Southern Copper (SCCO) Tax Provisions (2009 - 2024)
Southern Copper's Tax Provisions came in at $526.4 million for Q3 2024, up 33.2% from $395.3 million a year earlier but down 9.1% from the prior quarter.
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Analysis
Southern Copper (SCCO) Tax Provisions (2009 - 2024) Analysis & Trends
Over the trailing twelve months to Sep 30, 2024, Southern Copper reported Tax Provisions of $1.88 billion, up 15.2% year-over-year; for FY2023, it was $1.52 billion, down 4.8% from FY2022.
- Tax Provisions carries a five-year compound annual growth rate of 7.6% (FY2018 to FY2023).
- Going back by year, Tax Provisions was $1.6 billion in FY2022 (-30.6%), $2.3 billion in FY2021 (+95.8%), $1.17 billion in FY2020 (+24.2%) and $945.3 million in FY2019 (-10.3%).
- The five-year range for quarterly Tax Provisions is $215.3 million (Q4 2019) to $647.7 million (Q2 2021).
- Year-over-year, Tax Provisions increased in three of the last eight quarters, with growth averaging 15.2%.
- The fastest year-over-year change in Tax Provisions over five years came in Q2 2021 (growth of 188.6%), and the weakest in Q3 2022 (a decline of 58.3%).
- Business Quant data shows SCCO's Tax Provisions at $578.8 million (Q2 2024), $423.4 million (Q1 2024) and $348.7 million (Q4 2023) in the three quarters before Q3 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.53 Bn | 146.32 Bn | 2.90 Bn | - |
| 3 | Rio Tinto | 145.19 Bn | 105.69 Bn | - | - |
| 4 | Newmont | 125.76 Bn | 93.76 Bn | 4.03 Bn | 952.00 Mn |
| 5 | Freeport-Mcmoran | 100.06 Bn | 84.10 Bn | 2.19 Bn | 544.00 Mn |
| 6 | Agnico Eagle Mines | 94.12 Bn | 83.75 Bn | 2.43 Bn | 722.40 Mn |
| 7 | Barrick Mining | 69.05 Bn | 44.25 Bn | 2.90 Bn | 732.00 Mn |
| 8 | Nucor | 59.59 Bn | 48.98 Bn | 2.03 Bn | 345.00 Mn |
| 9 | ArcelorMittal | 47.82 Bn | 26.84 Bn | - | -175.00 Mn |
| 10 | AngloGold Ashanti | 46.49 Bn | 34.38 Bn | 1.70 Bn | 1.44 Bn |
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();