Freeport-McMoRan (NYSE:FCX) Shareholders Will Want The ROCE Trajectory To Continue [Yahoo! Finance]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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investors.fcx.com/investors/presentations/default.aspx
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Source: Yahoo! Finance
growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. 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. The formula for this calculation on Freeport-McMoRan is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.15 = US$7.4b ÷ (US$55b - US$6.2b) (Based on the trailing twelve months to September 2024) Therefore, Freeport-McMoRan has an ROCE of 15%. On its own, that's a standard return, however it's much better than the 10% generated by the Metals and Mining industry. View our late
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- Freeport Declares Quarterly Cash Dividends on Common StockBusiness Wire
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FCX
Earnings
- 10/22/24 - Miss
FCX
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- 11/12/24 - Form 144
- FCX's page on the SEC website