Ero Copper (TSX:ERO) COGS-to-Revenue : 0.64 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Ero Copper COGS-to-Revenue?

Ero Copper's Cost of Goods Sold for the three months ended in Dec. 2023 was C$100.0 Mil. Its Revenue for the three months ended in Dec. 2023 was C$156.2 Mil.

Ero Copper's COGS to Revenue for the three months ended in Dec. 2023 was 0.64.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ero Copper's Gross Margin % for the three months ended in Dec. 2023 was 35.95%.

Ero Copper COGS-to-Revenue Historical Data

The historical data trend for Ero Copper's COGS-to-Revenue 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.

* Premium members only.

Ero Copper COGS-to-Revenue Chart

Ero Copper Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

Get a 7-Day Free Trial

0.59

0.42

0.35

0.56

0.63

Ero Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.55	0.60	0.62	0.66	0.64

Ero Copper COGS-to-Revenue Calculation

Ero Copper's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	363.084	/	573.507
	=	0.63

Ero Copper's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	100.03	/	156.181
	=	0.64

Ero Copper (TSX:ERO) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Ero Copper's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	100.03 / 156.181
	=	35.95 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Ero Copper COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Ero Copper's COGS-to-Revenue 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 » COGS-to-Revenue

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.