Canopy Historical Income Statement
| CGC Stock | USD 3.73 0.01 0.27% |
Historical analysis of Canopy Growth income statement accounts such as Total Revenue of 1.1 M, Gross Profit of 414.3 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
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Canopy Growth Corp minus its cost of goods sold. It is profit before Canopy Growth 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Canopy Growth Corp. It is also known as Canopy Growth overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Canopy Growth Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Canopy Growth Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 closely tied with the direction of predictive economic indicators such as signals in price. At present, Canopy Growth's Selling And Marketing Expenses is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 12.9 M, whereas Interest Expense is forecasted to decline to 0.00.
| 2020 | 2021 | 2022 | 2023 (projected) | Cost Of Revenue | 479.7M | 713.4M | 507.0M | 216.3M | Research Development | 57.6M | 32.3M | 21.7M | 4.6M |
Canopy Growth income statement Correlations
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Canopy Growth Account Relationship Matchups
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Canopy Growth income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 18.4M | 6.7M | 8.5M | 103.9M | 126.2M | 105.4M | |
| Total Revenue | 226.3M | 398.8M | 546.6M | 520.3M | 402.9M | 297.1M | |
| Gross Profit | 88.9M | (31.7M) | 67.0M | (193.1M) | (104.1M) | 80.9M | |
| Other Operating Expenses | 780.0M | 1.4B | 1.1B | 1.2B | 994.5M | 525.9M | |
| Operating Income | (553.6M) | (1.7B) | 44.3M | (1.1B) | 1.7B | (228.7M) | |
| Ebit | (553.6M) | (1.7B) | (830.3M) | (570.3M) | (2.9B) | (281.9M) | |
| Ebitda | (1.4B) | (703.2M) | (459.3M) | (2.8B) | (228.7M) | (240.1M) | |
| Total Operating Expenses | 642.6M | 993.2M | 666.5M | 520.3M | 487.4M | 308.6M | |
| Income Before Tax | (657.8M) | (1.5B) | (1.7B) | (329.4M) | (3.3B) | (471.4M) | |
| Net Income | (670.1M) | (1.4B) | (1.7B) | (320.5M) | (3.3B) | (657.3M) | |
| Income Tax Expense | 12.3M | (121.6M) | (13.1M) | (8.9M) | (4.8M) | 12.3M | |
| Depreciation And Amortization | 311.7M | 127.1M | 110.9M | 80.0M | 53.2M | 63.3M | |
| Total Other Income Expense Net | (104.1M) | 159.9M | (440.5M) | 750.9M | (455.6M) | (242.6M) | |
| Selling General Administrative | 451.4M | 624.9M | 666.5M | 520.3M | 487.4M | 99.8M | |
| Selling And Marketing Expenses | 242.8M | 194.4M | 239.3M | 243.5M | 76.1M | 120.9M | |
| Net Income From Continuing Ops | (670.1M) | (1.4B) | (1.7B) | (320.5M) | (3.3B) | (483.7M) | |
| Research Development | 15.2M | 61.8M | 57.6M | 32.3M | 21.7M | 4.6M | |
| Cost Of Revenue | 137.4M | 430.5M | 479.7M | 713.4M | 507.0M | 216.3M | |
| 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 | 18.5M | |
| Tax Provision | (121.6M) | (13.1M) | (8.9M) | (4.8M) | 12.3M | 12.9M | |
| Interest Income | 84.7M | 21.4M | 6.6M | 24.3M | 16.2M | 30.5M | |
| Net Interest Income | 59.6M | 12.9M | (97.3M) | (101.9M) | (89.1M) | (84.7M) | |
| Reconciled Depreciation | 125.0M | 127.1M | 114.4M | 84.5M | 53.2M | 89.8M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock: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 closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Pharmaceuticals space 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 (5.07) | Revenue Per Share 3.315 | Quarterly Revenue Growth (0.1) | Return On Assets (0.04) | Return On Equity (0.93) |
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.