Freeport-McMoran Copper & Gold Inc (FCX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,889,000 | 2,003,000 | 1,931,000 | 2,044,000 | 2,610,000 | 3,201,000 | 3,299,000 | 3,410,000 | 3,898,000 | 4,025,000 | 4,872,000 | 5,115,000 | 4,306,000 | 3,908,000 | 2,838,000 | 1,808,000 | 599,000 | -100,000 | -560,000 | -685,000 |
| 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 |
| ROA | 3.44% | 3.62% | 3.53% | 3.77% | 4.97% | 6.20% | 6.48% | 6.70% | 7.63% | 8.06% | 9.72% | 10.47% | 8.97% | 8.33% | 6.25% | 4.14% | 1.42% | -0.24% | -1.39% | -1.70% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,889,000K ÷ $54,848,000K
= 3.44%
Freeport-McMoran Copper & Gold Inc's return on assets (ROA) has shown a fluctuating trend over the periods provided in the data. From March 31, 2020, to December 31, 2024, the ROA ranged from -1.70% to 10.47%. Initially, the company had negative ROA figures, indicating inefficiency in generating profit from its assets. However, the ROA started to improve significantly from March 31, 2021, reaching a peak of 10.47% by March 31, 2022.
Subsequently, the ROA experienced a slight decline but remained above 6%, reflecting strong asset utilization and profitability. Despite some fluctuations, the ROA stayed generally positive, with values above 3%, indicating that Freeport-McMoran Copper & Gold Inc has been effectively leveraging its assets to generate profits. Overall, the upward trend in ROA from negative figures to above-average percentages suggests improved efficiency and performance in using assets to generate returns for the company.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Return on Assets (ROA) (Quarterly Data)