Vale (XMAD:XVALO) Pre-Tax Income

: €10,340 Mil (TTM As of Dec. 2023)

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Pretax income is the income that a company earns before paying income taxes. Vale's pretax income for the three months ended in Dec. 2023 was €2,889 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was €10,340 Mil. Vale's pretax margin was 24.14%.

During the past 13 years, Vale's highest Pretax Margin was 54.20%. The lowest was -75.60%. And the median was 20.85%.

Vale Pre-Tax Income Historical Data

The historical data trend for Vale's Pre-Tax Income 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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Vale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

-140.40

5,745.78

26,143.79

18,673.26

10,225.47

Vale Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pre-Tax Income																2,745.15	2,144.46	2,510.56	2,796.01	2,889.47

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Vale's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.

Vale Pre-Tax Income Distribution

For the Metals & Mining industry and Basic Materials sector, Vale's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Vale's Pre-Tax Income falls into.

Vale Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Vale's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	13269.907	+	-1259.958	+	-800.541	+	396.144	+	-1380.085
	=	10,225

Vale's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	4858.266	+	-1167.341	+	-198.989	+	96.285	+	-698.754
	=	2,889

Pre-Tax Income 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 €10,340 Mil.

Vale (XMAD:XVALO) Pre-Tax Income Explanation

Vale's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	2889.467	/	11970.518
	=	24.14%

During the past 13 years, Vale's highest Pretax Margin was 54.20%. The lowest was -75.60%. And the median was 20.85%.

Vale Pre-Tax Income Related Terms

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Vale (XMAD:XVALO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vale SA (XMAD:XVALO) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

VALE:USA VALE:Mexico 0LBF:UK CVLC:Germany VALE3:Brazil VALE:Argentina

Address

Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145

Website

https://www.vale.com

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.

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