Canopy Growth (CGC) Asset Writedowns and Impairment (2020 - 2023)
Canopy Growth (CGC) posted Asset Writedowns and Impairment of $7.88 million for fiscal Q1 2024 (quarter ended Jun 30, 2023), down 99.4% from $1.35 billion a year earlier and down 97.1% from the prior quarter.
Canopy Growth (CGC) Asset Writedowns and Impairment (2020 - 2023) Analysis & Trends
For the trailing twelve months through Jun 30, 2023, Asset Writedowns and Impairment at Canopy Growth was $381.6 million, down 75.4% year-over-year; for FY2023 (ended Mar 31, 2023), it was $1.69 billion, up 534.9% from FY2022.
- Annual Asset Writedowns and Impairment shows a three-year compound annual growth rate of 57.7% (FY2020 to FY2023).
- In prior fiscal years, Canopy Growth's Asset Writedowns and Impairment was $265.64 million in FY2022 (-32.4%), $393.12 million in FY2021 (-8.6%) and $429.99 million in FY2020.
- The fiscal Q1 2024 figure stands as the lowest quarterly Asset Writedowns and Impairment since fiscal Q2 2022.
- On a year-over-year basis, Asset Writedowns and Impairment increased in two of the last five quarters, with an average decline of 12.8%.
- According to Business Quant data, Asset Writedowns and Impairment for the three prior fiscal quarters was $275.71 million (Q4 2023), $10.37 million (Q3 2023) and $87.65 million (Q2 2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 292.24 Bn | 273.81 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 121.70 Bn | 100.85 Bn | - |
| 3 | Altria | 112.46 Bn | 98.66 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.67 Bn | 2.27 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.06 Bn | 674.09 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.30 Bn | 155.26 Mn | 137.87 Mn |
| 8 | Cronos | 1.19 Bn | -2.03 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.12 Bn | 246.72 Mn | 93.70 Mn |
| 10 | Canopy Growth | 372.26 Mn | -634.93 Mn | 16.08 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2023 | 7.88 Mn |
| Mar 31, 2023 | 275.71 Mn |
| Dec 31, 2022 | 10.37 Mn |
| Sep 30, 2022 | 87.65 Mn |
| Jun 30, 2022 | 1.35 Bn |
| Mar 31, 2022 | 173.45 Mn |
| Dec 31, 2021 | 25.83 Mn |
| Sep 30, 2021 | -809,503.09 |
| Jun 30, 2021 | 66.47 Mn |
| Mar 31, 2021 | 76.32 Mn |
| Dec 31, 2020 | 278.79 Mn |
Canopy Growth Asset Writedowns and Impairment API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=CGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-writedowns-and-impairment", "ticker": "CGC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=CGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();