Ero Copper (TSX:ERO) Days Sales Outstanding : 4.48 (As of Dec. 2023)

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What is Ero Copper Days Sales Outstanding?

Ero Copper's average Accounts Receivable for the three months ended in Dec. 2023 was C$7.7 Mil. Ero Copper's Revenue for the three months ended in Dec. 2023 was C$156.2 Mil. Hence, Ero Copper's Days Sales Outstanding for the three months ended in Dec. 2023 was 4.48.

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

TSX:ERO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.83 Med: 9.64 Max: 19.02
Current: 10.72

During the past 8 years, Ero Copper's highest Days Sales Outstanding was 19.02. The lowest was 2.83. And the median was 9.64.

TSX:ERO's Days Sales Outstanding is ranked better than
81.12% of 789 companies
in the Metals & Mining industry
Industry Median: 41.95 vs TSX:ERO: 10.72

Ero Copper's Days Sales Outstanding declined from Dec. 2022 (14.18) to Dec. 2023 (4.48).

Ero Copper Days Sales Outstanding Historical Data

The historical data trend for Ero Copper's Days Sales Outstanding 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 Sales Outstanding Chart

Ero Copper Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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9.64

15.91

19.02

16.79

6.89

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 Sales Outstanding	Get a 7-Day Free Trial															14.18	14.20	15.06	10.89	4.48

Competitive Comparison of Ero Copper's Days Sales Outstanding

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

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

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

Ero Copper Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (13.978	+	7.661)	/	2 )	/	573.507	*	365
=	10.8195					/	573.507	*	365
=	6.89

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	7.661)	/	1 )	/	156.181	*	365 / 4
=	7.661					/	156.181	*	365 / 4
=	4.48

Ero Copper (TSX:ERO) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Ero Copper Days Sales Outstanding 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 Sales Outstanding

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.