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Freeport-McMoRan's Cost of Goods Sold for the three months ended in Mar. 2024 was $4,439 Mil. Its Revenue for the three months ended in Mar. 2024 was $6,321 Mil.
Freeport-McMoRan's COGS to Revenue for the three months ended in Mar. 2024 was 0.70.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Freeport-McMoRan's Gross Margin % for the three months ended in Mar. 2024 was 29.77%.
The historical data trend for Freeport-McMoRan's COGS-to-Revenue 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.
Freeport-McMoRan Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
COGS-to-Revenue | Get a 7-Day Free Trial |
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0.91 | 0.82 | 0.61 | 0.66 | 0.69 |
Freeport-McMoRan Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
COGS-to-Revenue | Get a 7-Day Free Trial |
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0.66 | 0.71 | 0.70 | 0.67 | 0.70 |
Freeport-McMoRan's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 15695 | / | 22855 | |
= | 0.69 |
Freeport-McMoRan's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 4439 | / | 6321 | |
= | 0.70 |
* 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.
Freeport-McMoRan (NYSE:FCX) COGS-to-Revenue Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Freeport-McMoRan's Gross Margin % for the three months ended in Mar. 2024 is calculated as:
Gross Margin % | = | 1 | - | COGS to Revenue |
= | 1 | - | Cost of Goods Sold / Revenue | |
= | 1 | - | 4439 / 6321 | |
= | 29.77 % |
* 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.
A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.
Thank you for viewing the detailed overview of Freeport-McMoRan's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
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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 |
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