Freeport-McMoran Copper & Gold Inc (FCX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 16,693,000 | 16,459,000 | 16,202,000 | 16,057,000 | 15,555,000 | 14,954,000 | 14,889,000 | 14,866,000 | 13,980,000 | 13,353,000 | 12,011,000 | 10,920,000 | 10,174,000 | 9,236,000 | 8,954,000 | 8,855,000 | 9,298,000 | 9,444,000 | 9,709,000 | 9,783,000 |
| ROE | 11.07% | 13.11% | 13.00% | 16.22% | 27.14% | 45.13% | 52.01% | 53.73% | 45.95% | 29.27% | 23.63% | 16.56% | 5.89% | -1.08% | -7.10% | -8.59% | -2.57% | 1.38% | 9.20% | 20.44% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,848,000K ÷ $16,693,000K
= 11.07%
Freeport-McMoRan Inc's return on equity (ROE) has experienced a downward trend over the past eight quarters. The ROE decreased from 34.35% in Q1 2022 to 11.03% in Q4 2023. This decline may indicate a decrease in the company's profitability or efficiency in generating returns for shareholders. A decreasing ROE could be a cause for concern as it suggests that the company's ability to generate profits from shareholders' equity is weakening. Further analysis and investigation into the factors contributing to this decline would be necessary to assess the company's financial performance accurately.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Return on Equity (ROE) (Quarterly Data)