Freeport-McMoran Copper & Gold Inc (FCX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,848,000 | 2,157,000 | 2,107,000 | 2,604,000 | 4,222,000 | 6,749,000 | 7,744,000 | 7,987,000 | 6,424,000 | 3,908,000 | 2,838,000 | 1,808,000 | 599,000 | -100,000 | -636,000 | -761,000 | -239,000 | 130,000 | 893,000 | 2,000,000 |
| 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 |
| ROA | 3.52% | 4.18% | 4.14% | 5.12% | 8.26% | 13.52% | 15.45% | 16.36% | 13.38% | 8.33% | 6.25% | 4.14% | 1.42% | -0.24% | -1.58% | -1.89% | -0.59% | 0.32% | 2.17% | 4.87% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,848,000K ÷ $52,506,000K
= 3.52%
Based on the data provided, Freeport-McMoRan Inc's return on assets (ROA) has been gradually decreasing over the past eight quarters from 10.46% in Q1 2022 to 3.51% in Q4 2023. This downward trend indicates that the company's efficiency in generating profits from its assets has been declining.
The decreasing ROA could be attributed to declining profitability or increasing asset base. A lower ROA may be a cause for concern as it suggests that the company is less effective in utilizing its assets to generate profits. Investors and analysts may need to closely monitor the company's financial performance and assess its profitability drivers to understand the factors contributing to the declining ROA trend.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Return on Assets (ROA) (Quarterly Data)