Canopy Historical Income Statement
CGC Stock | USD 8.97 0.06 0.66% |
Historical analysis of Canopy Growth income statement accounts such as Total Revenue of 1.1 M, Gross Profit of 435.1 K or Other Operating Expenses of 0.0 can show how well Canopy Growth Corp performed in making a profits. Evaluating Canopy Growth income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canopy Growth's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Canopy Growth Corp 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 Canopy Growth Corp is a good buy for the upcoming year.
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About Canopy Income Statement Analysis
Canopy Growth Corp 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 Canopy Growth shareholders. The income statement also shows Canopy 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).
Canopy Growth Income Statement Chart
Canopy Growth Corp Income Statement is one of the three primary financial statements used for reporting Canopy's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Canopy Growth Corp revenue and expense. Canopy Growth Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Canopy Growth's EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to 0.00, whereas Interest Expense is forecasted to decline to 0.00. Add Fundamental
Total Revenue
Total revenue comprises all receipts Canopy Growth Corp 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Canopy Growth's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canopy Growth Corp 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 Canopy Growth Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At present, Canopy Growth's EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to 0.00, whereas Interest Expense is forecasted to decline to 0.00.
2020 | 2021 | 2022 | 2024 (projected) | Cost Of Revenue | 479.7M | 713.4M | 507.0M | 694.7K | Research Development | 57.6M | 32.3M | 21.7M | 151.7K |
Canopy Growth income statement Correlations
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Canopy Growth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canopy Growth income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 44.2M | 18.4M | 6.7M | 8.5M | 103.9M | 126.2M | |
Total Revenue | 226.3M | 398.8M | 546.6M | 520.3M | 402.9M | 1.1M | |
Gross Profit | 88.9M | (31.7M) | 67.0M | (193.1M) | (104.1M) | 435.1K | |
Other Operating Expenses | 156.8M | 780.0M | 1.4B | 1.1B | 1.2B | 994.5M | |
Operating Income | (553.6M) | (1.7B) | 44.3M | (1.1B) | 1.7B | (7.1M) | |
Ebit | (553.6M) | (1.7B) | 44.3M | (1.1B) | 1.7B | (7.1M) | |
Ebitda | (1.4B) | 171.4M | (229.6M) | 1.7B | 2.0B | 2.1B | |
Total Operating Expenses | 642.6M | 993.2M | 666.5M | 520.3M | 487.4M | 7.5M | |
Income Before Tax | (657.8M) | (1.5B) | (1.7B) | (329.4M) | (3.3B) | (9.4M) | |
Net Income | (670.1M) | (1.4B) | (1.7B) | (320.5M) | (3.3B) | (9.4M) | |
Income Tax Expense | 1.6M | 12.3M | (121.6M) | (13.1M) | (8.9M) | (4.8M) | |
Depreciation And Amortization | 311.7M | 127.1M | 853.1M | 84.5M | 97.2M | 132.2M | |
Total Other Income Expense Net | (104.1M) | 159.9M | (1.7B) | 753.2M | (5.0B) | (2.3M) | |
Selling General Administrative | 451.4M | 624.9M | 666.5M | 520.3M | 487.4M | 5.5M | |
Selling And Marketing Expenses | 242.8M | 194.4M | 239.3M | 243.5M | 280.0M | 294.0M | |
Net Income From Continuing Ops | (670.1M) | (1.4B) | (1.7B) | (320.5M) | (3.3B) | (9.4M) | |
Research Development | 15.2M | 61.8M | 57.6M | 32.3M | 21.7M | 151.7K | |
Cost Of Revenue | 137.4M | 430.5M | 479.7M | 713.4M | 507.0M | 694.7K | |
Net Income Applicable To Common Shares | (736.3M) | (1.3B) | (1.7B) | (302.2M) | (8.0M) | (8.4M) | |
Minority Interest | 291.9M | 291.5M | 140.0M | 18.3M | 31.4M | (30.4K) | |
Tax Provision | (121.6M) | (13.1M) | (8.9M) | (4.8M) | (4.3M) | (4.5M) | |
Interest Income | 84.7M | 21.4M | 6.6M | 24.3M | 27.9M | 32.0M | |
Net Interest Income | 59.6M | 12.9M | (97.3M) | (101.9M) | (91.7M) | (87.1M) | |
Reconciled Depreciation | 125.0M | 127.1M | 114.4M | 84.5M | 97.2M | 95.1M |
Canopy Growth Investors Sentiment
The influence of Canopy Growth'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 Canopy. 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 Canopy Growth's public news can be used to forecast risks associated with an investment in Canopy. The trend in average sentiment can be used to explain how an investor holding Canopy can time the market purely based on public headlines and social activities around Canopy Growth Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Canopy Growth'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 Canopy Growth'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 Canopy Growth's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canopy Growth.
Canopy Growth Implied Volatility | 257.53 |
Canopy Growth's implied volatility exposes the market's sentiment of Canopy Growth Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canopy Growth'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 Canopy Growth stock will not fluctuate a lot when Canopy Growth'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 Canopy Growth 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, Canopy Growth's short interest history, or implied volatility extrapolated from Canopy Growth options trading.
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.