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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 9.92B | 17.3% |
Gross Profit | 3.52B | 17.5% |
Cost of Revenue | 6.41B | 17.2% |
Operating expense | 123M | 70.6% |
Net Income | 2.77B | 64.9% |
EBITDA | 4.59B | 40.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 86.7B | 5.3% |
Total Liabilities | 48.3B | 8.2% |
Total Equity | 37B | 1.1% |
Shares Outstanding | 4.28B | 0.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 1.15B | 68% |
Cash from financing | 490M | 126.2% |
EPS
Financial Highlights for Vale in Q2 '24
Vale reported a revenue of 9.92B, which is a 17.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3.52B, marking a 17.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 6.41B, a 17.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 123M, showing a -70.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.77B, showing a 64.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 4.59B, showing a 40.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Vale with growth in revenue, gross profit, and net income.