Southern Copper (SCCO) Tax Rate (2009 - 2024)
Southern Copper (SCCO) recorded Tax Rate of 36.90% in Q3 2024, down 1.96 percentage points from 38.85% a year earlier and down 0.92 percentage points from the prior quarter.
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Analysis
Southern Copper (SCCO) Tax Rate (2009 - 2024) Analysis & Trends
On a TTM basis, Southern Copper's Tax Rate came in at 38.31% as of Sep 30, 2024, up 2.39 percentage points year-over-year; for FY2023, it came in at 38.40%, up 0.82 percentage points from FY2022.
- Annual Tax Rate has a five-year change of -2.29 percentage points (FY2018 to FY2023).
- Across earlier years, Tax Rate came in at 37.57% in FY2022 (-2.78 pp), 40.36% in FY2021 (-2.41 pp), 42.77% in FY2020 (+3.81 pp) and 38.96% in FY2019 (-1.73 pp).
- Quarterly Tax Rate has ranged from 30.49% in Q3 2022 to 50.74% in Q1 2020 over the past five years.
- On a year-over-year basis, Tax Rate rose in three of the last eight quarters, with an average year-over-year change of -0.09 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 12.68 percentage points in Q1 2020, against a drop of 10.68 percentage points in Q1 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 37.82% (Q2 2024), 36.64% (Q1 2024) and 44.26% (Q4 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (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 | 31.74% |
| 5 | Freeport-Mcmoran | 100.06 Bn | 84.10 Bn | 2.19 Bn | 28.19% |
| 6 | Agnico Eagle Mines | 94.12 Bn | 83.75 Bn | 2.43 Bn | 31.10% |
| 7 | Barrick Mining | 69.05 Bn | 44.25 Bn | 2.90 Bn | 27.90% |
| 8 | Nucor | 59.59 Bn | 48.98 Bn | 2.03 Bn | 21.23% |
| 9 | ArcelorMittal | 47.82 Bn | 26.84 Bn | - | - |
| 10 | AngloGold Ashanti | 46.49 Bn | 34.38 Bn | 1.70 Bn | 86.87% |
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();