Canopy Cost Of Revenue from 2010 to 2024
| CGC Stock | USD 9.14 0.11 1.22% |
Cost Of Revenue | First Reported 2013-06-30 | Previous Quarter 58.6 M | Current Value 50.3 M | Quarterly Volatility 78.5 M |
Check Canopy Growth financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canopy main balance sheet or income statement drivers, such as Interest Expense of 0.0, Total Revenue of 1.1 M or Gross Profit of 435.1 K, as well as many exotic indicators such as Price To Sales Ratio of 508, Dividend Yield of 0.0 or PTB Ratio of 18.15. Canopy financial statements analysis is a perfect complement when working with Canopy Growth Valuation or Volatility modules.
Canopy | Cost Of Revenue |
Latest Canopy Growth's Cost Of Revenue Growth Pattern
Below is the plot of the Cost Of Revenue of Canopy Growth Corp over the last few years. Cost of Revenue is found on Canopy Growth Corp income statement and represents the costs associated with goods and services Canopy Growth provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities. It is Canopy Growth's Cost Of Revenue historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canopy Growth's overall financial position and show how it may be relating to other accounts over time.
| Cost Of Revenue | 10 Years Trend |
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Cost Of Revenue |
| Timeline |
Canopy Cost Of Revenue Regression Statistics
| Arithmetic Mean | 152,357,842 | |
| Geometric Mean | 8,273,801 | |
| Coefficient Of Variation | 161.93 | |
| Mean Deviation | 202,818,218 | |
| Median | 2,263,000 | |
| Standard Deviation | 246,713,783 | |
| Sample Variance | 60867.7T | |
| Range | 712.7M | |
| R-Value | 0.51 | |
| Mean Square Error | 48825.9T | |
| R-Squared | 0.26 | |
| Significance | 0.05 | |
| Slope | 27,865,205 | |
| Total Sum of Squares | 852147.7T |
Canopy Cost Of Revenue History
About Canopy Growth Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Canopy Growth income statement, its balance sheet, and the statement of cash flows. Canopy Growth investors use historical funamental indicators, such as Canopy Growth's Cost Of Revenue, to determine how well the company is positioned to perform in the future. Although Canopy Growth investors may use each financial statement separately, they are all related. The changes in Canopy Growth's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canopy Growth's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Canopy Growth Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Canopy Growth. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Cost Of Revenue | 731.3 K | 694.7 K |
Pair Trading with Canopy Growth
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 Canopy Growth 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 Canopy Growth will appreciate offsetting losses from the drop in the long position's value.Moving against Canopy Stock
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The ability to find closely correlated positions to Canopy Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canopy Growth 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 Canopy Growth - 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 Canopy Growth Corp to buy it.
The correlation of Canopy Growth 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 Canopy Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canopy Growth Corp 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 Canopy Growth 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 the analysis of Canopy Growth Correlation against competitors. Note that the Canopy Growth Corp information on this page should be used as a complementary analysis to other Canopy Growth's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Canopy Stock analysis
When running Canopy Growth's price analysis, check to measure Canopy Growth'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 Canopy Growth is operating at the current time. Most of Canopy Growth's value examination focuses on studying past and present price action to predict the probability of Canopy Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canopy Growth's price. Additionally, you may evaluate how the addition of Canopy Growth to your portfolios can decrease your overall portfolio volatility.
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Is Canopy Growth'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 Canopy Growth. If investors know Canopy 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 Canopy Growth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (15.50) | Revenue Per Share 5.589 | Quarterly Revenue Growth (0.07) | Return On Assets (0.09) | Return On Equity (1.22) |
The market value of Canopy Growth Corp is measured differently than its book value, which is the value of Canopy that is recorded on the company's balance sheet. Investors also form their own opinion of Canopy Growth's value that differs from its market value or its book value, called intrinsic value, which is Canopy Growth'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 Canopy Growth's market value can be influenced by many factors that don't directly affect Canopy Growth'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 Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth'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.