Freeport-McMoRan (MEX:FCX) Inventory Turnover: 0.61 (As of Mar. 2026)

What is Freeport-McMoRan Inventory Turnover?

Freeport-McMoRan MEX:FCX 85 Inventory Turnover is 0.61 as of Mar. 2026. GuruFocus rates MEX:FCX with a GF Score™ of 85/100 and a GF Value™ of MXN830.67 (Modestly Overvalued).

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Freeport-McMoRan's Cost of Goods Sold for the three months ended in Mar. 2026 was MXN82,572 Mil. Freeport-McMoRan's Average Total Inventories for the quarter that ended in Mar. 2026 was MXN134,360 Mil. Freeport-McMoRan's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.61.

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 three months ended in Mar. 2026 was 148.48.

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 Mar. 2026 was 1.20.

Freeport-McMoRan (MEX:FCX) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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 three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	134359.672	/	82571.733	*	365 / 4
	=	148.48

2. 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 Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	134359.672	/	112415.852
	=	1.20

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Freeport-McMoRan Inventory Turnover Related Terms

Freeport-McMoRan Inventory Turnover Historical Data

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The historical data trend for Freeport-McMoRan's Inventory Turnover can be seen below:

Freeport-McMoRan Inventory Turnover Chart

Freeport-McMoRan Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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3.39

3.04

2.61

3.03

2.42

Freeport-McMoRan Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.60	0.68	0.68	0.63	0.61

85GF Score

Freeport-McMoRan Inc MEX:FCX

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Freeport-McMoRan Inventory Turnover Calculation

Freeport-McMoRan's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	335230.123	/ (	(141985.606	+	134916.71)	/	2 )
=	335230.123	/	138451.158
=	2.42

Freeport-McMoRan's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	82571.733	/ (	(134916.71	+	133802.634)	/	2 )
=	82571.733	/	134359.672
=	0.61

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.61 mean?

Freeport-McMoRan (MEX:FCX) has a Inventory Turnover of 0.61 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Freeport-McMoRan and its competitors.

Is Freeport-McMoRan's Inventory Turnover too high?

Freeport-McMoRan's current Inventory Turnover is 0.61. Overall, Freeport-McMoRan has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Freeport-McMoRan's Inventory Turnover compare to SCCO and IE?

Freeport-McMoRan's Inventory Turnover of 0.61 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Metals & Mining company?

A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Freeport-McMoRan and its competitors. Freeport-McMoRan's current Inventory Turnover is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Freeport-McMoRan stock overvalued right now?

Based on GuruFocus' analysis, Freeport-McMoRan (MEX:FCX) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN830.67, compared to a current price of MXN1,055.13 — trading 27% above its estimated fair value. The current Inventory Turnover is 0.61. Freeport-McMoRan's overall GF Score™ is 85/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Freeport-McMoRan (MEX:FCX), the current Inventory Turnover is 0.61 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Freeport-McMoRan (MEX:FCX) Overvalued in 2026?

Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued. The current stock price of MXN1,055.13 is trading 27% above its estimated GF Value™ of MXN830.67. GuruFocus considers Freeport-McMoRan to be Modestly Overvalued.

Key valuation signals for MEX:FCX:

Inventory Turnover: 0.61
GF Value™: MXN830.67 vs. price of MXN1,055.13 (27% above fair value)
GF Score™: 85/100

No single metric tells the full story. See the MEX:FCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Freeport-McMoRan Business Description

Industry Basic Materials Metals & Mining

Comparable Companies SCCO IE COPRD LSE:ANTO LIM:CVERDEC1 TSX:FM TSX:LUN SHSE:600362 WAR:KGH SZSE:301511 SZSE:000630 HKSE:01208 TSX:HBM SZSE:002203 TSX:CS ASX:SFR HKSE:01258 SZSE:000878 SHSE:688102 BOM:513599

Other Exchanges FCX:USA FCX:Peru FCX_KZ:Kazakhstan 1FCX:Italy 0R2O:UK FPMB:Germany FCX:Switzerland FCXS:Canada FCXO34:Brazil FCX:Austria FCX:Argentina

Address 4340 East. Cotton Center boulevard, Suite 110, Phoenix, AZ, USA, 85040-8852

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 1.1 million metric tons of copper (its share) in 2025, making it the one of the world's largest copper miners by volume. It also sold about 530,000 ounces of gold, mostly from Grasberg, and 74 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2025. We expect it to sell about 1.3 million metric tons of copper and 610,000 ounces of gold midcycle in 2030.

85GF Score

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MXN1,055.13

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MXN830.67

GF Value

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