Freeport-McMoran Copper & Gold Inc (FCX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,889,000 | 1,842,000 | 3,468,000 | 4,306,000 | 853,000 |
| Total assets | US$ in thousands | 54,848,000 | 52,506,000 | 51,093,000 | 48,022,000 | 42,144,000 |
| ROA | 3.44% | 3.51% | 6.79% | 8.97% | 2.02% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,889,000K ÷ $54,848,000K
= 3.44%
Freeport-McMoran Copper & Gold Inc's return on assets (ROA) has shown fluctuations over the years based on the provided data. The ROA for the company was 2.02% as of December 31, 2020, indicating that the company generated approximately $0.0202 in profit for every dollar of assets it owned.
The ROA increased significantly to 8.97% by December 31, 2021, which suggests improved efficiency in asset utilization or profitability growth. This means the company generated $0.0897 in profit for every dollar of assets in 2021.
In the subsequent years, the ROA remained relatively strong at 6.79% as of December 31, 2022, indicating continued efficiency in generating profits from the company's assets. However, there was a slight decline in the ROA to 3.51% by December 31, 2023, followed by a further decrease to 3.44% by December 31, 2024.
Overall, the trend in Freeport-McMoran Copper & Gold Inc's ROA suggests variability in the company's ability to generate profits from its assets. While the ROA experienced significant improvements in some years, there were also periods of decline. This indicates that the company's asset utilization and profitability levels have fluctuated over the analyzed period.
Peer comparison
Dec 31, 2024