Canadian Gross Profit from 2010 to 2024

CSIQ Stock

USD 11.91 0.61 5.40%

Canadian Solar Gross Profit yearly trend continues to be relatively stable with very little volatility. Gross Profit is likely to grow to about 1.3 B this year. Gross Profit is the profit Canadian Solar makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

2004-03-31

Previous Quarter

282.1 M

Current Value

282.1 M

Quarterly Volatility

114.4 M

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Canadian Solar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian Solar's main balance sheet or income statement drivers, such as Depreciation And Amortization of 658.9 M, Interest Expense of 119.8 M or Selling General Administrative of 318.8 M, as well as many indicators such as Price To Sales Ratio of 0.21, Dividend Yield of 9.0E-4 or PTB Ratio of 0.64. Canadian financial statements analysis is a perfect complement when working with Canadian Solar Valuation or Volatility modules.

Check out the analysis of Canadian Solar Correlation against competitors.

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

Latest Canadian Solar's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Canadian Solar over the last few years. 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. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Canadian Solar's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canadian Solar's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 1.26 B

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Canadian Gross Profit Regression Statistics

	Arithmetic Mean	649,480,677
	Geometric Mean	376,587,543
	Coefficient Of Variation	65.07
	Mean Deviation	324,472,188
	Median	637,598,000
	Standard Deviation	422,644,438
	Sample Variance	178628.3T
	Range	1.3B
	R-Value	0.96
	Mean Square Error	15815.7T
	R-Squared	0.92
	Slope	90,537,936
	Total Sum of Squares	2500796.5T

Canadian Gross Profit History

	2024	1.3 B
	2023	1.3 B
	2022	1.3 B
	2021	909.3 M
	2020	689.9 M
	2019	718.5 M
	2018	775.1 M

Other Fundumenentals of Canadian Solar

Gross Profit Margin

Canadian Solar Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Net Receivables	Total Liab	Total Current Assets	Retained Earnings	Accounts Payable	Short Term Investments	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Short Term Debt	Intangible Assets	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Deferred Long Term Liab	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock	Treasury Stock
Total Assets		0.98	0.57	0.95	0.99	0.97	0.94	0.37	-0.47	0.69	0.95	0.91	0.97	0.94	0.19	0.84	0.44	0.71	0.73	-0.41	0.84	0.76	0.61	0.81	0.71
Total Stockholder Equity	0.98		0.57	0.95	0.96	0.95	0.98	0.27	-0.51	0.68	0.94	0.9	0.94	0.93	0.22	0.88	0.32	0.7	0.71	-0.51	0.9	0.73	0.7	0.8	0.68
Net Debt	0.57	0.57		0.62	0.63	0.72	0.58	0.48	-0.45	0.76	0.52	0.33	0.44	0.8	0.75	0.73	0.46	0.77	0.7	-0.19	0.66	0.35	0.58	0.36	-0.02
Net Receivables	0.95	0.95	0.62		0.95	0.92	0.92	0.36	-0.36	0.72	0.96	0.9	0.92	0.92	0.23	0.84	0.28	0.65	0.68	-0.42	0.8	0.79	0.62	0.84	0.63
Total Liab	0.99	0.96	0.63	0.95		0.98	0.92	0.44	-0.45	0.72	0.93	0.88	0.96	0.95	0.25	0.83	0.51	0.72	0.76	-0.36	0.82	0.74	0.58	0.78	0.67
Total Current Assets	0.97	0.95	0.72	0.92	0.98		0.91	0.44	-0.52	0.79	0.87	0.83	0.89	0.98	0.33	0.87	0.49	0.79	0.74	-0.4	0.85	0.7	0.67	0.73	0.55
Retained Earnings	0.94	0.98	0.58	0.92	0.92	0.91		0.16	-0.62	0.58	0.92	0.88	0.9	0.91	0.23	0.91	0.28	0.74	0.72	-0.55	0.94	0.73	0.74	0.79	0.64
Accounts Payable	0.37	0.27	0.48	0.36	0.44	0.44	0.16		0.27	0.68	0.33	0.22	0.36	0.38	0.48	0.3	0.58	0.14	0.53	0.19	0.08	0.25	-0.07	0.17	0.13
Short Term Investments	-0.47	-0.51	-0.45	-0.36	-0.45	-0.52	-0.62	0.27		-0.11	-0.32	-0.34	-0.36	-0.57	-0.14	-0.57	-0.39	-0.81	-0.35	0.42	-0.7	-0.28	-0.48	-0.34	-0.23
Common Stock	0.69	0.68	0.76	0.72	0.72	0.79	0.58	0.68	-0.11		0.62	0.49	0.58	0.79	0.58	0.66	0.39	0.5	0.63	-0.19	0.6	0.35	0.49	0.4	0.2
Property Plant Equipment	0.95	0.94	0.52	0.96	0.93	0.87	0.92	0.33	-0.32	0.62		0.92	0.96	0.87	0.22	0.81	0.26	0.57	0.74	-0.41	0.77	0.79	0.61	0.82	0.69
Current Deferred Revenue	0.91	0.9	0.33	0.9	0.88	0.83	0.88	0.22	-0.34	0.49	0.92		0.92	0.78	-0.09	0.72	0.17	0.53	0.55	-0.41	0.71	0.83	0.54	0.82	0.75
Long Term Debt	0.97	0.94	0.44	0.92	0.96	0.89	0.9	0.36	-0.36	0.58	0.96	0.92		0.85	0.11	0.76	0.42	0.57	0.75	-0.3	0.73	0.78	0.5	0.82	0.79
Short Term Debt	0.94	0.93	0.8	0.92	0.95	0.98	0.91	0.38	-0.57	0.79	0.87	0.78	0.85		0.42	0.89	0.46	0.84	0.75	-0.44	0.9	0.65	0.72	0.7	0.48
Intangible Assets	0.19	0.22	0.75	0.23	0.25	0.33	0.23	0.48	-0.14	0.58	0.22	-0.09	0.11	0.42		0.37	0.37	0.32	0.63	0.01	0.36	-0.14	0.36	-0.13	-0.37
Net Tangible Assets	0.84	0.88	0.73	0.84	0.83	0.87	0.91	0.3	-0.57	0.66	0.81	0.72	0.76	0.89	0.37		0.27	0.79	0.74	-0.52	0.9	0.74	0.75	0.77	0.53
Long Term Investments	0.44	0.32	0.46	0.28	0.51	0.49	0.28	0.58	-0.39	0.39	0.26	0.17	0.42	0.46	0.37	0.27		0.49	0.57	0.21	0.25	0.14	-0.11	0.16	0.24
Short Long Term Debt	0.71	0.7	0.77	0.65	0.72	0.79	0.74	0.14	-0.81	0.5	0.57	0.53	0.57	0.84	0.32	0.79	0.49		0.55	-0.48	0.82	0.57	0.62	0.58	0.35
Long Term Debt Total	0.73	0.71	0.7	0.68	0.76	0.74	0.72	0.53	-0.35	0.63	0.74	0.55	0.75	0.75	0.63	0.74	0.57	0.55		0.0	0.65	0.5	0.52	0.49	0.38
Deferred Long Term Liab	-0.41	-0.51	-0.19	-0.42	-0.36	-0.4	-0.55	0.19	0.42	-0.19	-0.41	-0.41	-0.3	-0.44	0.01	-0.52	0.21	-0.48	0.0		-0.67	-0.34	-0.54	-0.41	-0.3
Capital Surpluse	0.84	0.9	0.66	0.8	0.82	0.85	0.94	0.08	-0.7	0.6	0.77	0.71	0.73	0.9	0.36	0.9	0.25	0.82	0.65	-0.67		0.54	0.79	0.62	0.45
Net Invested Capital	0.76	0.73	0.35	0.79	0.74	0.7	0.73	0.25	-0.28	0.35	0.79	0.83	0.78	0.65	-0.14	0.74	0.14	0.57	0.5	-0.34	0.54		0.48	0.95	0.77
Net Working Capital	0.61	0.7	0.58	0.62	0.58	0.67	0.74	-0.07	-0.48	0.49	0.61	0.54	0.5	0.72	0.36	0.75	-0.11	0.62	0.52	-0.54	0.79	0.48		0.51	0.17
Capital Stock	0.81	0.8	0.36	0.84	0.78	0.73	0.79	0.17	-0.34	0.4	0.82	0.82	0.82	0.7	-0.13	0.77	0.16	0.58	0.49	-0.41	0.62	0.95	0.51		0.82
Treasury Stock	0.71	0.68	-0.02	0.63	0.67	0.55	0.64	0.13	-0.23	0.2	0.69	0.75	0.79	0.48	-0.37	0.53	0.24	0.35	0.38	-0.3	0.45	0.77	0.17	0.82

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About Canadian Solar Financial Statements

Canadian Solar shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although Canadian Solar investors may analyze each financial statement separately, they are all interrelated. The changes in Canadian Solar's assets and liabilities, for example, are also reflected in the revenues and expenses on on Canadian Solar's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Gross Profit	1.3 B	1.3 B
Gross Profit Margin	0.17	0.22

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 against Canadian Stock

0.55	ASAN	Asana Inc	Pair Corr
0.41	CWAN	Clearwater Analytics	Pair Corr
0.37	EHGO	Eshallgo Class A Downward Rally	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

Additional 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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