Cango Financial Statements From 2010 to 2024

CANG Stock  USD 3.90  0.24  5.80%   
Cango financial statements provide useful quarterly and yearly information to potential Cango Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Cango financial statements helps investors assess Cango's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Cango's valuation are summarized below:
Gross Profit
-169 M
Profit Margin
0.5255
Market Capitalization
432.1 M
Enterprise Value Revenue
0.0255
Revenue
266.7 M
There are over one hundred nineteen available fundamental signals for Cango Inc, which can be analyzed over time and compared to other ratios. Active traders should verify all of Cango Inc prevailing fundamental drivers against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. The current Market Cap is estimated to decrease to about 835.8 M. The Cango's current Enterprise Value is estimated to increase to about (47.8 M)

Cango Total Revenue

1.88 Billion

Check Cango financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cango's main balance sheet or income statement drivers, such as Tax Provision of 183.4 M, Net Interest Income of 45.5 M or Interest Income of 57.8 M, as well as many indicators such as Price To Sales Ratio of 0.49, Dividend Yield of 1.43 or PTB Ratio of 0.24. Cango financial statements analysis is a perfect complement when working with Cango Valuation or Volatility modules.
  
Check out the analysis of Cango Correlation against competitors.

Cango Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets7.4 B4.6 B4.3 B
Slightly volatile
Short and Long Term Debt Total86 M90.5 M846.8 M
Slightly volatile
Other Current Liabilities695.7 M385.2 M444 M
Slightly volatile
Total Current Liabilities738.9 M777.7 M1.1 B
Slightly volatile
Other Liabilities12.1 M12.7 M46.2 M
Pretty Stable
Property Plant And Equipment Net31.3 M55.4 M18.8 M
Slightly volatile
Current Deferred Revenue200.5 M138.3 M111 M
Slightly volatile
Accounts Payable13.4 M23.8 M9.4 M
Slightly volatile
CashBB753.1 M
Slightly volatile
Non Current Assets Total726.4 M764.6 M1.3 B
Slightly volatile
Non Currrent Assets Other1.2 B660.8 M720.7 M
Slightly volatile
Other AssetsB1.4 B1.1 B
Slightly volatile
Long Term Debt676.4 K712 K254.5 M
Very volatile
Cash And Short Term Investments2.8 B1.7 B1.6 B
Slightly volatile
Net Receivables414.1 M435.9 M775.9 M
Slightly volatile
Common Stock Total Equity171.4 K234.9 K139.5 K
Slightly volatile
Common Stock Shares Outstanding115.4 M121.5 M143.8 M
Slightly volatile
Short Term Investments603.3 M635.1 M785.9 M
Slightly volatile
Long Term Debt Total313.2 M346.9 M256.1 M
Slightly volatile
Liabilities And Stockholders Equity7.4 B4.6 B4.3 B
Slightly volatile
Non Current Liabilities Total51.2 M53.9 M2.4 B
Slightly volatile
Capital Surpluse5.5 B5.2 B2.2 B
Slightly volatile
InventoryB1.9 B475.2 M
Slightly volatile
Other Current Assets1.9 B1.8 B484.7 M
Slightly volatile
Other Stockholder Equity3.6 BBB
Slightly volatile
Total Liabilities790.1 M831.6 M3.5 B
Slightly volatile
Property Plant And Equipment Gross88.3 M84.1 M24.5 M
Slightly volatile
Total Current Assets5.2 B3.9 BB
Slightly volatile
Short Term Debt45.2 M47.6 M581.7 M
Slightly volatile
Intangible Assets32.6 M48.4 M18.5 M
Slightly volatile
Common Stock191.4 K234.9 K140.8 K
Slightly volatile
Property Plant Equipment115.2 M109.7 M28 M
Slightly volatile
Net Working Capital3.6 B3.1 B2.1 B
Slightly volatile
Capital Stock163.4 K183.8 K200.2 K
Slightly volatile

Cango Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Tax Provision183.4 M361.9 M122.4 M
Slightly volatile
Net Interest Income45.5 M66.4 M26.6 M
Slightly volatile
Interest Income57.8 M75.6 M33.5 M
Slightly volatile
Depreciation And Amortization10.5 M18.6 M6.4 M
Slightly volatile
Interest Expense3.9 M4.1 MM
Slightly volatile
Selling General Administrative241.6 M157 M147.3 M
Slightly volatile
Selling And Marketing Expenses37 M38.9 M93 M
Slightly volatile
Total Revenue1.9 B1.7 B1.2 B
Slightly volatile
Gross Profit180.6 M190.1 M434.2 M
Pretty Stable
Other Operating Expenses1.8 B1.8 B1.1 B
Slightly volatile
Research Development46.4 M30.1 M27.6 M
Slightly volatile
Cost Of Revenue1.2 B1.5 B745 M
Slightly volatile
Total Operating Expenses596.6 M400.3 M361 M
Slightly volatile
Income Tax Expense146.5 M93.5 M102 M
Slightly volatile
Reconciled Depreciation11.8 M18.6 M7.2 M
Slightly volatile

Cango Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation69.3 M38.5 M39.9 M
Slightly volatile
Begin Period Cash Flow2.1 B1.3 B1.2 B
Slightly volatile
Depreciation10.5 M18.6 M6.4 M
Slightly volatile
Capital Expenditures1.7 M1.8 M7.8 M
Pretty Stable
End Period Cash Flow2.5 B3.3 B1.4 B
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.490.516917.2991
Slightly volatile
Dividend Yield1.431.360.3156
Slightly volatile
Days Sales Outstanding88.8193.4793192
Slightly volatile
Average Payables25.6 M24.4 M10.5 M
Slightly volatile
Stock Based Compensation To Revenue0.02980.02260.0252
Slightly volatile
Capex To Depreciation0.09090.09571.6389
Slightly volatile
Inventory Turnover25.1843.4328.3836
Slightly volatile
Days Of Inventory On Hand6.476.8175.7391
Pretty Stable
Payables Turnover12663.5366106
Slightly volatile
Sales General And Administrative To Revenue0.0960.09220.1055
Slightly volatile
Average Inventory463.4 M441.3 M225 M
Slightly volatile
Research And Ddevelopement To Revenue0.02770.01770.0199
Slightly volatile
Capex To Revenue0.0010.0010.007
Very volatile
Cash Per Share15.913.624212.0709
Slightly volatile
Days Payables Outstanding7.165.74478.2061
Slightly volatile
Intangibles To Total Assets0.01160.01040.0092
Slightly volatile
Current Ratio5.244.9942.1774
Slightly volatile
Receivables Turnover3.373.90463.1051
Pretty Stable
Graham Number14.114.840739.9063
Pretty Stable
Capex Per Share0.0140.01470.072
Pretty Stable
Average Receivables1.7 BB1.9 B
Slightly volatile
Revenue Per Share10.5414.00488.9087
Slightly volatile
Interest Debt Per Share0.350.36876.3106
Slightly volatile
Debt To Assets0.00830.00880.2009
Slightly volatile
Operating Cycle88.8193.4793266
Pretty Stable
Days Of Payables Outstanding7.165.74478.2061
Slightly volatile
Quick Ratio5.244.9942.118
Slightly volatile
Cash Ratio0.921.31230.5704
Slightly volatile
Cash Conversion Cycle83.3587.7346258
Pretty Stable
Days Of Inventory Outstanding6.476.8175.7391
Pretty Stable
Days Of Sales Outstanding88.8193.4793192
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.780.99830.9619
Pretty Stable
Fixed Asset Turnover29.1930.7239102
Slightly volatile
Debt Ratio0.00830.00880.2009
Slightly volatile
Price Sales Ratio0.490.516917.2991
Slightly volatile
Asset Turnover0.360.36610.442
Slightly volatile
Gross Profit Margin0.110.11170.4752
Slightly volatile

Cango Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap835.8 M879.7 M9.3 B
Slightly volatile

Cango Fundamental Market Drivers

Cash And Short Term Investments1.7 B

Cango Upcoming Events

14th of March 2024
Upcoming Quarterly Report
View
31st of December 2023
Next Fiscal Quarter End
View
30th of September 2023
Last Quarter Report
View

About Cango Financial Statements

Cango stakeholders use historical fundamental indicators, such as Cango's revenue or net income, to determine how well the company is positioned to perform in the future. Although Cango investors may analyze each financial statement separately, they are all interrelated. For example, changes in Cango's assets and liabilities are reflected in the revenues and expenses on Cango's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Cango Inc. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue138.3 M200.5 M
Total Revenue1.7 B1.9 B
Cost Of Revenue1.5 B1.2 B
Stock Based Compensation To Revenue 0.02  0.03 
Sales General And Administrative To Revenue 0.09  0.10 
Research And Ddevelopement To Revenue 0.02  0.03 
Revenue Per Share 14.00  10.54 
Ebit Per Revenue(0.04)(0.04)

Currently Active Assets on Macroaxis

When determining whether Cango Inc is a strong investment it is important to analyze Cango's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cango's future performance. For an informed investment choice regarding Cango Stock, refer to the following important reports:
Check out the analysis of Cango Correlation against competitors.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Automotive Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cango. If investors know Cango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cango listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.923
Earnings Share
0.19
Revenue Per Share
2.528
Quarterly Revenue Growth
(0.92)
Return On Assets
0.0154
The market value of Cango Inc is measured differently than its book value, which is the value of Cango that is recorded on the company's balance sheet. Investors also form their own opinion of Cango's value that differs from its market value or its book value, called intrinsic value, which is Cango's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cango's market value can be influenced by many factors that don't directly affect Cango's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cango's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cango is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cango's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.