Canaan (CAN) Exchange Rate Effect (2021 - 2024)
Canaan (CAN) posted quarterly Exchange Rate Effect of $7.2 million for Q4 2024, up 237.53% year-over-year from $2.1 million in Q1 2024, and up 68.48% quarter-over-quarter from $4.2 million in Q3 2024.
Canaan (CAN) Exchange Rate Effect (2021 - 2024) Analysis & Trends
Canaan (CAN) has reported Exchange Rate Effect for 4 consecutive years, with $7.2 million the latest figure, recorded in Q4 2024.
- In Q4 2024, Exchange Rate Effect rose 237.53% year-over-year to $7.2 million; the TTM figure through Dec 2024 stood at $12.4 million (up 156.91% YoY), while the FY2025 annual figure was $897000.0, up 179.8% from the prior year.
- Exchange Rate Effect improved to $7.2 million in Q4 2024 per CAN's latest filing, from $4.2 million in the prior quarter.
- Across five years, Exchange Rate Effect topped out at $7.2 million in Q4 2024 and bottomed at -$19.8 million in Q4 2022.
- Historically, Exchange Rate Effect has averaged -$1.7 million across 4 years, with a median of $663994.7 in 2021.
- Annual changes were most pronounced in 2022 — Exchange Rate Effect sank 578.33% — and 2024, when it jumped 237.53%.
- Canaan's Exchange Rate Effect stood at -$2.9 million in 2021, then tumbled by 578.33% to -$19.8 million in 2022, then surged by 73.73% to -$5.2 million in 2023, then surged by 237.53% to $7.2 million in 2024.
- Business Quant data shows CAN's Exchange Rate Effect at $7.2 million in Q4 2024, $4.2 million in Q3 2024, and -$5.2 million in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 279.74 Bn | 268.16 Bn | 7.78 Bn | -13.00 Mn |
| 2 | Arista Networks | 233.03 Bn | 220.67 Bn | 1.68 Bn | -2.60 Mn |
| 3 | Sandisk | 191.00 Bn | 187.26 Bn | 4.66 Bn | -7.00 Mn |
| 4 | Seagate Technology Holdings | 182.93 Bn | 181.79 Bn | 1.45 Bn | - |
| 5 | Western Digital | 180.27 Bn | 177.03 Bn | 1.68 Bn | -1.00 Mn |
| 6 | Everpure | 26.48 Bn | 24.98 Bn | 723.33 Mn | - |
| 7 | Hp | 25.04 Bn | 21.33 Bn | 3.02 Bn | - |
| 8 | Super Micro Computer | 17.15 Bn | 15.86 Bn | 1.02 Bn | -393,000.00 |
| 9 | Logitech International | 15.08 Bn | 13.33 Bn | 607.94 Mn | -775,000.00 |
| 10 | Canaan | 1.81 Bn | 1.81 Bn | -22.91 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 7.16 Mn |
| Dec 31, 2024 | 7.16 Mn |
| Sep 30, 2024 | 4.25 Mn |
| Sep 30, 2024 | 4.25 Mn |
| Dec 31, 2023 | -5.20 Mn |
| Dec 31, 2023 | -5.20 Mn |
| Sep 30, 2023 | 6.18 Mn |
| Sep 30, 2023 | 6.18 Mn |
| Dec 31, 2022 | -19.81 Mn |
| Dec 31, 2022 | -19.81 Mn |
| Dec 31, 2021 | -2.92 Mn |
| Dec 31, 2021 | -2.92 Mn |