Southern Copper (LIM:SCCO) COGS-to-Revenue : 0.53 (As of Mar. 2024)

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What is Southern Copper COGS-to-Revenue?

Southern Copper's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,367 Mil. Its Revenue for the three months ended in Mar. 2024 was $2,600 Mil.

Southern Copper's COGS to Revenue for the three months ended in Mar. 2024 was 0.53.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Southern Copper's Gross Margin % for the three months ended in Mar. 2024 was 47.43%.

Southern Copper COGS-to-Revenue Historical Data

The historical data trend for Southern Copper's COGS-to-Revenue 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 COGS-to-Revenue Chart

Southern Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.60

0.59

0.43

0.54

0.56

Southern Copper Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.50	0.59	0.55	0.60	0.53

Southern Copper COGS-to-Revenue Calculation

Southern Copper's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5521.3	/	9895.8
	=	0.56

Southern Copper's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1366.6	/	2599.8
	=	0.53

Southern Copper (LIM:SCCO) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Southern Copper's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1366.6 / 2599.8
	=	47.43 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Southern Copper COGS-to-Revenue Related Terms

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Southern Copper (LIM:SCCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Copper Corp (LIM:SCCO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

SCCO:USA SCCO:Mexico 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.