Freeport-McMoRan (LIM:FCX) Days Payable : 75.45 (As of Sep. 2024)

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What is Freeport-McMoRan Days Payable?

Freeport-McMoRan's average Accounts Payable for the three months ended in Sep. 2024 was $3,867 Mil. Freeport-McMoRan's Cost of Goods Sold for the three months ended in Sep. 2024 was $4,677 Mil. Hence, Freeport-McMoRan's Days Payable for the three months ended in Sep. 2024 was 75.45.

The historical rank and industry rank for Freeport-McMoRan's Days Payable or its related term are showing as below:

LIM:FCX' s Days Payable Range Over the Past 10 Years
Min: 31.22 Med: 45.86 Max: 73.61
Current: 73.61

During the past 13 years, Freeport-McMoRan's highest Days Payable was 73.61. The lowest was 31.22. And the median was 45.86.

LIM:FCX's Days Payable is ranked worse than
62.48% of 1042 companies
in the Metals & Mining industry
Industry Median: 129.73 vs LIM:FCX: 73.61

Freeport-McMoRan's Days Payable declined from Sep. 2023 (82.25) to Sep. 2024 (75.45). It may suggest that Freeport-McMoRan accelerated paying its suppliers.

Freeport-McMoRan Days Payable Historical Data

The historical data trend for Freeport-McMoRan's Days Payable 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 Days Payable Chart

Freeport-McMoRan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.09

48.96

45.63

57.28

60.08

Freeport-McMoRan Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															82.25	71.52	63.09	78.91	75.45

Competitive Comparison of Freeport-McMoRan's Days Payable

For the Copper subindustry, Freeport-McMoRan's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Freeport-McMoRan's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's Days Payable distribution charts can be found below:

* The bar in red indicates where Freeport-McMoRan's Days Payable falls into.

Freeport-McMoRan Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Freeport-McMoRan's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2701	+	2466)	/	2 )	/	15695	*	365
=	2583.5					/	15695	*	365
=	60.08

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

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3910	+	3824)	/	2 )	/	4677	*	365 / 4
=	3867					/	4677	*	365 / 4
=	75.45

Freeport-McMoRan Days Payable Related Terms

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Freeport-McMoRan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (LIM:FCX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FCX:USA 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 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.