United States Copper Index Fund, LP Financials

CPER

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2022 Currency USD FYE December

This page shows United States Copper Index Fund, LP (CPER) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CPER FY2021 2026-04-22

Capital flows and asset-value swings, not traditional margins, appear to drive this entity’s reported financial results.

FY2021’s rebound in net income to $75.3M arrived alongside operating cash inflow of $73.6M. But cash rebuilt to $430.8M only after a much larger financing inflow of $212.0M; compared with FY2019-FY2020, that says the recovery reflected incoming capital as much as improved operations.

Across FY2017-FY2020, liabilities stayed minimal, never above $3.6M. With FY2020 assets still at $129.0M and debt-to-equity below 0.02x throughout the comparable years, balance-sheet strain was driven far more by asset-value swings than by leverage.

The statements do not look like a classic cost-and-margin business: gross profit data is absent across the series, while earnings swing from -$18.1M in FY2020 to $75.3M in FY2021. For a reader trying to understand operations, cash movements and financing flows are therefore more informative than revenue-style analysis, because they show when capital is entering or leaving the structure.

Financial Health Signals

Financial Profile 17/100

Based on FY2021 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of United States Copper Index Fund, LP's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings Quality Mixed

0.98x

For every $1 of reported earnings, United States Copper Index Fund, LP generates $0.98 in operating cash flow ($73.6M OCF vs $75.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$75.3M

YoY+515.1%

United States Copper Index Fund, LP reported $75.3M in net income in fiscal year 2021. This represents an increase of 515.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$430.8M

5Y CAGR-6.7%

10Y CAGR+3.3%

United States Copper Index Fund, LP held $430.8M in cash against $0 in long-term debt as of fiscal year 2021.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

CPER Income Statement

Metric	FY21	FY20	FY19	FY18	FY17	FY16
Revenue	N/A	N/A	N/A	N/A	$34.1M	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$75.3M+515.1%	-$18.1M-122.9%	-$8.1M+89.1%	-$74.9M-362.0%	$28.6M+284.8%	-$15.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20	Q2'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$78.7M	N/A	N/A	N/A	$23.5M	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CPER Balance Sheet

Metric	FY21	FY20	FY19	FY18	FY17	FY16
Total Assets	N/A	$129.0M-35.5%	$200.0M-57.9%	$475.6M-8.4%	$519.2M-20.3%	$651.2M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$430.8M	N/A	$169.7M-61.3%	$438.4M+9.1%	$401.9M-33.9%	$608.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$436K-85.9%	$3.1M+184.6%	$1.1M-69.5%	$3.6M-50.5%	$7.2M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	$128.5M-34.7%	$196.9M-58.5%	$474.5M-8.0%	$515.6M-19.9%	$643.9M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20	Q2'20
Total Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$574.6M+33.4%	$430.8M-7.8%	$467.1M-6.1%	$497.3M+46.3%	$340.0M+105.2%	$165.7M+32.8%	$124.7M-3.1%	$128.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CPER Cash Flow Statement

Metric	FY21	FY20	FY19	FY18	FY17	FY16
Operating Cash Flow	$73.6M+377.3%	-$26.5M-3.8%	-$25.6M-220.0%	$21.3M+142.1%	-$50.6M-394.0%	-$10.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$212.0M+4649.6%	-$4.7M+98.3%	-$267.6M-890.8%	$33.8M+120.8%	-$162.9M-215.8%	$140.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20	Q2'20
Operating Cash Flow	$65.6M+175.5%	$23.8M+587.9%	-$4.9M-114.5%	$33.6M+59.9%	$21.0M+80.8%	$11.6M-4.9%	$12.2M+358.1%	-$4.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$80.1M+221.5%	-$65.9M-88.5%	-$34.9M-124.1%	$144.8M-13.8%	$168.1M+543.7%	$26.1M+207.9%	-$24.2M-383.7%	$8.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CPER Financial Ratios

Metric	FY21	FY20	FY19	FY18	FY17	FY16
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	84.0%	N/A
Return on Equity	N/A	-14.1%-10.0pp	-4.1%+11.7pp	-15.8%-21.3pp	5.5%+8.0pp	-2.4%
Return on Assets	N/A	-14.1%-10.0pp	-4.1%+11.7pp	-15.8%-21.3pp	5.5%+7.9pp	-2.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	N/A	0.00-0.0	0.02+0.0	0.000.0	0.010.0	0.01
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20	Q2'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is United States Copper Index Fund, LP profitable?

Yes, United States Copper Index Fund, LP (CPER) reported a net income of $75.3M in fiscal year 2021.

What is United States Copper Index Fund, LP's operating cash flow?

United States Copper Index Fund, LP (CPER) generated $73.6M in operating cash flow during fiscal year 2021, representing cash generated from core business activities.

Are United States Copper Index Fund, LP's earnings high quality?

United States Copper Index Fund, LP (CPER) has an earnings quality ratio of 0.98x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is United States Copper Index Fund, LP?

United States Copper Index Fund, LP (CPER) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.