Analysis of Inventory
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Current Ratio since 2005
- Price to Book Value (P/BV) since 2005
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Inventory Disclosure
Freeport-McMoRan Inc., balance sheet: inventory
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | |||||||||||
| Materials and supplies, net | |||||||||||
| Mill and leach stockpiles | |||||||||||
| Inventories |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The financial data reflects a general upward trend in the company's product value, materials and supplies, mill and leach stockpiles, and overall inventories over the five-year period.
- Product Value
- The product value increased steadily each year, beginning at $1,285 million in 2020 and rising to $3,038 million by 2024. This represents a significant growth, more than doubling over the period, which suggests strong sales performance or increased production capacity.
- Materials and Supplies
- Materials and supplies show a continuous increase from $1,594 million in 2020 to $2,382 million in 2024. The consistent rise indicates ongoing investment in raw materials and operational inputs aligned with production growth.
- Mill and Leach Stockpiles
- The mill and leach stockpiles also increased from $1,014 million in 2020 to a peak of $1,419 million in 2023, followed by a slight decline to $1,388 million in 2024. The peak and subsequent mild reduction might indicate an effort to manage inventory levels more efficiently or changes in processing rates.
- Inventories
- Total inventories grew significantly from $3,893 million in 2020 to $6,808 million in 2024. This growth corresponds with the increases observed in both materials and supplies and stockpiles, demonstrating an overall expansion in inventory holdings which could support higher future production or sales.
Overall, the data indicates the company has been increasing its input resources and inventory levels in line with its product output growth. The pattern suggests a scaling-up phase, with careful management of stockpiles towards the most recent year.