Freeport-McMoran Copper & Gold Inc (FCX)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 7,228,000 | 7,535,000 | 7,063,000 | 6,355,000 | 6,193,000 | 6,104,000 | 5,503,000 | 5,829,000 | 7,037,000 | 7,634,000 | 9,110,000 | 9,447,000 | 8,181,000 | 7,274,000 | 5,740,000 | 4,008,000 | 2,023,000 | 984,000 | 242,000 | -53,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 17,581,000 | 17,548,000 | 17,404,000 | 16,973,000 | 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 | 9,151,000 | 8,954,000 | 8,855,000 |
| Return on total capital | 41.11% | 42.94% | 40.58% | 37.44% | 37.10% | 37.09% | 33.96% | 36.30% | 45.24% | 51.05% | 61.19% | 63.55% | 58.52% | 54.47% | 47.79% | 36.70% | 19.88% | 10.75% | 2.70% | -0.60% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $7,228,000K ÷ ($—K + $17,581,000K)
= 41.11%
Freeport-McMoran Copper & Gold Inc has shown a fluctuating trend in its return on total capital over the reported periods. The company's return on total capital ranged from a low of -0.60% as of March 31, 2020, to a peak of 63.55% as of March 31, 2022.
The return on total capital witnessed a significant improvement from negative figures in 2020 to double-digit percentages in 2021 and 2022. However, after reaching a peak in March 2022, the return on total capital has shown a declining trend, although it remains relatively strong compared to the initial periods.
Overall, Freeport-McMoran Copper & Gold Inc's return on total capital demonstrates variability over time, reflecting fluctuations in the company's efficiency in generating profits from its invested capital. It is essential for stakeholders to monitor this metric to assess the company's utilization of capital and its overall profitability.
Peer comparison
Dec 31, 2024