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Financial information by segments (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of operating segments [abstract]  
Schedule of Information by Region

The segments are engaged in the manufacturing and sale of long steel products intended mainly for the building and automotive industries.

 

 

   Year ended December 31, 2019
   Mexico  USA  Brazil  Eliminations between segments  Total
                
Net sales  $18,530,672   $7,120,360   $8,520,169   $  $34,171,201 
Cost of sales   14,934,575    7,752,776    7,379,790       30,067,141 
                        
Gross profit (loss)   3,596,097    (632,416)   1,140,379       4,104,060 
Administrative expenses   848,495    267,756    521,174       1,637,425 
Other income (expenses), net   175,412    (71,324)   32,494       136,582 
Interest income   145,729    266    0       145,995 

 

Interest expense           3,438           (84,621)          (110,919)           137,053           (55,049)
Exchange rate gain (loss), net   628,044     (2,745)     177,314     (18,030)        784,583
                             
Income (loss) before income taxes     2,093,313     (910,458)     298,478     155,083     1,636,416
Income taxes        3,505,015           (236,598)      7,857           3,276,274
                             
Net income (loss) for the year $ (1,411,702)   $ (673,860)   $ 290,621   $ 155,083   $ (1,639,858)
                             
                             

Depreciation and

amortization

 $ 577,048   $ 260,760   $ 270,821         $ 1,108,629
                             
Total assets   34,761,662     8,419,771     6,002,701   $ (3,343,456)     45,840,678
                             
Total liabilities   9,079,632     4,219,817     3,274,908     (3,343,456)     13,230,901
                             
Acquisitions of property, plant and equipment   785,818     278,467     207,135           1,271,420
  Year ended December 31, 2018
  Mexico   USA   Brazil   Eliminations between segments   Total
                             
Net sales $  20,507,794   $   9,246,444   $  5,924,015   $     $ 35,678,253
Cost of sales    15,715,761      9,294,352     5,553,202           30,563,315
                             
Gross profit (loss)   4,792,033     (47,908)     370,813           5,114,938
Administrative expenses        592,218           267,905        219,889           1,080,012
Other income (expenses), net         11,367       3,685                                            15,052
Interest income    307,279     5,542                 312,821
Interest expense           52,226           (99,985)          (103,141)           134,389           (16,511)
Exchange rate gain (loss), net   445,289     7,522     (602,747)     3,040        (146,896)
                             
Income (loss) before income taxes     5,015,976     (399,049)     (554,964)     137,429     4,199,392
Income taxes        905,482           7,145      (160,165)           752,462
                             
Net income (loss) for the year $ 4,110,494   $ (406,194)   $ (394,799)   $ 137,429   $ 3,446,930
                             

Depreciation and

amortization

 $ 587,407   $ 268,635   $ 256,376         $ 1,112,418
                             
Total assets   40,617,874     10,181,967     6,733,362   $ (8,679,380)     48,853,823
                             
Total liabilities   8,458,465     10,815,692     2,750,043     (8,679,380)     13,344,820
                             
Acquisitions of property, plant and equipment   1,552,587     433,154     8,724           1,994,465
  Year ended December 31, 2017
  Mexico   USA   Brazil   Eliminations between segments   Total
                             
Net sales $  17,125,369   $  8,370,999   $  3,204,082   $     $ 28,700,450
Cost of sales    13,340,648      7,814,180      2,839,698           23,994,526
                             
Gross profit (loss)   3,784,721     556,819     364,384           4,705,924
                             
Administrative expenses         (753,676)           (257,001)        (228,266)           (1,238,943)
Other income (expenses), net           (98,915)      105,849                  6,934
Interest income    252,074                 217                                 252,291

 

Interest expense           (7,459)          (50,962)     (65,186)   $  69,203           (54,404)
Exchange rate gain (loss), net   (1,291,909)     (26,256)     1,861     661,942      (654,362)
                             
Income (loss) before income taxes   1,884,836     328,666     72,793     731,145     3,017,440
                             
                             
Income taxes   786,902     322,444     13,463           1,122,809
                             
Net income (loss) for the year $ 1,097,934   $ 6,222   $ 59,330   $ 731,145   $ 1,894,631
                             

 

Other information:

                            
Depreciation and amortization $ 677,665   $ 538,699   $ 249,395         $ 1,465,759
                             
                             
Total assets   32,878,144     10,548,895     5,356,860   $ (2,807,367)     45,976,532
                             
Total liabilities   1,134,438     10,760,999     2,570,925     (2,807,367)     11,658,995
                             
Acquisitions of property, plant and equipment   2,394,541     622,785     22,175           3,039,501
Schedule of Information on Products

Information on products:

  Year ended December 31,
  2 0 1 9   2 0 1 8   2 0 1 7
               

 

 

 

 

Light structural $ 1,396,632   $ 1,654,720   $

 

1,557,567

Structural   3,304,178     2,441,079     2,232,979
Bars   2,220,264     1,575,291     1,065,731
Rebar   12,370,490     12,363,530     8,931,862
Flat rebar   1,833,576     2,271,347     1,552,578
Hot rolled bars   8,226,613     9,549,286     8,594,130
Cold drawn bars   3,102,544     3,779,385     3,370,150
Others   1,716,904     2,043,615     1,395,453
  $ 34,171,201   $ 35,678,253   $ 28,700,450
Schedule of Information About Geographical Areas

Information about geographical areas:

  Year ended December 31,
  2 0 1 9   2 0 1 8   2 0 1 7
                 
Mexico $ 17,873,633   $ 20,421,529   $ 16,712,874
USA   7,544,078     8,975,585     8,333,259
Brazil   8,500,592     5,932,297     3,214,117
Canada   175,686     267,606     370,803
Latin America   60,672     60,578     30,173
Other (Europe and Asia)   16,540     20,658     39,224
  $ 34,171,201   $ 35,678,253   $ 28,700,450