Freeport-McMoRan (CHIX:FPMBD) Change In Inventory : €-603 Mil (TTM As of Dec. 2024)

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What is Freeport-McMoRan Change In Inventory?

Freeport-McMoRan's change in inventory for the quarter that ended in Dec. 2024 was €-322 Mil. It means Freeport-McMoRan's inventory increased by €322 Mil from Sep. 2024 to Dec. 2024 .

Freeport-McMoRan's change in inventory for the fiscal year that ended in Dec. 2024 was €-609 Mil. It means Freeport-McMoRan's inventory increased by €609 Mil from Dec. 2023 to Dec. 2024 .

Freeport-McMoRan's Total Inventories for the quarter that ended in Dec. 2024 was €6,502 Mil.

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 quarter that ended in Dec. 2024 was 136.89.

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. 2024 was 0.67.

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. 2024 was 1.13.

Freeport-McMoRan Change In Inventory Historical Data

The historical data trend for Freeport-McMoRan's Change In Inventory 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.

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Freeport-McMoRan Change In Inventory Chart

Freeport-McMoRan Annual Data

Trend

Dec15

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Dec24

Change In Inventory

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34.52

-546.93

-540.91

-800.54

-609.29

Freeport-McMoRan Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Change In Inventory	Get a 7-Day Free Trial															-123.80	60.72	-378.10	36.04	-321.84

Freeport-McMoRan Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-603 Mil.

Freeport-McMoRan (CHIX:FPMBd) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6153.3915	/	4101.725	*	365 / 4
	=	136.89

2. 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. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4101.725	/	6153.3915
	=	0.67

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's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6153.3915	/	5462.6
	=	1.13

Freeport-McMoRan Change In Inventory Related Terms

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Freeport-McMoRan Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (CHIX:FPMBd) » Definitions » Change In Inventory

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Address

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

Website

https://www.fcx.com

Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

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