Southern Copper (SCCO) Tax Provisions (2009 - 2024)
Southern Copper (SCCO) posted Tax Provisions of $526.4 million for Q3 2024, down 9.05% on a QoQ basis from $578.8 million in Q2 2024, and up 33.16% year-over-year from $395.3 million in Q4 2023.
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Analysis
Southern Copper (SCCO) Tax Provisions (2009 - 2024) Analysis & Trends
Southern Copper has reported Tax Provisions for 16 years, with the latest figure at $526.4 million in Q3 2024.
- On a quarterly basis, Tax Provisions rose 33.16% year-over-year to $526.4 million in Q3 2024; TTM through Sep 2024 was $1.9 billion, a 15.21% increase from a year earlier, with the FY2023 full-year figure at $1.5 billion, down 4.84% from the prior year.
- Tax Provisions was $526.4 million for Q3 2024 at Southern Copper, down from $578.8 million in the prior quarter.
- The five-year high for Tax Provisions was $647.7 million in Q2 2021, with the low at $221.7 million in Q1 2020.
- Average Tax Provisions over 5 years is $427.2 million, with a median of $423.4 million recorded in 2024.
- The sharpest annual moves came in 2021 and 2022: Tax Provisions jumped 188.64% in 2021, then slumped 58.35% in 2022.
- Over 5 years, Tax Provisions stood at $389.7 million in 2020, then surged by 52.78% to $595.4 million in 2021, then retreated by 22.89% to $459.1 million in 2022, then fell by 24.05% to $348.7 million in 2023, then surged by 50.96% to $526.4 million in 2024.
- The last three Tax Provisions figures came in at $526.4 million (Q3 2024), $578.8 million (Q2 2024), and $423.4 million (Q1 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 186.21 Bn | 152.34 Bn | - | - |
| 2 | Southern Copper | 170.20 Bn | 149.06 Bn | 2.90 Bn | - |
| 3 | Newmont | 127.93 Bn | 96.10 Bn | 4.03 Bn | 952.00 Mn |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | -22.89 Mn |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | 544.00 Mn |
| 6 | Agnico Eagle Mines | 97.22 Bn | 97.22 Bn | 2.43 Bn | 722.40 Mn |
| 7 | Barrick Mining | 71.84 Bn | 56.58 Bn | 2.90 Bn | -732.00 Mn |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | 345.00 Mn |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | -175.00 Mn |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 Bn | 1.70 Bn | -468.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 526.40 Mn |
| Jun 30, 2024 | 578.80 Mn |
| Mar 31, 2024 | 423.40 Mn |
| Dec 31, 2023 | 348.70 Mn |
| Sep 30, 2023 | 395.30 Mn |
| Jun 30, 2023 | 294.50 Mn |
| Mar 31, 2023 | 480.50 Mn |
| Dec 31, 2022 | 459.10 Mn |
| Sep 30, 2022 | 228.50 Mn |
| Jun 30, 2022 | 296.40 Mn |
| Mar 31, 2022 | 612.10 Mn |
| Dec 31, 2021 | 595.40 Mn |
| Sep 30, 2021 | 548.60 Mn |
| Jun 30, 2021 | 647.70 Mn |
| Mar 31, 2021 | 507.50 Mn |
| Dec 31, 2020 | 389.70 Mn |
| Sep 30, 2020 | 338.50 Mn |
| Jun 30, 2020 | 224.40 Mn |
| Mar 31, 2020 | 221.70 Mn |
| Dec 31, 2019 | 215.30 Mn |
API Access
Southern Copper Tax Provisions API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-provisions&ticker=SCCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "ticker": "SCCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-provisions&ticker=SCCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();