Operating Margin % is calculated as Operating Income divided by its Revenue. Canopy Growth's Operating Income for the
three
months ended in Sep. 2023 was $-19.5 Mil. Canopy Growth's Revenue for the
three
months ended in Sep. 2023 was $51.4 Mil. Therefore, Canopy Growth's Operating Margin % for the quarter that ended in Sep. 2023 was -37.95%.
Good Sign:
Canopy Growth Corp operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Canopy Growth's Operating Margin % or its related term are showing as below:
CGC'
s Operating Margin % Range Over the Past 10 Years
Min: -1625 Med: -144.33 Max: -10.38
Current: -124.34
CGC's Operating Margin % is ranked worse than 88.51% of 1036
companies
in the Drug Manufacturers industry
Industry Median: 5.88
vs CGC: -124.34
Canopy Growth's 5-Year Average Operating Margin % Growth Rate was 8.90% per year.
Canopy Growth's Operating Income for the
three
months ended in Sep. 2023 was $-19.5 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-323.6 Mil.
Canopy Growth Operating Margin % Historical Data
The historical data trend for Canopy Growth's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Canopy Growth Annual Data
Trend
Jul13
Dec14
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Operating Margin %
-271.30
-257.00
-107.21
-139.59
-137.96
Canopy Growth Quarterly Data
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Operating Margin %
-103.70
-116.74
-290.83
-73.83
-37.95
Competitive Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Canopy Growth's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Canopy Growth Operating Margin % Distribution
For the Drug Manufacturers industry and Healthcare sector, Canopy Growth's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Canopy Growth's Operating Margin % falls into.
Canopy Growth Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Canopy Growth's Operating Margin % for the fiscal year that ended in Mar. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Canopy Growth Operating Margin % Related Terms
Thank you for viewing the detailed overview of Canopy Growth's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Doja, 7ACRES, Tweed, and Deep Space. Its non-THC products include sports drink BioSteel, skincare products under This Works, Martha Stewart CBD, and Storz & Bickel vaporizers. Canopy growth is attempting to merge its U.S. assets into a separately operated holding company, Canopy USA, which will not be consolidated into the Canadian company's financials.
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