Southern Copper (Southern Copper) Change In Receivables : $253 Mil (TTM As of Dec. 2023)

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What is Southern Copper Change In Receivables?

Southern Copper's change in receivables for the quarter that ended in Dec. 2023 was $-10 Mil. It means Southern Copper's Accounts Receivable increased by $10 Mil from Sep. 2023 to Dec. 2023 .

Southern Copper's change in receivables for the fiscal year that ended in Dec. 2023 was $253 Mil. It means Southern Copper's Accounts Receivable declined by $253 Mil from Dec. 2022 to Dec. 2023 .

Southern Copper's Accounts Receivable for the quarter that ended in Dec. 2023 was $1,228 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Southern Copper's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.82.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Southern Copper's liquidation value for the three months ended in Dec. 2023 was $-6,064 Mil.

Southern Copper Change In Receivables Historical Data

The historical data trend for Southern Copper's Change In Receivables 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.

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Southern Copper Change In Receivables Chart

Southern Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-10.50

-236.00

-289.80

-35.40

253.00

Southern Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-328.30	131.50	194.70	-63.10	-10.10

Southern Copper Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables 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 $253 Mil.

Southern Copper (NYSE:SCCO) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Southern Copper's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1228.3	/	2295.6	*	91
=	48.82

2. In Ben Graham's calculation of liquidation value, Southern Copper's accounts receivable are only considered to be worth 75% of book value:

Southern Copper's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1750.8	-	9244.1	+	0.75 * 1228.3	+	0.5 * 1016.9
=	-6,064

Southern Copper Change In Receivables Related Terms

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Southern Copper (Southern Copper) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Copper Corp (NYSE:SCCO) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

SCCO:Peru SCCO:Mexico PCU:Germany PCU:Germany SCCO:Argentina

Address

7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020

Website

https://www.southerncoppercorp.com

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