Southern Historical Income Statement

SCCO Stock

USD 99.71 1.17 1.19%

Historical analysis of Southern Copper income statement accounts such as Operating Income of 2.2 B, Ebit of 2.2 B, EBITDA of 2.6 B or Income Before Tax of 2 B can show how well Southern Copper performed in making a profits. Evaluating Southern Copper income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Southern Copper's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Southern Copper latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Southern Copper is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Copper. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Southern Stock, please use our How to Invest in Southern Copper guide.

About Southern Income Statement Analysis

Southern Copper Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Southern Copper shareholders. The income statement also shows Southern investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Southern Copper Income Statement Chart

At this time, Southern Copper's Interest Income is very stable compared to the past year. As of the 28th of November 2024, Reconciled Depreciation is likely to grow to about 834.7 M, while Interest Expense is likely to drop about 197.1 M.

Total Revenue Gross Profit Operating Income Ebitda Research Development

Total Revenue

Total revenue comprises all receipts Southern Copper generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Southern Copper minus its cost of goods sold. It is profit before Southern Copper operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Southern Copper operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Southern Copper is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Southern Copper's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Southern Copper current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Copper. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Southern Stock, please use our How to Invest in Southern Copper guide.At this time, Southern Copper's Interest Income is very stable compared to the past year. As of the 28th of November 2024, Reconciled Depreciation is likely to grow to about 834.7 M, while Interest Expense is likely to drop about 197.1 M.

	2021	2022	2023	2024 (projected)
Total Revenue	10.9B	10.0B	9.9B	5.1B
Interest Expense	357.1M	340.1M	326.7M	197.1M

Total Revenue Interest Expense

Southern Copper income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Other Operating Expenses	Cost Of Revenue	Total Operating Expenses	Minority Interest	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Selling And Marketing Expenses	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		-0.65	0.75	0.5	0.49	0.49	0.65	0.55	0.44	0.46	0.67	0.71	0.86	0.94	0.0	-0.06	0.49	-0.33	-0.76	-0.31	0.59	-0.65	-0.16	0.57	0.61
Interest Expense	-0.65		-0.4	-0.26	-0.22	-0.22	-0.34	-0.3	-0.8	-0.31	-0.34	-0.34	-0.45	-0.49	-0.44	-0.03	-0.13	0.21	0.27	0.14	0.05	-0.04	-0.15	0.02	0.03
Total Revenue	0.75	-0.4		0.91	0.91	0.91	0.97	0.93	0.17	0.87	0.93	0.88	0.92	0.74	0.01	-0.21	0.8	-0.15	-0.42	0.02	0.72	-0.53	-0.35	0.59	0.62
Gross Profit	0.5	-0.26	0.91		1.0	1.0	0.98	1.0	-0.02	0.97	0.92	0.72	0.67	0.53	0.16	-0.31	0.88	0.0	-0.08	0.01	0.7	-0.34	-0.38	0.55	0.53
Operating Income	0.49	-0.22	0.91	1.0		1.0	0.98	0.99	-0.06	0.96	0.92	0.72	0.67	0.53	0.1	-0.32	0.88	0.02	-0.09	0.01	0.73	-0.36	-0.39	0.56	0.54
Ebit	0.49	-0.22	0.91	1.0	1.0		0.98	0.99	-0.06	0.96	0.92	0.72	0.67	0.53	0.1	-0.32	0.88	0.03	-0.09	0.01	0.72	-0.35	-0.38	0.56	0.54
Ebitda	0.65	-0.34	0.97	0.98	0.98	0.98		0.99	0.07	0.94	0.95	0.81	0.8	0.65	0.07	-0.27	0.86	-0.05	-0.26	0.0	0.74	-0.46	-0.38	0.58	0.59
Income Before Tax	0.55	-0.3	0.93	1.0	0.99	0.99	0.99		0.03	0.97	0.93	0.74	0.71	0.58	0.15	-0.32	0.87	-0.01	-0.14	-0.01	0.71	-0.35	-0.35	0.56	0.54
Total Other Income Expense Net	0.44	-0.8	0.17	-0.02	-0.06	-0.06	0.07	0.03		0.01	0.14	0.04	0.3	0.23	0.35	-0.01	-0.13	-0.11	-0.36	0.07	-0.18	0.02	0.31	-0.36	-0.29
Net Income	0.46	-0.31	0.87	0.97	0.96	0.96	0.94	0.97	0.01		0.81	0.73	0.63	0.51	0.25	-0.31	0.84	0.01	-0.01	-0.03	0.57	-0.2	-0.28	0.54	0.51
Income Tax Expense	0.67	-0.34	0.93	0.92	0.92	0.92	0.95	0.93	0.14	0.81		0.7	0.77	0.65	0.0	-0.29	0.81	-0.05	-0.35	0.01	0.82	-0.53	-0.41	0.51	0.51
Selling General Administrative	0.71	-0.34	0.88	0.72	0.72	0.72	0.81	0.74	0.04	0.73	0.7		0.89	0.7	0.04	0.15	0.64	-0.27	-0.42	0.04	0.52	-0.46	-0.44	0.62	0.68
Other Operating Expenses	0.86	-0.45	0.92	0.67	0.67	0.67	0.8	0.71	0.3	0.63	0.77	0.89		0.81	-0.11	-0.08	0.61	-0.29	-0.65	0.01	0.61	-0.61	-0.27	0.54	0.61
Cost Of Revenue	0.94	-0.49	0.74	0.53	0.53	0.53	0.65	0.58	0.23	0.51	0.65	0.7	0.81		-0.05	-0.23	0.59	-0.27	-0.69	-0.52	0.69	-0.61	-0.06	0.78	0.75
Total Operating Expenses	0.0	-0.44	0.01	0.16	0.1	0.1	0.07	0.15	0.35	0.25	0.0	0.04	-0.11	-0.05		0.04	0.07	-0.27	0.36	-0.08	-0.27	0.43	0.06	-0.08	-0.19
Minority Interest	-0.06	-0.03	-0.21	-0.31	-0.32	-0.32	-0.27	-0.32	-0.01	-0.31	-0.29	0.15	-0.08	-0.23	0.04		-0.39	-0.05	0.05	0.36	-0.43	0.0	-0.2	-0.28	-0.08
Net Income From Continuing Ops	0.49	-0.13	0.8	0.88	0.88	0.88	0.86	0.87	-0.13	0.84	0.81	0.64	0.61	0.59	0.07	-0.39		0.0	-0.13	-0.19	0.74	-0.42	-0.26	0.64	0.72
Non Operating Income Net Other	-0.33	0.21	-0.15	0.0	0.02	0.03	-0.05	-0.01	-0.11	0.01	-0.05	-0.27	-0.29	-0.27	-0.27	-0.05	0.0		0.36	0.04	-0.1	0.14	0.06	-0.17	-0.26
Non Recurring	-0.76	0.27	-0.42	-0.08	-0.09	-0.09	-0.26	-0.14	-0.36	-0.01	-0.35	-0.42	-0.65	-0.69	0.36	0.05	-0.13	0.36		0.15	-0.51	0.72	0.16	-0.38	-0.46
Selling And Marketing Expenses	-0.31	0.14	0.02	0.01	0.01	0.01	0.0	-0.01	0.07	-0.03	0.01	0.04	0.01	-0.52	-0.08	0.36	-0.19	0.04	0.15		-0.3	0.05	-0.49	-0.61	-0.39
Tax Provision	0.59	0.05	0.72	0.7	0.73	0.72	0.74	0.71	-0.18	0.57	0.82	0.52	0.61	0.69	-0.27	-0.43	0.74	-0.1	-0.51	-0.3		-0.7	-0.34	0.76	0.72
Interest Income	-0.65	-0.04	-0.53	-0.34	-0.36	-0.35	-0.46	-0.35	0.02	-0.2	-0.53	-0.46	-0.61	-0.61	0.43	0.0	-0.42	0.14	0.72	0.05	-0.7		0.38	-0.48	-0.66
Net Interest Income	-0.16	-0.15	-0.35	-0.38	-0.39	-0.38	-0.38	-0.35	0.31	-0.28	-0.41	-0.44	-0.27	-0.06	0.06	-0.2	-0.26	0.06	0.16	-0.49	-0.34	0.38		-0.19	-0.22
Reconciled Depreciation	0.57	0.02	0.59	0.55	0.56	0.56	0.58	0.56	-0.36	0.54	0.51	0.62	0.54	0.78	-0.08	-0.28	0.64	-0.17	-0.38	-0.61	0.76	-0.48	-0.19		0.85
Extraordinary Items	0.61	0.03	0.62	0.53	0.54	0.54	0.59	0.54	-0.29	0.51	0.51	0.68	0.61	0.75	-0.19	-0.08	0.72	-0.26	-0.46	-0.39	0.72	-0.66	-0.22	0.85

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Southern Copper Account Relationship Matchups

Southern Copper income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	778.6M	775.6M	806M	796.3M	833.6M	875.3M
Interest Expense	340.7M	366.6M	357.1M	340.1M	326.7M	197.1M
Total Revenue	7.3B	8.0B	10.9B	10.0B	9.9B	5.1B
Gross Profit	2.9B	3.3B	6.2B	4.6B	4.3B	2.4B
Operating Income	2.8B	3.1B	6.1B	4.4B	4.2B	2.2B
Ebit	2.8B	3.1B	6.1B	4.4B	4.3B	2.2B
Ebitda	3.5B	3.9B	6.9B	5.2B	5.1B	2.6B
Income Before Tax	2.4B	2.7B	5.7B	4.3B	4.0B	2.0B
Total Other Income Expense Net	(326.5M)	(374.9M)	(368.3M)	(188M)	(236.5M)	(224.7M)
Net Income	1.5B	1.6B	3.4B	2.6B	2.4B	1.3B
Income Tax Expense	945.3M	1.2B	2.3B	1.6B	1.5B	761.8M
Selling General Administrative	131.8M	126M	125.2M	125M	127.7M	92.9M
Other Operating Expenses	4.5B	4.9B	4.9B	5.6B	5.7B	2.9B
Cost Of Revenue	4.4B	4.7B	4.7B	5.4B	5.6B	5.9B
Total Operating Expenses	161.8M	158.8M	168.6M	166.7M	127.2M	223.1M
Net Income Applicable To Common Shares	1.5B	1.6B	3.4B	2.6B	3.0B	3.2B
Minority Interest	5.2M	47.9M	7.4M	(14.1M)	(9.5M)	(10M)
Net Income From Continuing Ops	1.5B	2.8B	3.4B	2.6B	2.9B	2.1B
Non Operating Income Net Other	12.9M	(2.4M)	(1.9M)	2.4M	2.2M	3.1M
Tax Provision	945.3M	1.2B	2.3B	1.6B	1.6B	1.4B
Interest Income	21.2M	19.2M	7.2M	35M	83.6M	87.8M
Net Interest Income	(319.5M)	(347.4M)	(349.9M)	(305.1M)	(245.1M)	(257.4M)
Reconciled Depreciation	764.4M	775.6M	806M	796.3M	824.1M	834.7M

Pair Trading with Southern Copper

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Southern Copper position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Southern Copper will appreciate offsetting losses from the drop in the long position's value.

Moving together with Southern Stock

0.67

First Majestic Silver

Pair Corr

The ability to find closely correlated positions to Southern Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern Copper when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Southern Copper - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Southern Copper to buy it.

The correlation of Southern Copper is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern Copper moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Southern Copper can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Southern Copper offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Southern Copper's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Southern Copper Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Southern Copper Stock:

How To Invest In Southern

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Is Southern Stock a good investment?

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What is Southern Copper's Net Worth?

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Largest Metals & Mining Companies

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Largest Materials Companies

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To learn how to invest in Southern Stock, please use our How to Invest in Southern Copper guide.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southern Copper. If investors know Southern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Southern Copper listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.452

Dividend Share

2.37

Earnings Share

3.82

Revenue Per Share

13.947

Quarterly Revenue Growth

0.17

The market value of Southern Copper is measured differently than its book value, which is the value of Southern that is recorded on the company's balance sheet. Investors also form their own opinion of Southern Copper's value that differs from its market value or its book value, called intrinsic value, which is Southern Copper's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Southern Copper's market value can be influenced by many factors that don't directly affect Southern Copper's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Southern Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine if Southern Copper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southern Copper's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Southern Historical Income Statement

About Southern Income Statement Analysis

Southern Copper Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Southern Copper income statement Correlations

Southern Copper Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Southern Copper income statement Accounts

Pair Trading with Southern Copper

Moving together with Southern Stock

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Operating Income	+ 1.0	Gross Profit
Ebit	+ 1.0	Gross Profit
Income Before Tax	+ 1.0	Gross Profit
Ebit	+ 1.0	Operating Income
Income Before Tax	+ 0.99	Operating Income
Income Before Tax	+ 0.99	Ebit

Total Other Income Expense Net	- 0.8	Interest Expense
Non Recurring	- 0.76	Depreciation And Amortization
Interest Income	- 0.7	Tax Provision
Non Recurring	- 0.69	Cost Of Revenue
Extraordinary Items	- 0.66	Interest Income
Non Recurring	- 0.65	Other Operating Expenses