Freeport-McMoRan (XSGO:FCX) Change In Receivables : $-573 Mil (TTM As of Mar. 2024)

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What is Freeport-McMoRan Change In Receivables?

Freeport-McMoRan's change in receivables for the quarter that ended in Mar. 2024 was $-582 Mil. It means Freeport-McMoRan's Accounts Receivable increased by $582 Mil from Dec. 2023 to Mar. 2024 .

Freeport-McMoRan's change in receivables for the fiscal year that ended in Dec. 2023 was $166 Mil. It means Freeport-McMoRan's Accounts Receivable declined by $166 Mil from Dec. 2022 to Dec. 2023 .

Freeport-McMoRan's Accounts Receivable for the quarter that ended in Mar. 2024 was $1,494 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 Mar. 2024 was 21.57.

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 Mar. 2024 was $-16,776 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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119.00

132.00

-472.00

56.00

166.00

Freeport-McMoRan Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															157.00	599.00	-206.00	-384.00	-582.00

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-573 Mil.

Freeport-McMoRan (XSGO:FCX) 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 Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1494	/	6321	*	91
=	21.57

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 Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5208	-	26093	+	0.75 * 1494	+	0.5 * 5977
=	-16,776

Freeport-McMoRan Change In Receivables Related Terms

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Freeport-McMoRan (XSGO:FCX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (XSGO:FCX) » Definitions » Change In Receivables

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Traded in Other Exchanges

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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.