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GuruFocus has detected 2 Warning Signs with Freeport-McMoRan Inc $FCX.
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Freeport-McMoRan Inc (NYSE:FCX)
Days Payable
42.05 (As of Dec. 2016)

Freeport-McMoRan Inc's payable for the three months ended in Dec. 2016 was $1,540 Mil. Freeport-McMoRan Inc's cost of goods sold for the three months ended in Dec. 2016 was $3,342 Mil. Hence, Freeport-McMoRan Inc's days payable for the three months ended in Dec. 2016 was 42.05.

FCX' s Days Payable Range Over the Past 10 Years
Min: 29.97   Max: 53.46
Current: 31.46

29.97
53.46

During the past 13 years, Freeport-McMoRan Inc's highest Days Payable was 53.46. The lowest was 29.97. And the median was 44.93.

FCX's Days Payable is ranked lower than
65% of the 432 Companies
in the Global Copper industry.

( Industry Median: 50.10 vs. FCX: 31.46 )

Freeport-McMoRan Inc's days payable increased from Dec. 2015 (27.63) to Dec. 2016 (42.05). It may suggest that Freeport-McMoRan Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Freeport-McMoRan Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1540/17580*365
=31.97

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1540/3342*365 / 4
=42.05

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


Related Terms

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

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 44.6332.7339.9149.5445.2249.5053.4648.1429.9731.97

Freeport-McMoRan Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 0.0035.380.000.000.0027.630.000.000.0042.05
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