Analysis of Geographic Areas
Freeport-McMoRan Inc. operates in 4 regions: Indonesia; U.S.; Chile; and Other.
Area Asset Turnover
Freeport-McMoRan Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Indonesia | 0.04 | 0.17 | 0.19 | 0.11 | 0.13 |
| U.S. | 0.77 | 0.83 | 0.86 | 0.62 | 0.58 |
| Chile | 0.39 | 0.35 | 0.31 | 0.19 | 0.22 |
| Other | 2.08 | 1.71 | 1.72 | 0.96 | 0.94 |
Based on: 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), 10-K (reporting date: 2019-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Indonesia | Indonesia area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| U.S. | U.S. area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Chile | Chile area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Other | Other area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Area Asset Turnover: Indonesia
Freeport-McMoRan Inc.; Indonesia; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 767) | 3,026) | 3,132) | 1,760) | 1,894) |
| Long-lived assets | 20,602) | 18,121) | 16,288) | 15,567) | 14,971) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.04 | 0.17 | 0.19 | 0.11 | 0.13 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 767 ÷ 20,602 = 0.04
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Indonesia | Indonesia area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: U.S.
Freeport-McMoRan Inc.; U.S.; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 7,264) | 7,339) | 7,168) | 5,248) | 5,107) |
| Long-lived assets | 9,386) | 8,801) | 8,292) | 8,420) | 8,834) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.77 | 0.83 | 0.86 | 0.62 | 0.58 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 7,264 ÷ 9,386 = 0.77
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Chile
Freeport-McMoRan Inc.; Chile; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 428) | 383) | 343) | 221) | 242) |
| Long-lived assets | 1,105) | 1,103) | 1,110) | 1,172) | 1,084) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.39 | 0.35 | 0.31 | 0.19 | 0.22 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 428 ÷ 1,105 = 0.39
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Chile | Chile area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Other
Freeport-McMoRan Inc.; Other; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 14,396) | 12,032) | 12,202) | 6,969) | 7,159) |
| Long-lived assets | 6,918) | 7,036) | 7,088) | 7,279) | 7,599) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.08 | 1.71 | 1.72 | 0.96 | 0.94 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 14,396 ÷ 6,918 = 2.08
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Long-lived assets
Freeport-McMoRan Inc., long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Indonesia | 20,602) | 18,121) | 16,288) | 15,567) | 14,971) |
| U.S. | 9,386) | 8,801) | 8,292) | 8,420) | 8,834) |
| Chile | 1,105) | 1,103) | 1,110) | 1,172) | 1,084) |
| Other | 6,918) | 7,036) | 7,088) | 7,279) | 7,599) |
| Total | 38,011) | 35,061) | 32,778) | 32,438) | 32,488) |
Based on: 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), 10-K (reporting date: 2019-12-31).
Revenues
Freeport-McMoRan Inc., revenues by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Indonesia | 767) | 3,026) | 3,132) | 1,760) | 1,894) |
| U.S. | 7,264) | 7,339) | 7,168) | 5,248) | 5,107) |
| Chile | 428) | 383) | 343) | 221) | 242) |
| Other | 14,396) | 12,032) | 12,202) | 6,969) | 7,159) |
| Total | 22,855) | 22,780) | 22,845) | 14,198) | 14,402) |
Based on: 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), 10-K (reporting date: 2019-12-31).