Canopy Historical Financial Ratios

WEED Stock

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Canopy Growth is presently reporting on over 97 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Price To Sales Ratio of 538, Dividend Yield of 0.0, PTB Ratio of 28.47 or Days Sales Outstanding of 246 will help investors to properly organize and evaluate Canopy Growth Corp financial condition quickly.

Quick Ratio Current Ratio

Check out Your Current Watchlist 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 board of governors.

About Canopy Financial Ratios Analysis

Canopy Growth CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Canopy Growth investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Canopy financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Canopy Growth history.

Canopy Growth Financial Ratios Chart

At this time, Canopy Growth's EV To Sales is very stable compared to the past year. As of the 30th of December 2024, Days Of Inventory On Hand is likely to grow to 554.04, while Book Value Per Share is likely to drop 0.72.

Price To Sales Ratio Ptb Ratio Book Value Per Share Roic Average Inventory

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Price To Sales Ratio

Price to Sales Ratio is figured by comparing Canopy Growth Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Canopy Growth sales, a figure that is much harder to manipulate than other Canopy Growth Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Most ratios from Canopy Growth's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios 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 fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist 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 board of governors.

	2020	2021	2022	2023 (projected)
Days Sales Outstanding	61.72	47.84	62.02	63.69
PTB Ratio	4.31	1.03	1.45	1.52

Days Sales Outstanding Ptb Ratio

Canopy Growth fundamentals Correlations

	Price To Sales Ratio	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Average Payables	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Inventory Turnover	Net Income Per Share	Days Of Inventory On Hand	Payables Turnover	Average Inventory	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding	Income Quality	Roe
Price To Sales Ratio		0.88	0.7	-0.42	0.1	0.5	0.12	0.02	0.88	1.0	0.4	-0.27	-0.41	0.49	0.49	-0.48	-0.25	0.59	-0.42	-0.68	-0.01	-0.83	-0.62	0.68	-0.09	0.31
Ptb Ratio	0.88		0.53	-0.56	0.3	0.7	0.03	-0.2	1.0	0.88	0.61	-0.2	-0.51	0.57	0.62	-0.55	-0.12	0.52	-0.59	-0.8	0.17	-0.9	-0.73	0.79	0.18	0.36
Days Sales Outstanding	0.7	0.53		-0.21	0.18	0.29	-0.09	-0.02	0.53	0.7	0.23	-0.41	-0.03	0.21	0.1	-0.18	-0.48	0.95	-0.22	-0.04	0.04	-0.44	0.02	0.41	-0.38	0.05
Book Value Per Share	-0.42	-0.56	-0.21		-0.2	-0.86	0.52	0.15	-0.56	-0.42	-0.85	-0.17	0.33	-0.52	-0.14	0.35	-0.26	-0.25	0.95	0.39	-0.29	0.28	0.44	-0.2	-0.43	0.07
Free Cash Flow Yield	0.1	0.3	0.18	-0.2		0.57	0.27	-0.99	0.3	0.1	0.61	0.16	0.22	0.04	0.19	0.2	-0.38	0.11	-0.26	-0.22	0.9	-0.05	-0.25	0.18	0.05	-0.06
Operating Cash Flow Per Share	0.5	0.7	0.29	-0.86	0.57		-0.3	-0.51	0.7	0.5	0.97	-0.02	-0.37	0.64	0.24	-0.42	0.11	0.31	-0.86	-0.52	0.57	-0.41	-0.59	0.29	0.46	0.22
Average Payables	0.12	0.03	-0.09	0.52	0.27	-0.3		-0.31	0.03	0.12	-0.25	0.24	0.34	-0.39	0.55	0.42	-0.64	-0.28	0.52	-0.38	0.12	-0.09	-0.33	0.34	-0.5	-0.07
Capex To Depreciation	0.02	-0.2	-0.02	0.15	-0.99	-0.51	-0.31		-0.2	0.02	-0.56	-0.25	-0.27	0.02	-0.18	-0.27	0.34	0.05	0.2	0.21	-0.91	-0.05	0.25	-0.12	-0.07	0.1
Pb Ratio	0.88	1.0	0.53	-0.56	0.3	0.7	0.03	-0.2		0.88	0.61	-0.2	-0.51	0.57	0.62	-0.55	-0.12	0.52	-0.59	-0.8	0.17	-0.9	-0.73	0.79	0.18	0.36
Ev To Sales	1.0	0.88	0.7	-0.42	0.1	0.5	0.12	0.02	0.88		0.41	-0.27	-0.41	0.49	0.49	-0.48	-0.25	0.59	-0.42	-0.68	-0.01	-0.83	-0.62	0.68	-0.09	0.31
Free Cash Flow Per Share	0.4	0.61	0.23	-0.85	0.61	0.97	-0.25	-0.56	0.61	0.41		0.11	-0.17	0.54	0.21	-0.22	0.05	0.23	-0.83	-0.44	0.67	-0.24	-0.51	0.25	0.41	0.08
Roic	-0.27	-0.2	-0.41	-0.17	0.16	-0.02	0.24	-0.25	-0.2	-0.27	0.11		0.31	-0.63	0.01	0.55	0.03	-0.49	-0.03	-0.04	0.32	0.34	-0.06	-0.14	-0.06	-0.77
Inventory Turnover	-0.41	-0.51	-0.03	0.33	0.22	-0.37	0.34	-0.27	-0.51	-0.41	-0.17	0.31		-0.57	-0.1	0.95	-0.61	-0.17	0.34	0.45	0.32	0.69	0.53	-0.12	-0.6	-0.65
Net Income Per Share	0.49	0.57	0.21	-0.52	0.04	0.64	-0.39	0.02	0.57	0.49	0.54	-0.63	-0.57		0.15	-0.75	0.32	0.3	-0.64	-0.44	-0.01	-0.52	-0.49	0.22	0.59	0.77
Days Of Inventory On Hand	0.49	0.62	0.1	-0.14	0.19	0.24	0.55	-0.18	0.62	0.49	0.21	0.01	-0.1	0.15		-0.08	-0.49	0.04	-0.18	-0.83	-0.04	-0.59	-0.73	0.86	-0.24	0.11
Payables Turnover	-0.48	-0.55	-0.18	0.35	0.2	-0.42	0.42	-0.27	-0.55	-0.48	-0.22	0.55	0.95	-0.75	-0.08		-0.53	-0.31	0.41	0.42	0.32	0.72	0.48	-0.15	-0.59	-0.77
Average Inventory	-0.25	-0.12	-0.48	-0.26	-0.38	0.11	-0.64	0.34	-0.12	-0.25	0.05	0.03	-0.61	0.32	-0.49	-0.53		-0.3	-0.26	0.1	-0.2	0.01	0.0	-0.47	0.85	0.3
Capex To Revenue	0.59	0.52	0.95	-0.25	0.11	0.31	-0.28	0.05	0.52	0.59	0.23	-0.49	-0.17	0.3	0.04	-0.31	-0.3		-0.28	0.03	-0.04	-0.46	0.08	0.35	-0.19	0.14
Cash Per Share	-0.42	-0.59	-0.22	0.95	-0.26	-0.86	0.52	0.2	-0.59	-0.42	-0.83	-0.03	0.34	-0.64	-0.18	0.41	-0.26	-0.28		0.42	-0.27	0.35	0.47	-0.24	-0.51	-0.05
Pocfratio	-0.68	-0.8	-0.04	0.39	-0.22	-0.52	-0.38	0.21	-0.8	-0.68	-0.44	-0.04	0.45	-0.44	-0.83	0.42	0.1	0.03	0.42		-0.08	0.77	0.96	-0.73	-0.17	-0.33
Interest Coverage	-0.01	0.17	0.04	-0.29	0.9	0.57	0.12	-0.91	0.17	-0.01	0.67	0.32	0.32	-0.01	-0.04	0.32	-0.2	-0.04	-0.27	-0.08		0.17	-0.11	0.01	0.13	-0.19
Capex To Operating Cash Flow	-0.83	-0.9	-0.44	0.28	-0.05	-0.41	-0.09	-0.05	-0.9	-0.83	-0.24	0.34	0.69	-0.52	-0.59	0.72	0.01	-0.46	0.35	0.77	0.17		0.7	-0.74	-0.17	-0.51
Pfcf Ratio	-0.62	-0.73	0.02	0.44	-0.25	-0.59	-0.33	0.25	-0.73	-0.62	-0.51	-0.06	0.53	-0.49	-0.73	0.48	0.0	0.08	0.47	0.96	-0.11	0.7		-0.55	-0.28	-0.38
Days Payables Outstanding	0.68	0.79	0.41	-0.2	0.18	0.29	0.34	-0.12	0.79	0.68	0.25	-0.14	-0.12	0.22	0.86	-0.15	-0.47	0.35	-0.24	-0.73	0.01	-0.74	-0.55		-0.25	0.12
Income Quality	-0.09	0.18	-0.38	-0.43	0.05	0.46	-0.5	-0.07	0.18	-0.09	0.41	-0.06	-0.6	0.59	-0.24	-0.59	0.85	-0.19	-0.51	-0.17	0.13	-0.17	-0.28	-0.25		0.48
Roe	0.31	0.36	0.05	0.07	-0.06	0.22	-0.07	0.1	0.36	0.31	0.08	-0.77	-0.65	0.77	0.11	-0.77	0.3	0.14	-0.05	-0.33	-0.19	-0.51	-0.38	0.12	0.48

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Canopy Growth Account Relationship Matchups

Canopy Growth fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	846.38	17.86	27.44	7.13	2.73	2.57
Ptb Ratio	27.56	1.46	4.31	1.03	1.45	1.52
Days Sales Outstanding	172.51	82.52	61.72	47.84	62.02	63.69
Book Value Per Share	21.46	148.77	97.45	92.77	16.39	6.69
Free Cash Flow Yield	(0.006281)	(0.21)	(0.0427)	(0.16)	(0.52)	(0.37)
Operating Cash Flow Per Share	(1.54)	(22.2)	(12.53)	(13.95)	(12.02)	(3.77)
Stock Based Compensation To Revenue	1.27	0.8	0.17	0.0897	0.0628	0.0477
Capex To Depreciation	14.55	5.77	1.37	0.42	0.12	0.0751
Pb Ratio	27.56	1.46	4.31	1.03	1.45	1.52
Ev To Sales	839.6	16.16	28.22	8.52	4.29	4.24
Free Cash Flow Per Share	(3.57)	(42.94)	(17.22)	(15.18)	(12.25)	(3.82)
Roic	(0.0696)	(0.0714)	(0.29)	0.008678	(0.21)	0.81
Inventory Turnover	0.52	1.1	1.3	3.49	3.41	2.81
Net Income Per Share	(1.99)	(39.86)	(44.96)	(8.19)	(71.37)	(8.79)
Days Of Inventory On Hand	696.22	331.62	280.0	104.57	107.19	129.86
Payables Turnover	0.73	3.49	7.13	11.1	15.93	7.58
Sales General And Administrative To Revenue	1.99	1.57	1.22	1.0	1.21	0.34
Research And Ddevelopement To Revenue	0.0673	0.16	0.11	0.0622	0.0539	0.0155
Capex To Revenue	3.02	1.81	0.32	0.0925	0.0262	0.0134
Cash Per Share	13.38	56.79	61.86	35.05	16.88	2.75
Pocfratio	(368.04)	(9.22)	(32.21)	(6.8)	(1.97)	(2.71)
Interest Coverage	(30.06)	(248.51)	5.24	(10.42)	13.2	(2.17)
Capex To Operating Cash Flow	(1.31)	(0.93)	(0.37)	(0.0881)	(0.0189)	(0.0142)
Pfcf Ratio	(159.21)	(4.76)	(23.44)	(6.25)	(1.93)	(2.67)
Days Payables Outstanding	501.82	104.63	51.18	32.88	22.92	48.17
Income Quality	0.78	0.56	0.28	1.7	0.17	0.58
Roe	(0.0964)	(0.28)	(0.48)	(0.0893)	(4.36)	(1.31)
Ev To Operating Cash Flow	(365.1)	(8.34)	(33.13)	(8.13)	(3.1)	(4.47)
Pe Ratio	(285.89)	(5.13)	(8.98)	(11.58)	(0.33)	(1.16)
Return On Tangible Assets	(0.1)	(0.31)	(0.36)	(0.0917)	(1.53)	(0.57)
Ev To Free Cash Flow	(157.93)	(4.31)	(24.11)	(7.47)	(3.04)	(4.41)
Earnings Yield	(0.003498)	(0.19)	(0.11)	(0.0864)	(3.01)	(0.86)
Intangibles To Total Assets	0.29	0.24	0.35	0.32	0.38	0.11
Net Debt To E B I T D A	2.43	0.52	(0.29)	(5.98)	(0.22)	(1.59)
Current Ratio	12.32	6.1	9.98	8.16	1.34	1.58
Tangible Book Value Per Share	15.34	78.93	38.32	38.62	10.47	4.72
Receivables Turnover	2.12	4.42	5.91	7.63	5.89	5.73
Graham Number	30.33	354.87	307.83	130.02	162.06	36.37
Shareholders Equity Per Share	20.6	140.4	93.68	91.74	16.36	6.69

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

0.81	ERE-UN	European Residential Real	Pair Corr
0.77	SEC	Senvest Capital	Pair Corr
0.72	LB	Laurentian Bank	Pair Corr
0.72	VLE	Valeura Energy	Pair Corr
0.71	FFH-PH	Fairfax Financial	Pair Corr

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.

Pair Correlation Correlation Matching

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:

How To Invest In Canopy

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Is Canopy Stock a good investment?

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What is Canopy Growth's Net Worth?

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You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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.

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Canopy Historical Financial Ratios

About Canopy Financial Ratios Analysis

Canopy Growth Financial Ratios Chart

Price To Sales Ratio

Ptb Ratio

Book Value Per Share

Roic

Average Inventory

Canopy Growth fundamentals Correlations

Canopy Growth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canopy Growth fundamentals Accounts

Pair Trading with Canopy Growth

Moving against Canopy Stock

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Ev To Sales	+ 1.0	Price To Sales Ratio
Pb Ratio	+ 1.0	Ptb Ratio
Free Cash Flow Per Share	+ 0.97	Operating Cash Flow Per Share
Pfcf Ratio	+ 0.96	Pocfratio
Capex To Revenue	+ 0.95	Days Sales Outstanding
Cash Per Share	+ 0.95	Book Value Per Share

Capex To Depreciation	- 0.99	Free Cash Flow Yield
Interest Coverage	- 0.91	Capex To Depreciation
Capex To Operating Cash Flow	- 0.9	Pb Ratio
Capex To Operating Cash Flow	- 0.9	Ptb Ratio
Cash Per Share	- 0.86	Operating Cash Flow Per Share
Operating Cash Flow Per Share	- 0.86	Book Value Per Share