Vale (MEX:VALE) Gross Profit : MXN285,776 Mil (TTM As of Sep. 2024)

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What is Vale Gross Profit?

Vale's gross profit for the three months ended in Sep. 2024 was MXN64,427 Mil. Vale's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was MXN285,776 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Vale's gross profit for the three months ended in Sep. 2024 was MXN64,427 Mil. Vale's Revenue for the three months ended in Sep. 2024 was MXN188,101 Mil. Therefore, Vale's Gross Margin % for the quarter that ended in Sep. 2024 was 34.25%.

Vale had a gross margin of 34.25% for the quarter that ended in Sep. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Vale was 60.13%. The lowest was 19.81%. And the median was 40.95%.

Vale Gross Profit Historical Data

The historical data trend for Vale's Gross Profit 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 Gross Profit Chart

Vale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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325,089.82

437,246.05

672,305.32

386,235.26

300,359.32

Vale Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Profit	Get a 7-Day Free Trial															75,145.12	104,612.29	51,315.62	65,421.09	64,426.66

Competitive Comparison of Vale's Gross Profit

For the Other Industrial Metals & Mining subindustry, Vale's Gross Profit, along with its competitors' market caps and Gross Profit 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's Gross Profit Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vale's Gross Profit distribution charts can be found below:

* The bar in red indicates where Vale's Gross Profit falls into.

Vale Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

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

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	709251.978	-	408892.66
	=	300,359

Vale's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	188101.436	-	123674.774
	=	64,427

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN285,776 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Vale's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	64,427	/	188101.436
	=	34.25 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Vale (MEX:VALE) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Vale had a gross margin of 34.25% for the quarter that ended in Sep. 2024 => Competition eroding margins

Vale Gross Profit Related Terms

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Vale Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

VALE:USA 0LBF:UK XVALO:Spain CVLC:Germany CVLC:Germany CVLB:Germany CVLB:Germany CVLC:Germany CVLB:Germany VALE3:Brazil CVLB:Bulgaria VALE:Argentina

Address

Praia de Botafogo, 186, offices 1101, 1701 and 1801, 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. In 2024, Vale sold a minority 10% stake in energy transition metals, its base metals business, likely the first step in separating base metals and iron ore.