Freeport-McMoRan (Freeport-McMoRan) Total Inventories

: $6,060 Mil (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

Freeport-McMoRan's total inventories for the quarter that ended in Dec. 2023 was $6,060 Mil. Freeport-McMoRan's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $6,005 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Freeport-McMoRan's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-18.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Freeport-McMoRan's Days Inventory for the three months ended in Dec. 2023 was 138.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. Freeport-McMoRan's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.66.

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's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.02.

Freeport-McMoRan Total Inventories Historical Data

The historical data trend for Freeport-McMoRan's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Freeport-McMoRan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

4,073.00

3,893.00

4,497.00

5,180.00

6,060.00

Freeport-McMoRan Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																5,180.00	5,737.00	5,810.00	5,949.00	6,060.00

Freeport-McMoRan Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Freeport-McMoRan (NYSE:FCX) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Freeport-McMoRan's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4758	+	0.75 * 1209	+	0.5 * 6060	-	25196
-	0	-	10617)	/	1435
=	-18.90

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

Freeport-McMoRan's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	6004.5	/	3949	*	365 / 4
	=	138.75

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

Freeport-McMoRan's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	3949	/	6004.5
	=	0.66

4. 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's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6004.5	/	5905
	=	1.02

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Freeport-McMoRan Total Inventories Related Terms

Thank you for viewing the detailed overview of Freeport-McMoRan's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Freeport-McMoRan (Freeport-McMoRan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (NYSE:FCX) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

FCX:Peru FCX:Mexico 1FCX:Italy FPMBd:UK 0R2O:UK FPMB:Germany FPMB:Germany FPMB:Germany FCX:Chile FCXO34:Brazil FCX:Austria FCX:Argentina

Address

333 North Central Avenue, Phoenix, AZ, USA, 85004-2189

Website

https://www.fcx.com

Freeport-McMoRan Inc is an international mining company. It operates geographically diverse assets with proven and probable mineral reserves of copper, gold, and molybdenum. The company's portfolio of assets includes the Grasberg minerals district in Indonesia; and mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. It derives key revenue from the sale of Copper.

Executives

Sara Grootwassink Lewis	director	C/O CAPITALSOURCE INC., 4445 WILLARD AVENUE, 12TH FLOOR, CHEVY CHASE MD 20815
Ellie L. Mikes	officer: Chief Accounting Officer	333 N. CENTRAL AVE., PHOENIX AZ 85004
Currault Douglas N. Ii	officer: Senior VP & General Counsel	333 N. CENTRAL AVENUE, PHOENIX AZ 85004
Ryan Michael Lance	director	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Marcela E Donadio	director	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
David P Abney	director	55 GLENLAKE PARWAY, NE, ATLANTA GA 30328
Robert W. Dudley	director	333 NORTH CENTRAL AVENUE, PHOENIX AZ 85004
Dustan E Mccoy	director
Hugh Grant	director	C/O PPG INDUSTRIES, INC., 1 PPG PLACE, PITTSBURGH PA 15272
Whitmire C Donald Jr	officer: Vice President and Controller
Maree E. Robertson	officer: SVP & CFO	333 N. CENTRAL AVE., PHOENIX AZ 85004
Stephen T. Higgins	officer: Senior VP & CAO	333 N. CENTRAL AVENUE, PHOENIX AZ 85004
Kathleen L Quirk	officer: SVP, CFO, Treasurer	1615 POYDRAS STREET, NEW ORLEANS LA 70112
Richard C Adkerson	officer: President and CFO
Gerald J Ford	director	200 CRESCENT CT STE 1350, DALLAS TX 75201