Ero Copper (TSX:ERO) Net Margin % : 30.54% (As of Dec. 2023)

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What is Ero Copper Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Ero Copper's Net Income for the three months ended in Dec. 2023 was C$47.7 Mil. Ero Copper's Revenue for the three months ended in Dec. 2023 was C$156.2 Mil. Therefore, Ero Copper's net margin for the quarter that ended in Dec. 2023 was 30.54%.

The historical rank and industry rank for Ero Copper's Net Margin % or its related term are showing as below:

TSX:ERO' s Net Margin % Range Over the Past 10 Years
Min: -1.35 Med: 21.71 Max: 41.04
Current: 21.5

TSX:ERO's Net Margin % is ranked better than
88.97% of 861 companies
in the Metals & Mining industry
Industry Median: 0.26 vs TSX:ERO: 21.50

Ero Copper Net Margin % Historical Data

The historical data trend for Ero Copper's Net Margin % 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 Net Margin % Chart

Ero Copper Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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32.26

15.93

41.04

23.88

21.71

Ero Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															18.20	23.93	28.19	2.67	30.54

Competitive Comparison of Ero Copper's Net Margin %

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

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

* The bar in red indicates where Ero Copper's Net Margin % falls into.

Ero Copper Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

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

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	124.506	/	573.507
	=	21.71 %

Ero Copper's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	47.697	/	156.181
	=	30.54 %

Ero Copper (TSX:ERO) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Ero Copper Net Margin % 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 » Net Margin %

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.