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Year on year Canadian Solar Inc had relatively flat revenues (7.47bn to 7.61bn), though the company grew net income 14.26% from 239.97m to 274.19m. A reduction in the selling, general and administrative costs as a percentage of sales from 12.06% to 10.64% was a component in the net income growth despite flat revenues.
Gross margin | 16.22% |
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Net profit margin | 1.95% |
Operating margin | 2.77% |
Return on assets | 1.09% |
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Return on equity | 1.44% |
Return on investment | 2.66% |
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Cash flow in USDView more
In 2023, Canadian Solar Inc increased its cash reserves by 49.60%, or 976.93m. Cash Flow from Financing totalled 2.05bn or 26.96% of revenues. In addition the company generated 684.62m in cash from operations while cash used for investing totalled 1.67bn.
Cash flow per share | 7.71 |
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Price/Cash flow per share | 1.52 |
Book value per share | 40.14 |
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Tangible book value per share | 39.63 |
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Balance sheet in USDView more
Current ratio | 1.04 |
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Quick ratio | 0.82 |
Total debt/total equity | 1.81 |
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Total debt/total capital | 0.5543 |
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Growth rates in USD
Year on year, growth in earnings per share excluding extraordinary items increased 12.41%. Additionally, five year annualized earnings per share growth is in-line with the industry average relative to its peers.
EPS growth(5 years) | -0.0505 |
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EPS (TTM) vs TTM 1 year ago | -91.02 |