Canadian Solar's (NASDAQ:CSIQ) Problems Go Beyond Weak Profit [Yahoo! Finance]
Canadian Solar Inc. - Common Shares (CSIQ)
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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Source: Yahoo! Finance
We did some further digging and think they have a few more reasons to be concerned beyond the statutory profit. View our latest analysis for Canadian Solar Examining Cashflow Against Canadian Solar's Earnings Many investors haven't heard of the accrual ratio from cashflow , but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. The ratio shows us how much a company's profit exceeds its FCF. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profit
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CSIQ
News
- Canadian Solar Schedules Third Quarter 2024 Earnings Conference Call for December 5PR Newswire
- Recurrent Energy to deliver 1,800 MWh of energy storage and 150 MWac of solar capacity to Arizona Public Service by 2026PR Newswire
- Recurrent Energy Announces Successful Operation of 134 MW Solar ProjectPR Newswire
- How American Tax Breaks Brought a Chinese Solar Energy Giant to Ohio [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Canadian Solar: An Upcycle Is On The Horizon [Seeking Alpha]Seeking Alpha
CSIQ
Earnings
- 8/22/24 - Beat
CSIQ
Sec Filings
- 11/8/24 - Form SC
- 10/29/24 - Form 6-K
- 10/22/24 - Form SC
- CSIQ's page on the SEC website