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Southern Copper (Southern Copper) EBIT : $4,283 Mil (TTM As of Dec. 2023)


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What is Southern Copper EBIT?

Southern Copper's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $869 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $4,283 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Southern Copper's annualized ROC % for the quarter that ended in Dec. 2023 was 14.24%. Southern Copper's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 28.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Southern Copper's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.76%.


Southern Copper EBIT Historical Data

The historical data trend for Southern Copper's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Southern Copper EBIT Chart

Southern Copper Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,767.20 3,112.40 6,053.90 4,587.90 4,282.50

Southern Copper Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,451.10 1,385.50 929.50 1,098.90 868.70

Competitive Comparison of Southern Copper's EBIT

For the Copper subindustry, Southern Copper's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Southern Copper's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Southern Copper's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Southern Copper's EV-to-EBIT falls into.



Southern Copper EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,283 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Southern Copper  (NYSE:SCCO) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Southern Copper's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=3474.8 * ( 1 - 44.26% )/( (13538.5 + 13664)/ 2 )
=1936.85352/13601.25
=14.24 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Southern Copper's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3474.8/( ( (10648.2 + max(1321.5, 0)) + (10635.3 + max(1368.2, 0)) )/ 2 )
=3474.8/( ( 11969.7 + 12003.5 )/ 2 )
=3474.8/11986.6
=28.99 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1211.1 + 975.5 + 347.2) - (1212.3 + 0 + 0)
=1321.5

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1228.3 + 1016.9 + 433.5) - (1310.5 + 0 + 0)
=1368.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Southern Copper's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=4282.6/90043.339
=4.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Southern Copper EBIT Related Terms

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Southern Copper (Southern Copper) Business Description

Address
7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020
Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Its geographical segments are The Americas, Europe, and Asia.
Executives
Castillo Sanchez Mejorada Enrique director C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028
Palomino Bonilla Luis Miguel director C/O SOUTHERN PERU COPPER CORP, 2575 E CAMELBACK RD, PHOENIX AZ 85016
Velasco German Larrea Mota director, officer: Chairman of the Board and CEO
Contreras Lerdo De Tejada Leonardo director 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Andreve Vicente Ariztegui director 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Perez Alfredo Casar director C/O SOUTHERN COPPER CORPORATION, AV. CAMINOS DEL INCA 171, LIMA R5 33
Castro Raul Vaca officer: General Auditor 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Chapa Ramon Leal officer: Senior Vice President 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Quintanilla Daniel Muniz director C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028
Mac Gregor Anciola Rafael director 1440 E. MISSOURI AVENUE, STE. C160, PHOENIX AZ 85014
Lopez Abad Rafael F. officer: General Auditor 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Lina Vingerhoets officer: Comptroller 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Julian Jorge Lazalde officer: Secretary 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Andres C Ferrero officer: General Counsel 1440 E MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Oscar Gonzalez Rocha director, officer: President

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