Freeport Net Tangible Assets vs Net Receivables Analysis
FCX Stock | USD 50.50 1.10 2.23% |
Freeport McMoran financial indicator trend analysis is much more than just examining Freeport McMoran Copper latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freeport McMoran Copper is a good investment. Please check the relationship between Freeport McMoran Net Tangible Assets and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Net Tangible Assets vs Net Receivables
Net Tangible Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freeport McMoran Copper Net Tangible Assets account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Freeport McMoran's Net Tangible Assets and Net Receivables is 0.41. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Freeport McMoran Copper Gold, assuming nothing else is changed. The correlation between historical values of Freeport McMoran's Net Tangible Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Freeport McMoran Copper Gold are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Tangible Assets i.e., Freeport McMoran's Net Tangible Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Net Receivables
Most indicators from Freeport McMoran's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freeport McMoran Copper current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Freeport McMoran's Discontinued Operations is fairly stable compared to the past year. Tax Provision is likely to rise to about 2.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 315.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 529M | 656M | 798M | 965.5M | Cost Of Revenue | 14.0B | 15.1B | 15.8B | 16.6B |
Freeport McMoran fundamental ratios Correlations
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Freeport McMoran Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Freeport McMoran fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 40.8B | 42.1B | 48.0B | 51.1B | 52.5B | 55.1B | |
Short Long Term Debt Total | 9.8B | 9.7B | 9.5B | 10.6B | 9.9B | 6.2B | |
Total Current Liabilities | 3.2B | 3.4B | 5.9B | 6.3B | 5.8B | 6.1B | |
Total Stockholder Equity | 9.3B | 10.2B | 14.0B | 15.6B | 16.7B | 17.5B | |
Property Plant And Equipment Net | 29.6B | 29.8B | 30.3B | 32.6B | 35.3B | 37.1B | |
Net Debt | 7.8B | 6.1B | 1.4B | 2.5B | 4.2B | 4.3B | |
Retained Earnings | (12.3B) | (11.7B) | (7.4B) | (3.9B) | (2.1B) | (2.2B) | |
Cash | 2.0B | 3.7B | 8.1B | 8.1B | 5.7B | 5.9B | |
Non Current Assets Total | 33.0B | 32.8B | 33.2B | 35.5B | 38.4B | 40.4B | |
Non Currrent Assets Other | 3.4B | 3.0B | 2.8B | (2.1B) | (2.4B) | (2.2B) | |
Cash And Short Term Investments | 2.0B | 3.7B | 8.1B | 8.1B | 6.0B | 6.3B | |
Net Receivables | 1.2B | 1.4B | 1.7B | 1.8B | 1.7B | 1.0B | |
Common Stock Shares Outstanding | 1.5B | 1.5B | 1.5B | 1.5B | 1.4B | 814.2M | |
Liabilities And Stockholders Equity | 40.8B | 42.1B | 48.0B | 51.1B | 52.5B | 55.1B | |
Non Current Liabilities Total | 20.2B | 20.1B | 19.1B | 19.9B | 19.4B | 10.9B | |
Other Current Assets | 655M | 341M | 523M | 492M | 375M | 192.2M | |
Other Stockholder Equity | 22.1B | 22.3B | 21.6B | 19.6B | 18.9B | 9.5B | |
Total Liab | 23.4B | 23.5B | 25.0B | 26.2B | 25.2B | 13.4B | |
Total Current Assets | 7.8B | 9.3B | 14.8B | 15.6B | 14.1B | 14.8B | |
Other Current Liab | 628M | 610M | 1.8B | 1.2B | 2.3B | 2.5B | |
Accounts Payable | 2.6B | 2.7B | 3.5B | 4.0B | 2.5B | 1.7B | |
Short Term Debt | 5M | 34M | 372M | 1.0B | 850M | 892.5M | |
Property Plant And Equipment Gross | 29.6B | 29.8B | 77.0B | 80.9B | 84.6B | 88.8B | |
Accumulated Other Comprehensive Income | (676M) | (583M) | (388M) | (320M) | (274M) | (287.7M) | |
Other Liab | 10.1B | 10.4B | 10.0B | 10B | 11.5B | 12.1B | |
Other Assets | 2.6B | 3.0B | 2.8B | 2.1B | 2.4B | 2.2B | |
Long Term Debt | 9.8B | 9.7B | 9.1B | 9.6B | 8.7B | 8.6B | |
Treasury Stock | (3.7B) | (3.8B) | (4.3B) | (5.7B) | (5.1B) | (4.9B) | |
Property Plant Equipment | 31.0B | 31.3B | 30.3B | 33.9B | 39.0B | 22.3B | |
Short Term Investments | 11M | 109M | 100M | 500M | 300M | 315M | |
Intangible Assets | 402M | 401M | 412M | 416M | 422M | 346.4M | |
Good Will | 306M | 398M | 402M | 401M | 360.9M | 678.1M | |
Net Tangible Assets | 9.3B | 10.2B | 14.0B | 15.6B | 14.0B | 9.9B | |
Noncontrolling Interest In Consolidated Entity | 8.2B | 8.5B | 9.0B | 9.3B | 10.7B | 5.7B | |
Retained Earnings Total Equity | (12.3B) | (11.7B) | (7.4B) | (3.9B) | (3.5B) | (3.7B) |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Freeport McMoran Copper information on this page should be used as a complementary analysis to other Freeport McMoran's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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Is Freeport McMoran's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Freeport McMoran. If investors know Freeport will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Freeport McMoran listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.30) | Dividend Share 0.6 | Earnings Share 1.28 | Revenue Per Share 16.585 | Quarterly Revenue Growth 0.173 |
The market value of Freeport McMoran Copper is measured differently than its book value, which is the value of Freeport that is recorded on the company's balance sheet. Investors also form their own opinion of Freeport McMoran's value that differs from its market value or its book value, called intrinsic value, which is Freeport McMoran's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Freeport McMoran's market value can be influenced by many factors that don't directly affect Freeport McMoran's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Freeport McMoran's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freeport McMoran is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freeport McMoran's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.