Freeport-McMoRan (CHIX:FPMBD) Change In Receivables : €-261 Mil (TTM As of Sep. 2024)

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What is Freeport-McMoRan Change In Receivables?

Freeport-McMoRan's change in receivables for the quarter that ended in Sep. 2024 was €1 Mil. It means Freeport-McMoRan's Accounts Receivable declined by €1 Mil from Jun. 2024 to Sep. 2024 .

Freeport-McMoRan's change in receivables for the fiscal year that ended in Dec. 2023 was €152 Mil. It means Freeport-McMoRan's Accounts Receivable declined by €152 Mil from Dec. 2022 to Dec. 2023 .

Freeport-McMoRan's Accounts Receivable for the quarter that ended in Sep. 2024 was €882 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Freeport-McMoRan's Days Sales Outstanding for the three months ended in Sep. 2024 was 13.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Freeport-McMoRan's liquidation value for the three months ended in Sep. 2024 was €-15,838 Mil.

Freeport-McMoRan Change In Receivables Historical Data

The historical data trend for Freeport-McMoRan's Change In Receivables 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 Receivables Chart

Freeport-McMoRan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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107.10

108.50

-417.72

52.86

152.22

Freeport-McMoRan Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-193.02	-352.13	-535.44	626.15	0.90

Freeport-McMoRan Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-261 Mil.

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

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Freeport-McMoRan's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	882.079	/	6117.79	*	91
=	13.16

2. In Ben Graham's calculation of liquidation value, Freeport-McMoRan's accounts receivable are only considered to be worth 75% of book value:

Freeport-McMoRan's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4505	-	23907.134	+	0.75 * 882.079	+	0.5 * 5805.143
=	-15,838

Freeport-McMoRan Change In Receivables Related Terms

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Freeport-McMoRan Business Description

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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 2023, 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. About 75% of 2023 revenue was from copper, with a further 15% from gold and about 10% from molybdenum. It had about 25 years of copper reserves at end December 2023. we expect it to sell similar amounts of copper midcycle in 2028, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

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