Freeport-McMoRan's total inventories for the quarter that ended in Mar. 2026 was €6,418 Mil. Freeport-McMoRan's average total inventories from the quarter that ended in Dec. 2025 to the quarter that ended in Mar. 2026 was €6,409 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Freeport-McMoRan's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was €-18.89.
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 147.64.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Freeport-McMoRan's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.62.
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 1.19.
Freeport-McMoRan (WBO:FCX) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Freeport-McMoRan's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is
4. 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
* 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
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Freeport-McMoRan Total Inventories Related Terms
Freeport-McMoRan Total Inventories Historical Data
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The historical data trend for Freeport-McMoRan's Total Inventories 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.
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Freeport-McMoRan (WBO:FCX) has a Total Inventories of €6,418 Mil as of Mar. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for Freeport-McMoRan and its competitors.
Is Freeport-McMoRan's Total Inventories too high?
Freeport-McMoRan's current Total Inventories is €6,418 Mil. Overall, Freeport-McMoRan has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's Total Inventories compare to SCCO and IE?
Freeport-McMoRan's Total Inventories of €6,418 Mil 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 Total Inventories for a Metals & Mining company?
A good Total Inventories depends on the Metals & Mining industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Freeport-McMoRan and its competitors. Freeport-McMoRan's current Total Inventories is €6,418 Mil. 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 (WBO:FCX) is currently considered Significantly Overvalued. The stock's GF Value™ is €40.18, compared to a current price of €54.59 — trading 35.9% above its estimated fair value. The current Total Inventories is €6,418 Mil. Freeport-McMoRan's overall GF Score™ is 90/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Freeport-McMoRan (WBO:FCX), the current Total Inventories is €6,418 Mil 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 (WBO:FCX) Overvalued in 2026?
Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued.
The current stock price of €54.59 is trading 35.9% above its estimated GF Value™ of €40.18.
GuruFocus considers Freeport-McMoRan to be Significantly Overvalued.
Key valuation signals for WBO:FCX:
Total Inventories: €6,418 Mil
GF Value™: €40.18 vs. price of €54.59 (35.9% above fair value)
No single metric tells the full story. See the WBO:FCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
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