Ero Historical Income Statement

ERO Stock

CAD 19.04 0.32 1.71%

Historical analysis of Ero Copper income statement accounts such as Depreciation And Amortization of 48.7 M or Interest Expense of 12.6 M can show how well Ero Copper Corp performed in making a profits. Evaluating Ero Copper income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ero Copper's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Ero Copper Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Ero Copper Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ero Copper Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Ero Income Statement Analysis

Ero Copper Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Ero Copper shareholders. The income statement also shows Ero investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Ero Copper Income Statement Chart

At this time, Ero Copper's Tax Provision is very stable compared to the past year. As of the 22nd of December 2024, Operating Income is likely to grow to about 104.6 M, while Interest Income is likely to drop about 12.2 M.

Interest Expense Selling And Marketing Expenses Gross Profit Ebitda Cost Of Revenue Net Income

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Ero Copper Corp minus its cost of goods sold. It is profit before Ero Copper operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Cost Of Revenue

Cost of Revenue is found on Ero Copper Corp income statement and represents the costs associated with goods and services Ero Copper provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Ero Copper Corp financial statement analysis. It represents the amount of money remaining after all of Ero Copper Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most accounts from Ero Copper's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ero Copper Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ero Copper Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Ero Copper income statement Correlations

	Tax Provision	Interest Income	Discontinued Operations	Depreciation And Amortization	Selling General Administrative	Selling And Marketing Expenses	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Extraordinary Items	Total Other Income Expense Net	Net Income	Income Tax Expense	Minority Interest	Net Interest Income	Reconciled Depreciation
Tax Provision		0.18	-0.32	0.49	0.6	-0.38	0.55	0.73	0.66	0.74	0.71	0.7	0.76	-0.33	-0.15	0.66	1.0	-0.63	0.48	0.58
Interest Income	0.18		-0.74	0.61	0.53	-0.09	0.6	0.43	0.44	0.44	0.51	0.56	0.41	-0.74	-0.15	0.44	0.17	-0.08	0.17	0.36
Discontinued Operations	-0.32	-0.74		-0.9	-0.87	0.26	-0.89	-0.73	-0.7	-0.75	-0.83	-0.82	-0.66	1.0	0.37	-0.7	-0.31	-0.03	-0.37	-0.61
Depreciation And Amortization	0.49	0.61	-0.9		0.97	-0.46	0.99	0.71	0.73	0.76	0.86	0.96	0.72	-0.9	-0.14	0.73	0.48	-0.23	0.42	0.9
Selling General Administrative	0.6	0.53	-0.87	0.97		-0.41	0.99	0.82	0.82	0.85	0.92	0.96	0.82	-0.88	-0.2	0.82	0.6	-0.25	0.42	0.88
Selling And Marketing Expenses	-0.38	-0.09	0.26	-0.46	-0.41		-0.43	-0.21	-0.26	-0.26	-0.32	-0.43	-0.26	0.26	-0.35	-0.26	-0.37	0.48	-0.48	-0.59
Other Operating Expenses	0.55	0.6	-0.89	0.99	0.99	-0.43		0.75	0.77	0.79	0.88	0.98	0.77	-0.9	-0.14	0.77	0.55	-0.27	0.37	0.89
Operating Income	0.73	0.43	-0.73	0.71	0.82	-0.21	0.75		0.93	0.99	0.97	0.76	0.94	-0.73	-0.44	0.93	0.72	-0.2	0.64	0.54
Net Income From Continuing Ops	0.66	0.44	-0.7	0.73	0.82	-0.26	0.77	0.93		0.94	0.93	0.77	0.99	-0.7	-0.13	1.0	0.66	-0.4	0.57	0.62
Ebit	0.74	0.44	-0.75	0.76	0.85	-0.26	0.79	0.99	0.94		0.99	0.8	0.95	-0.75	-0.4	0.94	0.73	-0.24	0.67	0.61
Ebitda	0.71	0.51	-0.83	0.86	0.92	-0.32	0.88	0.97	0.93	0.99		0.88	0.94	-0.83	-0.35	0.93	0.7	-0.25	0.64	0.72
Total Operating Expenses	0.7	0.56	-0.82	0.96	0.96	-0.43	0.98	0.76	0.77	0.8	0.88		0.79	-0.82	-0.13	0.77	0.69	-0.41	0.38	0.89
Income Before Tax	0.76	0.41	-0.66	0.72	0.82	-0.26	0.77	0.94	0.99	0.95	0.94	0.79		-0.66	-0.15	0.99	0.75	-0.46	0.57	0.64
Extraordinary Items	-0.33	-0.74	1.0	-0.9	-0.88	0.26	-0.9	-0.73	-0.7	-0.75	-0.83	-0.82	-0.66		0.37	-0.7	-0.32	-0.03	-0.37	-0.61
Total Other Income Expense Net	-0.15	-0.15	0.37	-0.14	-0.2	-0.35	-0.14	-0.44	-0.13	-0.4	-0.35	-0.13	-0.15	0.37		-0.12	-0.15	-0.64	-0.29	0.13
Net Income	0.66	0.44	-0.7	0.73	0.82	-0.26	0.77	0.93	1.0	0.94	0.93	0.77	0.99	-0.7	-0.12		0.65	-0.4	0.57	0.62
Income Tax Expense	1.0	0.17	-0.31	0.48	0.6	-0.37	0.55	0.72	0.66	0.73	0.7	0.69	0.75	-0.32	-0.15	0.65		-0.64	0.48	0.57
Minority Interest	-0.63	-0.08	-0.03	-0.23	-0.25	0.48	-0.27	-0.2	-0.4	-0.24	-0.25	-0.41	-0.46	-0.03	-0.64	-0.4	-0.64		-0.16	-0.47
Net Interest Income	0.48	0.17	-0.37	0.42	0.42	-0.48	0.37	0.64	0.57	0.67	0.64	0.38	0.57	-0.37	-0.29	0.57	0.48	-0.16		0.38
Reconciled Depreciation	0.58	0.36	-0.61	0.9	0.88	-0.59	0.89	0.54	0.62	0.61	0.72	0.89	0.64	-0.61	0.13	0.62	0.57	-0.47	0.38

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Ero Copper Account Relationship Matchups

Ero Copper income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Tax Provision	(17.6M)	8.9M	34.3M	23.3M	18.0M	18.9M
Interest Income	16.6M	1.3M	24.1M	10.0M	12.5M	12.2M
Depreciation And Amortization	46.2M	39.3M	47.3M	59.0M	83.0M	48.7M
Interest Expense	11.6M	10.2M	5.6M	21.1M	12.8M	12.6M
Selling General Administrative	39.1M	37M	46.4M	57.1M	60.1M	39.9M
Total Revenue	284.8M	324.1M	489.9M	426.4M	427.5M	316.4M
Gross Profit	117.1M	188.1M	318.9M	187.2M	156.8M	146.2M
Other Operating Expenses	188.3M	164.9M	218.8M	298.8M	332.3M	208.6M
Operating Income	93.4M	154.1M	264.0M	126.7M	92.5M	104.6M
Net Income From Continuing Ops	92.5M	52.5M	202.6M	103.1M	94.3M	76.3M
Ebit	93.4M	154.1M	264.0M	126.7M	125.1M	110.1M
Ebitda	139.5M	193.4M	311.3M	185.7M	208.2M	158.8M
Cost Of Revenue	167.8M	135.9M	171.1M	239.2M	270.6M	170.2M
Total Operating Expenses	20.5M	29.0M	47.8M	59.6M	64.4M	38.7M
Income Before Tax	74.8M	61.4M	236.9M	126.4M	112.4M	84.0M
Total Other Income Expense Net	(3.6M)	(97.7M)	(27.1M)	(1.2M)	19.9M	20.8M
Net Income Applicable To Common Shares	91.9M	51.6M	201.1M	101.8M	117.1M	72.5M
Net Income	91.9M	51.6M	201.1M	101.8M	92.8M	76.2M
Income Tax Expense	(17.6M)	8.9M	34.3M	23.3M	18.0M	18.9M
Minority Interest	835K	1.4M	(1.6M)	(1.2M)	(1.5M)	(1.4M)
Net Interest Income	(16.2M)	(10.5M)	(8.6M)	(21.6M)	(10.7M)	(11.2M)
Reconciled Depreciation	46.2M	39.3M	47.3M	59.0M	83.0M	55.4M

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

0.86	ORE	Orezone Gold Corp	Pair Corr
0.8	INFM	Infinico Metals Corp	Pair Corr

Moving against Ero Stock

0.9	WMT	Walmart Inc CDR	Pair Corr
0.88	AMZN	Amazon CDR	Pair Corr
0.77	GOOG	Alphabet CDR	Pair Corr
0.65	ARX	ARC Resources	Pair Corr
0.64	AAPL	Apple Inc CDR	Pair Corr

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 Correlation Correlation 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:

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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.

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Ero Historical Income Statement

About Ero Income Statement Analysis

Ero Copper Income Statement Chart

Interest Expense

Gross Profit

Cost Of Revenue

Net Income

Ero Copper income statement Correlations

Ero Copper Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ero Copper income statement Accounts

Pair Trading with Ero Copper

Moving together with Ero Stock

Moving against Ero Stock

COMMON DESTINATIONS

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COMPANY

Income Tax Expense	+ 1.0	Tax Provision
Extraordinary Items	+ 1.0	Discontinued Operations
Net Income	+ 1.0	Net Income From Continuing Ops
Other Operating Expenses	+ 0.99	Depreciation And Amortization
Other Operating Expenses	+ 0.99	Selling General Administrative
Ebit	+ 0.99	Operating Income

Extraordinary Items	- 0.9	Other Operating Expenses
Extraordinary Items	- 0.9	Depreciation And Amortization
Depreciation And Amortization	- 0.9	Discontinued Operations
Other Operating Expenses	- 0.89	Discontinued Operations
Extraordinary Items	- 0.88	Selling General Administrative
Selling General Administrative	- 0.87	Discontinued Operations