Cango Net Working Capital from 2010 to 2024

CANG Stock  USD 3.95  0.14  3.67%   
Cango's Net Working Capital is increasing over the last several years with slightly volatile swings. Net Working Capital is estimated to finish at about 3.6 B this year. During the period from 2010 to 2024 Cango Inc Net Working Capital regressed destribution of quarterly values had coefficient of variationof  89.42 and r-value of  0.76. View All Fundamentals
 
Net Working Capital  
First Reported
2010-12-31
Previous Quarter
3.1 B
Current Value
3.6 B
Quarterly Volatility
1.8 B
 
Credit Downgrade
 
Yuan Drop
 
Covid
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.

Latest Cango's Net Working Capital Growth Pattern

Below is the plot of the Net Working Capital of Cango Inc over the last few years. It is Cango's Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cango's overall financial position and show how it may be relating to other accounts over time.
Net Working Capital10 Years Trend
Slightly volatile
   Net Working Capital   
       Timeline  

Cango Net Working Capital Regression Statistics

Arithmetic Mean2,052,069,258
Geometric Mean1,358,158,702
Coefficient Of Variation89.42
Mean Deviation1,568,131,004
Median581,946,442
Standard Deviation1,834,959,610
Sample Variance3367076.8T
Range5.9B
R-Value0.76
Mean Square Error1548238.6T
R-Squared0.57
Significance0
Slope310,598,343
Total Sum of Squares47139074.8T

Cango Net Working Capital History

20243.6 B
20233.1 B
20222.9 B
20214.2 B
20206.4 B
20192.6 B
20183.2 B

About Cango Financial Statements

Cango stakeholders use historical fundamental indicators, such as Cango's Net Working Capital, 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
Net Working Capital3.1 B3.6 B

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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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.