Ero Historical Cash Flow
| ERO Stock | CAD 19.04 0.32 1.71% |
Analysis of Ero Copper cash flow over time is an excellent tool to project Ero Copper Corp future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Depreciation of 48.7 M or Capital Expenditures of 483.7 M as it is a great indicator of Ero Copper ability to facilitate future growth, repay debt on time or pay out dividends.
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.
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About Ero Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Ero balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Ero's non-liquid assets can be easily converted into cash.
Ero Copper Cash Flow Chart
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Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Most accounts from Ero Copper's cash flow statement are interrelated and interconnected. However, analyzing cash flow 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 cash flow 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. At this time, Ero Copper's Sale Purchase Of Stock is very stable compared to the past year. As of the 22nd of December 2024, Net Borrowings is likely to grow to about 408.6 M, while Change To Inventory is likely to drop (5.5 M).
Ero Copper cash flow statement Correlations
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Ero Copper Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ero Copper cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Sale Purchase Of Stock | 1.9M | 4.4M | 5.6M | 8.8M | 7.9M | 15.2M | |
| Change To Inventory | (5.9M) | (6.4M) | (2.3M) | (1.7M) | (5.3M) | (5.5M) | |
| Change In Cash | 2.5M | 41.0M | 67.6M | 47.6M | (66.0M) | (62.7M) | |
| Net Borrowings | (7.5M) | 7.2M | (112.6M) | 338.4M | 389.2M | 408.6M | |
| Free Cash Flow | 21.6M | 45.0M | 182.8M | (152.4M) | (297.6M) | (282.7M) | |
| Change In Working Capital | (3.4M) | (9.5M) | (15.1M) | (18.0M) | (8.4M) | (8.8M) | |
| Total Cashflows From Investing Activities | (106.7M) | (116.6M) | (179.5M) | (425.8M) | (383.2M) | (364.1M) | |
| Other Cashflows From Financing Activities | (12.4M) | (11.3M) | (2.8M) | (11.1M) | (21.8M) | (20.7M) | |
| Depreciation | 46.2M | 39.3M | 47.3M | 59.0M | 83.0M | 48.7M | |
| Other Non Cash Items | 26.0M | 71.4M | 87.6M | (31.9M) | (33.1M) | (31.5M) | |
| Capital Expenditures | 106.3M | 117.8M | 181.8M | 295.8M | 460.6M | 483.7M | |
| Total Cash From Operating Activities | 127.8M | 162.8M | 364.6M | 143.4M | 163.1M | 144.8M | |
| Change To Account Receivables | (756K) | (13.3M) | (12.2M) | (1.9M) | 6.9M | 7.3M | |
| Change To Operating Activities | (4.6M) | 14.0M | (11.0M) | (13.8M) | (12.5M) | (11.8M) | |
| Net Income | 92.5M | 52.5M | 202.6M | 103.1M | 94.3M | 76.4M | |
| Total Cash From Financing Activities | (18.0M) | 288K | (115.4M) | 327.3M | 77.8M | 51.9M | |
| End Period Cash Flow | 21.5M | 62.5M | 130.1M | 177.7M | 111.7M | 82.6M | |
| Other Cashflows From Investing Activities | (467K) | 1.3M | 2.3M | (130.0M) | (117.0M) | (111.1M) | |
| Change To Netincome | (8.7M) | 81.4M | 130.3M | (1.6M) | (1.8M) | (1.7M) | |
| Change To Liabilities | 9.7M | (3.9M) | 10.4M | (614K) | (706.1K) | (670.8K) | |
| Investments | (106.7M) | 1.3M | 2.3M | (425.8M) | (308.2M) | (292.8M) | |
| Stock Based Compensation | 5.8M | 9.1M | 7.8M | 7.9M | 9.2M | 6.9M | |
| Begin Period Cash Flow | 18.9M | 21.5M | 62.5M | 130.1M | 177.7M | 186.6M | |
| Issuance Of Capital Stock | 1.9M | 4.4M | 4.0M | 0.0 | 104.3M | 109.5M |
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
Moving against Ero Stock
| 0.9 | WMT | Walmart Inc CDR | PairCorr |
| 0.88 | AMZN | Amazon CDR | PairCorr |
| 0.77 | GOOG | Alphabet CDR | PairCorr |
| 0.65 | ARX | ARC Resources | PairCorr |
| 0.64 | AAPL | Apple Inc CDR | PairCorr |
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.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. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.