Discontinued — last reported Q3 '16
Business Segments · Inventory Write Down
Mining Operations — Inventory Write Down
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ3 2016
How to read this metric
Frequent or large write-downs suggest poor inventory management or a significant downturn in commodity market pricing.
Detailed definition
Represents the reduction in the value of mineral inventories when market prices fall below the cost of production or whe...
Peer comparison
Commonly reported by commodity-based businesses as 'Lower of Cost or Market' (LCM) adjustments.
Metric ID:
fcx_segment_mining_operations_inventory_write_downSimilar Metrics at Other Companies
Frequently Asked Questions
- What does mining operations — inventory write down mean?
- A reduction in the recorded value of unsold minerals due to falling market prices or quality issues.