Operating ROA | 11.86% | 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% | 1.45% | 0.74% | 2.67% | 1.54% | 4.83% | 8.81% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $6,225,000K ÷ $52,506,000K
= 11.86%
The operating return on assets (operating ROA) of Freeport-McMoRan Inc has been showing a decreasing trend over the past eight quarters. It decreased from 19.58% in Q1 2022 to 11.86% in Q4 2023.
This downward trend indicates that the company's operating efficiency in generating profit from its assets has been declining over the period under review. Factors contributing to this trend could include changes in operating expenses, sales revenue, or asset utilization efficiency.
It is important for Freeport-McMoRan Inc to closely monitor and address the reasons behind this decreasing trend in operating ROA to ensure sustainable profitability and operational effectiveness in the future.
Peer comparison
Dec 31, 2023