Canadian Historical Income Statement

CSIQ Stock

USD 15.12 0.15 0.98%

Historical analysis of Canadian Solar income statement accounts such as Selling General Administrative of 864.8 M, Selling And Marketing Expenses of 528.2 M or Total Revenue of 8 B can show how well Canadian Solar performed in making a profits. Evaluating Canadian Solar income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canadian Solar's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Canadian Solar latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canadian Solar is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.

About Canadian Income Statement Analysis

Canadian Solar Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Canadian Solar shareholders. The income statement also shows Canadian investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Canadian Solar Income Statement Chart

Canadian Solar Income Statement is one of the three primary financial statements used for reporting Canadian's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Canadian Solar revenue and expense. Canadian Solar Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Canadian Solar's EBIT is relatively stable compared to the past year. As of 04/17/2024, EBITDA is likely to grow to about 308.9 M, though Minority Interest is likely to grow to (106.6 M).

Selling General Administrative Selling And Marketing Expenses Total Revenue Gross Profit

Total Revenue

Total revenue comprises all receipts Canadian Solar generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Canadian Solar minus its cost of goods sold. It is profit before Canadian Solar operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most accounts from Canadian Solar's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canadian Solar current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.At this time, Canadian Solar's EBIT is relatively stable compared to the past year. As of 04/17/2024, EBITDA is likely to grow to about 308.9 M, though Minority Interest is likely to grow to (106.6 M).

	2021	2022	2023	2024 (projected)
Gross Profit	909.3M	1.3B	1.3B	1.3B
Total Revenue	5.3B	7.5B	7.6B	8.0B

Gross Profit Total Revenue

Canadian Solar income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Minority Interest	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		-0.17	-0.47	-0.24	-0.27	-0.18	-0.28	-0.49	-0.52	0.0	-0.29	-0.19	-0.29	0.63	-0.17	-0.24	-0.3	0.62	-0.53	-0.61	-0.83	-0.12	0.07
Interest Expense	-0.17		0.75	0.59	0.7	0.74	0.69	0.61	0.59	0.59	0.69	0.69	0.61	0.1	0.58	0.53	0.73	-0.16	0.66	0.19	0.17	-0.43	0.39
Selling General Administrative	-0.47	0.75		0.85	0.88	0.85	0.89	0.51	0.61	0.42	0.88	0.88	0.69	0.23	0.6	0.49	0.95	-0.44	0.88	0.35	0.63	0.13	0.69
Selling And Marketing Expenses	-0.24	0.59	0.85		0.97	0.94	0.98	0.47	0.6	0.55	0.98	0.98	0.72	0.37	0.64	0.58	0.93	-0.39	0.8	0.36	0.6	0.41	0.87
Total Revenue	-0.27	0.7	0.88	0.97		0.98	1.0	0.61	0.71	0.67	1.0	0.98	0.82	0.3	0.74	0.7	0.94	-0.4	0.87	0.38	0.58	0.27	0.79
Gross Profit	-0.18	0.74	0.85	0.94	0.98		0.97	0.66	0.76	0.78	0.97	0.96	0.88	0.35	0.83	0.74	0.93	-0.3	0.88	0.33	0.48	0.17	0.79
Other Operating Expenses	-0.28	0.69	0.89	0.98	1.0	0.97		0.58	0.69	0.63	1.0	0.98	0.79	0.31	0.71	0.67	0.94	-0.41	0.86	0.38	0.59	0.29	0.8
Operating Income	-0.49	0.61	0.51	0.47	0.61	0.66	0.58		0.97	0.84	0.6	0.46	0.88	-0.29	0.84	0.86	0.48	-0.36	0.77	0.52	0.48	-0.18	0.14
Ebit	-0.52	0.59	0.61	0.6	0.71	0.76	0.69	0.97		0.85	0.7	0.59	0.93	-0.19	0.89	0.86	0.61	-0.38	0.86	0.53	0.57	-0.04	0.31
Ebitda	0.0	0.59	0.42	0.55	0.67	0.78	0.63	0.84	0.85		0.64	0.57	0.91	0.16	0.94	0.86	0.53	-0.07	0.68	0.25	0.16	-0.13	0.4
Cost Of Revenue	-0.29	0.69	0.88	0.98	1.0	0.97	1.0	0.6	0.7	0.64		0.98	0.8	0.29	0.72	0.69	0.93	-0.42	0.86	0.39	0.6	0.29	0.79
Total Operating Expenses	-0.19	0.69	0.88	0.98	0.98	0.96	0.98	0.46	0.59	0.57	0.98		0.72	0.41	0.65	0.58	0.96	-0.34	0.81	0.31	0.52	0.3	0.87
Income Before Tax	-0.29	0.61	0.69	0.72	0.82	0.88	0.79	0.88	0.93	0.91	0.8	0.72		0.16	0.98	0.87	0.72	-0.29	0.89	0.38	0.46	0.06	0.53
Total Other Income Expense Net	0.63	0.1	0.23	0.37	0.3	0.35	0.31	-0.29	-0.19	0.16	0.29	0.41	0.16		0.23	-0.01	0.35	0.27	0.06	-0.4	-0.35	0.22	0.68
Net Income	-0.17	0.58	0.6	0.64	0.74	0.83	0.71	0.84	0.89	0.94	0.72	0.65	0.98	0.23		0.82	0.66	-0.14	0.82	0.26	0.31	-0.01	0.5
Income Tax Expense	-0.24	0.53	0.49	0.58	0.7	0.74	0.67	0.86	0.86	0.86	0.69	0.58	0.87	-0.01	0.82		0.53	-0.48	0.75	0.55	0.4	0.0	0.33
Research Development	-0.3	0.73	0.95	0.93	0.94	0.93	0.94	0.48	0.61	0.53	0.93	0.96	0.72	0.35	0.66	0.53		-0.34	0.86	0.34	0.56	0.2	0.84
Minority Interest	0.62	-0.16	-0.44	-0.39	-0.4	-0.3	-0.41	-0.36	-0.38	-0.07	-0.42	-0.34	-0.29	0.27	-0.14	-0.48	-0.34		-0.42	-0.77	-0.67	-0.24	-0.13
Net Income From Continuing Ops	-0.53	0.66	0.88	0.8	0.87	0.88	0.86	0.77	0.86	0.68	0.86	0.81	0.89	0.06	0.82	0.75	0.86	-0.42		0.5	0.71	0.15	0.59
Tax Provision	-0.61	0.19	0.35	0.36	0.38	0.33	0.38	0.52	0.53	0.25	0.39	0.31	0.38	-0.4	0.26	0.55	0.34	-0.77	0.5		0.69	0.13	0.17
Interest Income	-0.83	0.17	0.63	0.6	0.58	0.48	0.59	0.48	0.57	0.16	0.6	0.52	0.46	-0.35	0.31	0.4	0.56	-0.67	0.71	0.69		0.5	0.33
Net Interest Income	-0.12	-0.43	0.13	0.41	0.27	0.17	0.29	-0.18	-0.04	-0.13	0.29	0.3	0.06	0.22	-0.01	0.0	0.2	-0.24	0.15	0.13	0.5		0.43
Reconciled Depreciation	0.07	0.39	0.69	0.87	0.79	0.79	0.8	0.14	0.31	0.4	0.79	0.87	0.53	0.68	0.5	0.33	0.84	-0.13	0.59	0.17	0.33	0.43

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Canadian Solar Account Relationship Matchups

Canadian Solar income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	159.7M	209.1M	282.8M	40.6M	(74.8M)	(71.1M)
Interest Expense	81.3M	71.9M	58.2M	74.3M	114.1M	119.8M
Selling General Administrative	242.8M	225.6M	308.9M	342.1M	823.6M	864.8M
Selling And Marketing Expenses	180.3M	224.2M	398.7M	558.9M	503.0M	528.2M
Total Revenue	3.2B	3.5B	5.3B	7.5B	7.6B	8.0B
Gross Profit	718.5M	689.9M	909.3M	1.3B	1.3B	1.3B
Other Operating Expenses	2.9B	3.3B	5.1B	7.1B	7.2B	7.6B
Operating Income	111.2M	20.6M	(81.3M)	356.1M	369.0M	387.4M
Ebit	111.2M	20.6M	(81.3M)	356.1M	369.0M	387.4M
Ebitda	270.9M	229.7M	201.4M	396.7M	294.1M	308.9M
Cost Of Revenue	2.5B	2.8B	4.4B	6.2B	6.3B	6.7B
Total Operating Expenses	459.6M	469.5M	718.9M	907.1M	911.0M	956.6M
Income Before Tax	179.7M	134.5M	138.5M	356.5M	408.5M	429.0M
Total Other Income Expense Net	68.5M	113.9M	219.8M	407K	39.5M	20.7M
Net Income	171.6M	146.7M	95.2M	240.0M	274.2M	287.9M
Income Tax Expense	42.1M	(2.0M)	35.8M	73.4M	59.5M	62.5M
Research Development	47.0M	45.2M	58.4M	69.8M	100.8M	105.9M
Net Income Applicable To Common Shares	171.6M	146.7M	95.2M	240.0M	276.0M	289.8M
Minority Interest	31.9M	322.4M	(14.6M)	(58.6M)	(112.3M)	(106.6M)
Net Income From Continuing Ops	166.6M	147.2M	109.9M	298.6M	465.7M	488.9M
Tax Provision	42.1M	(2.0M)	35.8M	73.4M	86.0M	49.6M
Interest Income	12.0M	9.3M	11.1M	40.6M	45.3M	47.5M
Net Interest Income	(69.3M)	(62.6M)	(47.1M)	(33.7M)	(55.8M)	(58.6M)
Reconciled Depreciation	159.7M	209.1M	282.8M	234.6M	269.7M	204.4M

Canadian Solar Investors Sentiment

The influence of Canadian Solar's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Canadian. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Canadian Solar's public news can be used to forecast risks associated with an investment in Canadian. The trend in average sentiment can be used to explain how an investor holding Canadian can time the market purely based on public headlines and social activities around Canadian Solar. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Canadian Solar's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canadian Solar's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Canadian Solar's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canadian Solar.

Canadian Solar Implied Volatility

85.4

Canadian Solar's implied volatility exposes the market's sentiment of Canadian Solar stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canadian Solar's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Canadian Solar stock will not fluctuate a lot when Canadian Solar's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canadian Solar in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canadian Solar's short interest history, or implied volatility extrapolated from Canadian Solar options trading.

Pair Trading with Canadian Solar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Solar will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canadian Stock

0.71

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0.67	CLS	Celestica Earnings Call Next Week	Pair Corr
0.58	LRCX	Lam Research Corp Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Canadian Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Solar to buy it.

The correlation of Canadian Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Canadian Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Canadian Solar is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Solar Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Solar Stock:

How To Invest In Canadian

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Is Canadian Stock a good investment?

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What is Canadian Solar's Net Worth?

Details

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To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.

You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running Canadian Solar's price analysis, check to measure Canadian Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.

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Is Canadian Solar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian Solar. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.71)

Earnings Share

4.99

Revenue Per Share

116.461

Quarterly Revenue Growth

(0.14)

Return On Assets

0.0271

The market value of Canadian Solar is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Solar's value that differs from its market value or its book value, called intrinsic value, which is Canadian Solar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian Solar's market value can be influenced by many factors that don't directly affect Canadian Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Canadian Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Canadian Historical Income Statement

About Canadian Income Statement Analysis

Canadian Solar Income Statement Chart

Total Revenue

Gross Profit

Canadian Solar income statement Correlations

Canadian Solar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Solar income statement Accounts

Canadian Solar Investors Sentiment

Canadian Solar Implied Volatility

Pair Trading with Canadian Solar

Moving together with Canadian Stock

Moving against Canadian Stock

Complementary Tools for Canadian Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Other Operating Expenses	+ 0.98	Selling And Marketing Expenses
Cost Of Revenue	+ 0.98	Selling And Marketing Expenses
Total Operating Expenses	+ 0.98	Selling And Marketing Expenses

Interest Income	- 0.83	Depreciation And Amortization
Tax Provision	- 0.77	Minority Interest
Interest Income	- 0.67	Minority Interest
Tax Provision	- 0.61	Depreciation And Amortization
Net Income From Continuing Ops	- 0.53	Depreciation And Amortization
Ebit	- 0.52	Depreciation And Amortization