Ero Copper (TSX:ERO) Days Inventory : 51.71 (As of Dec. 2023)

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What is Ero Copper Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ero Copper's Average Total Inventories for the three months ended in Dec. 2023 was C$56.7 Mil. Ero Copper's Cost of Goods Sold for the three months ended in Dec. 2023 was C$100.0 Mil. Hence, Ero Copper's Days Inventory for the three months ended in Dec. 2023 was 51.71.

The historical rank and industry rank for Ero Copper's Days Inventory or its related term are showing as below:

TSX:ERO' s Days Inventory Range Over the Past 10 Years
Min: 19.47 Med: 42.32 Max: 60.97
Current: 49.63

During the past 8 years, Ero Copper's highest Days Inventory was 60.97. The lowest was 19.47. And the median was 42.32.

TSX:ERO's Days Inventory is ranked better than
74.77% of 658 companies
in the Metals & Mining industry
Industry Median: 87.15 vs TSX:ERO: 49.63

Ero Copper's Days Inventory increased from Dec. 2022 (43.92) to Dec. 2023 (51.71). It might indicate that Ero Copper's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ero Copper's Inventory Turnover for the three months ended in Dec. 2023 was 1.76.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Ero Copper's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.36.

Ero Copper Days Inventory Historical Data

The historical data trend for Ero Copper's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ero Copper Days Inventory Chart

Ero Copper Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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37.33

60.97

54.98

42.32

49.63

Ero Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															43.92	47.48	52.21	53.23	51.71

Competitive Comparison of Ero Copper's Days Inventory

For the Copper subindustry, Ero Copper's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ero Copper's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ero Copper's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ero Copper's Days Inventory falls into.

Ero Copper Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ero Copper's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (42.052	+	56.688)	/	2 )	/	363.084	*	365
=	49.37					/	363.084	*	365
=	49.63

Ero Copper's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	56.688)	/	1 )	/	100.03	*	365 / 4
=	56.688					/	100.03	*	365 / 4
=	51.71

Ero Copper (TSX:ERO) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ero Copper's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	100.03	/	56.688
	=	1.76

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Ero Copper's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	56.688	/	156.181
	=	0.36

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Ero Copper Days Inventory Related Terms

Thank you for viewing the detailed overview of Ero Copper's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Ero Copper (TSX:ERO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ero Copper Corp (TSX:ERO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ERO:USA E0B:Germany

Address

625 Howe Street, Suite 1050, Vancouver, BC, CAN, V6C 2T6

Website

https://www.erocopper.com

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero's operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine. It holds an interest in MCSA Mining Complex, Boa Esperanca property, and NX Gold Property.