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Freeport-McMoRan Inc (NYSE:FCX)
Days Inventory
99.37 (As of Sep. 2016)

Freeport-McMoRan Inc's average inventory for the three months ended in Sep. 2016 was $3,715 Mil. Freeport-McMoRan Inc's cost of goods sold for the three months ended in Sep. 2016 was $3,411 Mil. Hence, Freeport-McMoRan Inc's days inventory for the three months ended in Sep. 2016 was 99.37.

FCX' s Days Inventory Range Over the Past 10 Years
Min: 61.2   Max: 133.31
Current: 68.06

61.2
133.31

During the past 13 years, Freeport-McMoRan Inc's highest Days Inventory was 133.31. The lowest was 61.20. And the median was 108.37.

FCX's Days Inventory is ranked higher than
55% of the 631 Companies
in the Global Copper industry.

( Industry Median: 74.42 vs. FCX: 68.06 )

Freeport-McMoRan Inc's days inventory increased from Sep. 2015 (68.66) to Sep. 2016 (99.37). It might indicate that Freeport-McMoRan Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Freeport-McMoRan Inc's days sales of inventory (DSI) for the three months ended in Sep. 2016 was 87.43.

Inventory turnover measures how fast the company turns over its inventory within a year. Freeport-McMoRan Inc's inventory turnover for the three months ended in Sep. 2016 was 0.92.

Inventory to revenue ratio determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Freeport-McMoRan Inc's inventory to revenue ratio for the three months ended in Sep. 2016 was 0.96.


Definition

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Freeport-McMoRan Inc's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (5361 + 4204) / 2 ) / 28524*365
=4782.5 / 28524*365
=61.20

Freeport-McMoRan Inc's Days Inventory for the quarter that ended in Sep. 2016 is calculated as:

Days Inventory (Q: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2016 ) + Inventory (Q: Sep. 2016 )) / 2 ) / COGS (Q: Sep. 2016 )*Days in Period
=( (3744 + 3685) / 2 ) / 3411*365 / 4
=3714.5 / 3411*365 / 4
=99.37

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Freeport-McMoRan Inc's Days Sales of Inventory for the three months ended in Sep. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=3714.5/3877*365 / 4
=87.43

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Freeport-McMoRan Inc's Inventory Turnover for the three months ended in Sep. 2016 is calculated as

3. Inventory to Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Freeport-McMoRan Inc's Inventory to Revenue for the three months ended in Sep. 2016 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Freeport-McMoRan Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 92.7267.3979.41126.31122.77122.05133.31119.6297.1261.20

Freeport-McMoRan Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysInventory 117.99112.4767.8069.5378.8968.6650.9955.0797.3099.37
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