ERO (Ero Copper) Total Assets : $1,512.5 Mil (As of Sep. 2024)

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What is Ero Copper Total Assets?

Ero Copper's Total Assets for the quarter that ended in Sep. 2024 was $1,512.5 Mil.

Warning Sign:

If a company builds assets at 30.9% a year, faster than its revenue growth rate of 12.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 3 years, the average Total Assets Growth Rate was 50.00% per year. During the past 5 years, the average Total Assets Growth Rate was 30.90% per year.

During the past 8 years, Ero Copper's highest 3-Year average Total Assets Growth Rate was 50.00%. The lowest was 9.70%. And the median was 16.00%.

Total Assets is connected with ROA %. Ero Copper's annualized ROA % for the quarter that ended in Sep. 2024 was 11.10%. Total Assets is also linked to Revenue through Asset Turnover. Ero Copper's Asset Turnover for the quarter that ended in Sep. 2024 was 0.08.

Ero Copper Total Assets Historical Data

The historical data trend for Ero Copper's Total Assets 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 Total Assets Chart

Ero Copper Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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462.67

497.10

689.76

1,188.08

1,511.69

Ero Copper Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															-	1,511.69	1,500.54	1,432.01	1,512.52

Ero Copper Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	809.331	+	702.357
	=	1,511.7

Ero Copper's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	716.769	+	795.753
	=	1,512.5

Ero Copper (NYSE:ERO) Total Assets Explanation

Total Assets is connected with ROA %.

Ero Copper's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	163.428	/	( (1432.007	+	1512.522)	/ 2 )
	=	163.428	/	1472.2645
	=	11.10 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Ero Copper's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	124.837	/	( (1432.007	+	1512.522)	/ 2 )
=	124.837	/	1472.2645
=	0.08

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Ero Copper Total Assets Related Terms

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Ero Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ero Copper Corp (NYSE:ERO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

E0B:Germany ERO:Canada

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 predominantly focused on the production and sale of copper with gold and silver produced and sold as by-products. Ero's operations are segmented between its mines in Brazil, the Caraiba Operations and the Xavantina Operations, its development project, the Tucuma Project in Brazil and corporate. Majority revenue is generated from its Caraiba Operations segment which consists of mining operations and processing facilities including the Pilar and Vermelhos underground mines and the Surubim open pit mine.