Ero CopperTSX:ERO +2.77%86 Days Payable is 53.87 as of Mar. 2026, which is 9% above its 10-year median of 49.54. GuruFocus rates TSX:ERO with a GF Score™ of 86/100 and a GF Value™ of C$51.57 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,064 Metals & Mining companies, Ero Copper ranks worse than 70.49% on this metric.
Ero Copper's average Accounts Payable for the
three
months ended in Mar. 2026 was C$127 Mil. Ero Copper's Cost of Goods Sold for the
three
months ended in Mar. 2026 was C$216 Mil.
Hence, Ero Copper's Days Payable for the
three
months ended in Mar. 2026 was 53.87.
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: 49.54 Max: 83.18
Current: 55.48
During the past 10 years, Ero Copper's highest Days Payable was 83.18. The lowest was 38.31. And the median was 49.54.
TSX:ERO's Days Payable is ranked worse than 70.49% of 1064
companies
in the Metals & Mining industry
Industry Median: 126.885
vs TSX:ERO: 55.48
Ero Copper's Days Payable
declined
from Mar. 2025 (73.02) to Mar. 2026 (53.87).
It may suggest that Ero Copperaccelerated paying its suppliers.
Ero Copper Days Payable Related Terms
Ero Copper Days Payable Historical Data
* Premium members only.
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.
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 Days Payable vs 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.
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. 2025 is calculated as
* 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.
Ero Copper (TSX:ERO) has a Days Payable of 53.87 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ero Copper and its competitors. This is near median its historical median of 49.54. Over the past decade, Ero Copper's Days Payable has ranged from 38.31 to 83.18. According to the industry distribution chart, Ero Copper ranks #750 out of 1064 companies in the Metals & Mining industry, placing it in the top 70.5%.
Is Ero Copper's Days Payable too high?
Ero Copper's current Days Payable of 53.87 is near median its 10-year median of 49.54. Over the past 10 years, this metric has ranged from a low of 38.31 to a high of 83.18. The Metals & Mining industry median Days Payable is 126.89. Ero Copper's value of 53.87 is 57.5% below this industry median. Based on the distribution chart, Ero Copper ranks #750 out of 1064 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Ero Copper has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ero Copper's Days Payable compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Ero Copper ranks #750 out of 1064 companies for Days Payable. This places Ero Copper in the lower half of its industry. The industry median Days Payable is 126.89. Ero Copper's value of 53.87 is 57.5% below this benchmark. Historically, Ero Copper's own Days Payable has ranged from 38.31 to 83.18 over the past decade. While the company's 10-year median is 49.54 vs. the industry median of 126.89, Ero Copper has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Metals & Mining company?
The median Days Payable among Metals & Mining companies is 126.89, based on 1,064 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ero Copper's current Days Payable of 53.87 is 57.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ero Copper and its competitors. For the Metals & Mining industry, the median Days Payable is 126.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ero Copper's current Days Payable is 53.87, which is near median its own 10-year median of 49.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ero Copper stock overvalued right now?
Based on GuruFocus' analysis, Ero Copper (TSX:ERO) is currently considered Modestly Undervalued. The stock's GF Value™ is C$51.57, compared to a current price of C$37.87 — trading 26.6% below its estimated fair value. The current Days Payable is 53.87, which is near median its 10-year median of 49.54 and 57.5% below the Metals & Mining industry median of 126.89. Ero Copper's overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Ero Copper (TSX:ERO), the current Days Payable is 53.87 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ero Copper (TSX:ERO) Overvalued in 2026?
Based on GuruFocus' analysis, Ero Copper stock appears to be undervalued.
The current stock price of C$37.87 is trading 26.6% below its estimated GF Value™ of C$51.57.
GuruFocus considers Ero Copper to be Modestly Undervalued.
Key valuation signals for TSX:ERO:
Days Payable: 53.87 (near median its 10-year median of 49.54)
GF Value™: C$51.57 vs. price of C$37.87 (26.6% below fair value)
Industry Position: 57.5% below the Metals & Mining median (#750 of 1064)
No single metric tells the full story. See the TSX:ERO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ero Copper Corp is a high-margin, high-growth copper producer with operations in Brazil. Its primary asset is its 99.6% ownership interest in Mineracao Caraiba S.A., held indirectly through its wholly-owned subsidiary. The company also owns a 97.6% ownership interest in NX Gold S.A. indirectly through its wholly-owned subsidiary. Its reporting segments include its three operating mines in Brazil, the Caraiba Operations, the Tucuma Operation, and the Xavantina Operations, and its corporate head office in Canada.
86GF Score
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