Investors Will Want Freeport-McMoRan's (NYSE:FCX) Growth In ROCE To Persist [Yahoo! Finance]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Speaking of which, we noticed some great changes in Freeport-McMoRan's NYSE:FCX ) returns on capital, so let's have a look. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Freeport-McMoRan: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.15 = US$7.3b ÷ (US$55b - US$6.2b) (Based on the trailing twelve months to September 2024) So, Freeport-McMoRan has an ROCE of 15%. In absolute terms, that's a satisfactory return, but compared to the Metals and Mining indu
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FCX
Earnings
- 1/24/25 - Miss
FCX
Sec Filings
- 2/14/25 - Form 10-K
- 2/13/25 - Form 4
- 2/13/25 - Form 4
- FCX's page on the SEC website