Ero Copper (TSX:ERO) Days Payable : 91.64 (As of Dec. 2023)

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What is Ero Copper Days Payable?

Ero Copper's average Accounts Payable for the three months ended in Dec. 2023 was C$100.5 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 Payable for the three months ended in Dec. 2023 was 91.64.

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

TSX:ERO' s Days Payable Range Over the Past 10 Years
Min: 38.31 Med: 44.82 Max: 83.18
Current: 70.17

During the past 8 years, Ero Copper's highest Days Payable was 83.18. The lowest was 38.31. And the median was 44.82.

TSX:ERO's Days Payable is ranked worse than
62.91% of 1065 companies
in the Metals & Mining industry
Industry Median: 130.91 vs TSX:ERO: 70.17

Ero Copper's Days Payable increased from Dec. 2022 (56.43) to Dec. 2023 (91.64). It may suggest that Ero Copper delayed paying its suppliers.

Ero Copper Days Payable Historical Data

The historical data trend for Ero Copper's Days Payable 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 Payable Chart

Ero Copper Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.82

49.54

42.56

54.78

83.18

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 Payable	Get a 7-Day Free Trial															56.43	62.73	60.24	63.37	91.64

Competitive Comparison of Ero Copper's Days Payable

For the Copper subindustry, Ero Copper's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Metals & Mining Industry

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

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

Ero Copper Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (65.029	+	100.455)	/	2 )	/	363.084	*	365
=	82.742					/	363.084	*	365
=	83.18

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	100.455)	/	1 )	/	100.03	*	365 / 4
=	100.455					/	100.03	*	365 / 4
=	91.64

Ero Copper Days Payable Related Terms

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Ero Copper (TSX:ERO) Business Description

Industry

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

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.