Ero Financial Statements From 2010 to 2024

ERO Stock  CAD 19.04  0.32  1.71%   
Ero Copper financial statements provide useful quarterly and yearly information to potential Ero Copper Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Ero Copper financial statements helps investors assess Ero Copper's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Ero Copper's valuation are summarized below:
Gross Profit
187.2 M
Profit Margin
0.0367
Market Capitalization
B
Enterprise Value Revenue
4.1227
Revenue
464.1 M
We have found one hundred twenty available fundamental signals for Ero Copper Corp, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to verify Ero Copper's prevailing fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. As of the 21st of December 2024, Market Cap is likely to drop to about 835.9 M. In addition to that, Enterprise Value is likely to drop to about 949.5 M

Ero Copper Total Revenue

316.42 Million

Check Ero Copper financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ero Copper's main balance sheet or income statement drivers, such as Tax Provision of 18.9 M, Interest Income of 12.2 M or Depreciation And Amortization of 48.7 M, as well as many indicators such as Price To Sales Ratio of 3.97, Dividend Yield of 0.0 or PTB Ratio of 1.77. Ero financial statements analysis is a perfect complement when working with Ero Copper Valuation or Volatility modules.
  
This module can also supplement various Ero Copper Technical models . Check out the analysis of Ero Copper Correlation against competitors.

Ero Copper Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets1.6 B1.5 B593.6 M
Slightly volatile
Short and Long Term Debt Total237.5 M445.8 M195.9 M
Slightly volatile
Other Current Liabilities45.9 M54.4 M42.7 M
Pretty Stable
Total Current Liabilities123.5 M173.8 M142.2 M
Slightly volatile
Total Stockholder Equity844.5 M804.2 M226.5 M
Slightly volatile
Other Liabilities74.6 M126.2 M67.8 M
Slightly volatile
Net Tangible Assets650.3 M619.4 M201.3 M
Slightly volatile
Property Plant And Equipment Net1.3 B1.3 B458.8 M
Slightly volatile
Current Deferred Revenue17.1 M17.2 M27.5 M
Slightly volatile
Accounts Payable78.6 M74.9 M26.8 M
Slightly volatile
Cash81.4 M111.7 M52.2 M
Slightly volatile
Non Current Assets Total1.4 B1.3 B477.4 M
Slightly volatile
Non Currrent Assets Other31.8 M30.3 M8.2 M
Slightly volatile
Other Assets29.8 M28.4 M10 M
Slightly volatile
Long Term Debt204.6 M405.9 M134.5 M
Slightly volatile
Cash And Short Term Investments100.6 M111.7 M62.8 M
Slightly volatile
Net Receivables5.4 M5.7 M7.1 M
Slightly volatile
Good Will14.2 M16 M17.4 M
Slightly volatile
Common Stock Total Equity111.2 M145.1 M78.7 M
Slightly volatile
Common Stock Shares Outstanding90.8 M94.9 M69.5 M
Slightly volatile
Long Term Debt Total491.6 M468.2 M158.3 M
Slightly volatile
Liabilities And Stockholders Equity1.6 B1.5 B593.6 M
Slightly volatile
Non Current Liabilities Total287.7 M528.6 M202.1 M
Slightly volatile
Inventory23.7 M42.3 M15.1 M
Slightly volatile
Other Current Assets28.2 M39.8 M27.9 M
Pretty Stable
Total Liabilities411.3 M702.4 M344.2 M
Slightly volatile
Property Plant And Equipment Gross1.7 B1.6 B530.1 M
Slightly volatile
Short and Long Term Debt19.6 M20.4 M57.6 M
Slightly volatile
Total Current Assets166 M199.5 M113.3 M
Slightly volatile
Non Current Liabilities Other5.2 M8.5 M6.1 M
Pretty Stable
Cash And Equivalents214.6 M204.4 M67.3 M
Slightly volatile
Short Term Debt22.3 M31.4 M59.6 M
Slightly volatile
Common Stock145.5 M271.3 M91.4 M
Slightly volatile
Property Plant Equipment930.9 M886.6 M413.6 M
Slightly volatile
Net Invested Capital1.3 B1.2 B471.9 M
Slightly volatile
Long Term Investments966.2 K1.4 M922.4 K
Slightly volatile
Capital Stock168.1 M271.3 M135.2 M
Slightly volatile
Capital Lease Obligations20.6 M19.6 M6.4 M
Slightly volatile
Capital Surpluse9.3 M10.1 M11.8 M
Slightly volatile

Ero Copper Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Income12.2 M12.5 M9.7 M
Slightly volatile
Depreciation And Amortization48.7 M83 M27.3 M
Slightly volatile
Selling General Administrative39.9 M60.1 M23.1 M
Slightly volatile
Selling And Marketing Expenses4.4 MM5.4 M
Slightly volatile
Other Operating Expenses208.6 M332.3 M116.5 M
Slightly volatile
Total Operating Expenses38.7 M64.3 M22.8 M
Slightly volatile
Reconciled Depreciation55.4 M83 M42.5 M
Slightly volatile

Ero Copper Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Sale Purchase Of Stock15.2 M7.9 M21.4 M
Slightly volatile
Depreciation48.7 M83 M27.3 M
Slightly volatile
Capital Expenditures483.7 M460.6 M120.5 M
Slightly volatile
End Period Cash Flow82.6 M111.7 M56.6 M
Slightly volatile
Stock Based Compensation6.9 M9.2 M3.8 M
Slightly volatile
Begin Period Cash Flow186.6 M177.7 M53 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.973.49893.3964
Slightly volatile
PTB Ratio1.771.85975.4435
Slightly volatile
Days Sales Outstanding4.634.875410.4702
Pretty Stable
Book Value Per Share8.978.54642.6348
Slightly volatile
Stock Based Compensation To Revenue0.01440.02160.0129
Slightly volatile
Capex To Depreciation5.835.54842.0853
Slightly volatile
PB Ratio1.771.85975.4435
Slightly volatile
EV To Sales4.54.28044.0147
Pretty Stable
Inventory Turnover8.986.40510.0467
Slightly volatile
Days Of Inventory On Hand38.456.987139.0465
Slightly volatile
Payables Turnover3.433.61447.0203
Slightly volatile
Sales General And Administrative To Revenue0.140.14070.1321
Pretty Stable
Capex To Revenue1.131.07760.565
Slightly volatile
Cash Per Share0.861.17990.7797
Slightly volatile
Days Payables Outstanding10610156.4227
Slightly volatile
Intangibles To Total Assets0.04470.05030.0548
Slightly volatile
Current Ratio1.111.14780.9333
Slightly volatile
Tangible Book Value Per Share8.978.54642.4639
Slightly volatile
Receivables Turnover78.6174.865147.0852
Very volatile
Graham Number14.3713.68455.3699
Slightly volatile
Shareholders Equity Per Share8.928.49282.6257
Slightly volatile
Debt To Equity0.50.533.4598
Slightly volatile
Capex Per Share5.114.86441.3343
Slightly volatile
Revenue Per Share3.04.51412.9055
Slightly volatile
Interest Debt Per Share4.874.63593.1346
Very volatile
Debt To Assets0.370.2820.4087
Slightly volatile
Operating Cycle50.2161.862649.9953
Slightly volatile
Price Book Value Ratio1.771.85975.4435
Slightly volatile
Days Of Payables Outstanding10610156.4227
Slightly volatile
Pretax Profit Margin0.180.26280.1214
Slightly volatile
Company Equity Multiplier1.791.87967.2361
Slightly volatile
Long Term Debt To Capitalization0.480.33540.539
Slightly volatile
Total Debt To Capitalization0.520.34640.6338
Slightly volatile
Debt Equity Ratio0.50.533.4598
Slightly volatile
Quick Ratio0.950.90470.8023
Slightly volatile
Cash Ratio0.540.64290.4333
Slightly volatile
Operating Cash Flow Sales Ratio0.340.38150.3054
Slightly volatile
Days Of Inventory Outstanding38.456.987139.0465
Slightly volatile
Days Of Sales Outstanding4.634.875410.4702
Pretty Stable
Price To Book Ratio1.771.85975.4435
Slightly volatile
Fixed Asset Turnover0.320.33350.5318
Slightly volatile
Debt Ratio0.370.2820.4087
Slightly volatile
Price Sales Ratio3.973.49893.3964
Slightly volatile
Asset Turnover0.560.28280.4165
Slightly volatile
Gross Profit Margin0.340.36690.2692
Slightly volatile
Price Fair Value1.771.85975.4435
Slightly volatile

Ero Copper Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap835.9 M1.5 B681.5 M
Slightly volatile
Enterprise Value949.5 M1.8 B822.3 M
Slightly volatile

Ero Fundamental Market Drivers

Forward Price Earnings3.917
Cash And Short Term Investments111.7 M

About Ero Copper Financial Statements

Ero Copper investors utilize fundamental indicators, such as revenue or net income, to predict how Ero Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue17.2 M17.1 M
Total Revenue427.5 M316.4 M
Cost Of Revenue270.6 M170.2 M
Stock Based Compensation To Revenue 0.02  0.01 
Sales General And Administrative To Revenue 0.14  0.14 
Capex To Revenue 1.08  1.13 
Revenue Per Share 4.51  3.00 
Ebit Per Revenue 0.22  0.22 

Pair Trading with Ero Copper

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ero Copper position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ero Copper will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ero Stock

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Moving against Ero Stock

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The ability to find closely correlated positions to Ero Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ero Copper when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ero Copper - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ero Copper Corp to buy it.
The correlation of Ero Copper is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ero Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ero Copper Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ero Copper can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Ero Copper Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ero Copper's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ero Copper Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ero Copper Corp Stock:
Check out the analysis of Ero Copper Correlation against competitors.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Please note, there is a significant difference between Ero Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ero Copper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ero Copper's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.