Canadian Historical Income Statement
CSIQ Stock | USD 14.87 0.10 0.67% |
Historical analysis of Canadian Solar income statement accounts such as Interest Expense of 119.8 M, Selling General Administrative of 318.8 M or Selling And Marketing Expenses of 222.8 M 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.
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.
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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 EBITDA is relatively stable compared to the past year. As of 04/24/2024, Cost Of Revenue is likely to grow to about 6.7 B, while Total Other Income Expense Net is likely to drop slightly above 20.7 M. Add Fundamental
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 EBITDA is relatively stable compared to the past year. As of 04/24/2024, Cost Of Revenue is likely to grow to about 6.7 B, while Total Other Income Expense Net is likely to drop slightly above 20.7 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 |
Canadian Solar income statement Correlations
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Canadian Solar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Solar income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 159.7M | 209.1M | 282.8M | 40.6M | 165M | 173.3M | |
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 | 440.5M | 318.8M | |
Selling And Marketing Expenses | 180.3M | 224.2M | 398.7M | 558.9M | 369.7M | 222.8M | |
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 | 453.3M | 476.0M | |
Ebitda | 270.9M | 229.7M | 201.4M | 396.7M | 618.3M | 649.2M | |
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 | 81.93 |
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
0.8 | INTC | Intel Earnings Call Tomorrow | PairCorr |
Moving against Canadian Stock
0.84 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
0.82 | MMM | 3M Company Earnings Call This Week | PairCorr |
0.76 | CAT | Caterpillar Earnings Call Tomorrow | PairCorr |
0.76 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
0.68 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
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.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.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Canadian Stock analysis
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.