Freeport-McMoRan (XKAZ:FCX_KZ) Inventory Turnover : 0.65 (As of Dec. 2024)

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What is Freeport-McMoRan Inventory Turnover?

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 Dec. 2024 was $4,295 Mil. Freeport-McMoRan's Average Total Inventories for the quarter that ended in Dec. 2024 was $6,626 Mil. Freeport-McMoRan's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.65.

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 Dec. 2024 was 140.76.

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 Dec. 2024 was 1.16.

Freeport-McMoRan Inventory Turnover Historical Data

The historical data trend for Freeport-McMoRan's Inventory Turnover 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 Inventory Turnover Chart

Freeport-McMoRan Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.93

3.34

3.12

2.79

2.77

Freeport-McMoRan Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.66	0.74	0.70	0.72	0.65

Freeport-McMoRan Inventory Turnover Calculation

Freeport-McMoRan's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	17795	/ (	(6060	+	6808)	/	2 )
=	17795	/	6434
=	2.77

Freeport-McMoRan's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	4295	/ (	(6443	+	6808)	/	2 )
=	4295	/	6625.5
=	0.65

Freeport-McMoRan (XKAZ:FCX_KZ) 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 Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	6625.5	/	4295	*	365 / 4
	=	140.76

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 Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	6625.5	/	5720
	=	1.16

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

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Freeport-McMoRan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (XKAZ:FCX_KZ) » Definitions » Inventory Turnover

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Traded in Other Exchanges

FCX:USA FCX:Peru 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 2024, 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. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

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