Southern Copper (SCCO) Tax Rate (2009 - 2024)
Southern Copper (SCCO) posted Tax Rate of 36.9% for Q3 2024, down 2.43% on a QoQ basis from 37.82% in Q2 2024, and down 196.0% year-over-year from 38.43% in Q4 2023.
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Analysis
Southern Copper (SCCO) Tax Rate (2009 - 2024) Analysis & Trends
Southern Copper has reported Tax Rate for 16 years, with the latest figure at 36.9% in Q3 2024.
- On a quarterly basis, Tax Rate fell 196.0% year-over-year to 36.9% in Q3 2024; TTM through Sep 2024 was 38.31%, a 239.0% increase from a year earlier, with the FY2023 full-year figure at 38.4%, up 82.0% from the prior year.
- Tax Rate was 36.9% for Q3 2024 at Southern Copper, down from 37.82% in the prior quarter.
- The five-year high for Tax Rate was 50.74% in Q1 2020, with the low at 30.49% in Q3 2022.
- Average Tax Rate over 5 years is 39.52%, with a median of 39.28% recorded in 2020.
- The sharpest annual moves came in 2020 and 2021: Tax Rate jumped 1268 bps in 2020, then tumbled 1068 bps in 2021.
- Over 5 years, Tax Rate stood at 39.28% in 2020, then gained by 3 bps to 40.64% in 2021, then declined by 17 bps to 33.56% in 2022, then jumped by 32 bps to 44.26% in 2023, then fell by 17 bps to 36.9% in 2024.
- The last three Tax Rate figures came in at 36.9% (Q3 2024), 37.82% (Q2 2024), and 36.64% (Q1 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (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 | 31.74% |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | -4.70% |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | 28.19% |
| 6 | Agnico Eagle Mines | 97.22 Bn | 97.22 Bn | 2.43 Bn | 31.10% |
| 7 | Barrick Mining | 71.84 Bn | 56.58 Bn | 2.90 Bn | -26.43% |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | 21.23% |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | -20.30% |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 Bn | 1.70 Bn | -28.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 36.90% |
| Jun 30, 2024 | 37.82% |
| Mar 31, 2024 | 36.64% |
| Dec 31, 2023 | 44.26% |
| Sep 30, 2023 | 38.85% |
| Jun 30, 2023 | 34.73% |
| Mar 31, 2023 | 36.88% |
| Dec 31, 2022 | 33.56% |
| Sep 30, 2022 | 30.49% |
| Jun 30, 2022 | 40.52% |
| Mar 31, 2022 | 43.76% |
| Dec 31, 2021 | 41.56% |
| Sep 30, 2021 | 38.67% |
| Jun 30, 2021 | 41.02% |
| Mar 31, 2021 | 40.06% |
| Dec 31, 2020 | 39.89% |
| Sep 30, 2020 | 40.13% |
| Jun 30, 2020 | 45.95% |
| Mar 31, 2020 | 50.74% |
| Dec 31, 2019 | 41.74% |
API Access
Southern Copper Tax Rate 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-rate&ticker=SCCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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-rate&ticker=SCCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();