Cango Historical Income Statement

CANG Stock

USD 3.81 0.09 2.31%

Historical analysis of Cango income statement accounts such as Net Interest Income of 45.5 M, Interest Income of 57.8 M or Discontinued Operations of 0.0 can show how well Cango Inc performed in making a profits. Evaluating Cango income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cango's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Cango Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cango Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Cango Income Statement Analysis

Cango Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Cango shareholders. The income statement also shows Cango investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Cango Income Statement Chart

At this time, Cango's Other Operating Expenses is most likely to increase significantly in the upcoming years. The Cango's current EBIT is estimated to increase to about 113.8 M, while Net Interest Income is projected to decrease to roughly 45.5 M.

Tax Provision Selling General Administrative Selling And Marketing Expenses Total Revenue Cost Of Revenue Reconciled Depreciation

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Total Revenue

Total revenue comprises all receipts Cango Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Cost Of Revenue

Cost of Revenue is found on Cango Inc income statement and represents the costs associated with goods and services Cango provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most accounts from Cango's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cango Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Net Interest Income	35.9M	26.9M	66.4M	45.5M
Tax Provision	20.9M	236.7M	361.9M	183.4M

Net Interest Income Tax Provision

Cango income statement Correlations

	Tax Provision	Net Interest Income	Interest Income	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Minority Interest	Reconciled Depreciation
Tax Provision		0.63	0.6	0.76	0.08	0.33	0.16	0.35	0.05	0.39	-0.27	0.31	-0.2	0.44	-0.19	0.38	0.43	0.46	0.63	0.41	0.79	-0.65	0.75
Net Interest Income	0.63		0.98	0.76	0.42	0.67	0.59	0.59	0.53	0.52	0.04	0.3	0.11	0.82	0.12	0.48	0.61	0.4	0.45	0.38	0.48	-0.67	0.74
Interest Income	0.6	0.98		0.81	0.56	0.73	0.65	0.65	0.55	0.59	-0.03	0.2	0.05	0.87	0.06	0.55	0.69	0.3	0.36	0.28	0.46	-0.68	0.77
Depreciation And Amortization	0.76	0.76	0.81		0.51	0.68	0.39	0.65	0.11	0.74	-0.56	-0.17	-0.48	0.7	-0.47	0.71	0.79	-0.03	0.19	-0.08	0.49	-0.76	1.0
Interest Expense	0.08	0.42	0.56	0.51		0.66	0.76	0.57	0.51	0.57	-0.23	-0.18	-0.2	0.69	-0.19	0.5	0.68	-0.18	-0.11	-0.21	0.17	-0.3	0.45
Selling General Administrative	0.33	0.67	0.73	0.68	0.66		0.82	0.97	0.6	0.94	-0.29	0.06	-0.28	0.94	-0.27	0.9	0.95	0.12	0.27	0.09	0.38	-0.71	0.65
Selling And Marketing Expenses	0.16	0.59	0.65	0.39	0.76	0.82		0.74	0.9	0.65	0.09	0.38	0.06	0.86	0.06	0.59	0.72	0.36	0.39	0.34	0.37	-0.43	0.32
Total Revenue	0.35	0.59	0.65	0.65	0.57	0.97	0.74		0.56	0.96	-0.28	0.05	-0.26	0.88	-0.25	0.96	0.89	0.11	0.26	0.1	0.31	-0.72	0.62
Gross Profit	0.05	0.53	0.55	0.11	0.51	0.6	0.9	0.56		0.37	0.51	0.61	0.47	0.7	0.47	0.33	0.4	0.57	0.47	0.58	0.26	-0.19	0.03
Other Operating Expenses	0.39	0.52	0.59	0.74	0.57	0.94	0.65	0.96	0.37		-0.52	-0.11	-0.5	0.82	-0.5	0.99	0.95	-0.04	0.19	-0.07	0.34	-0.76	0.72
Operating Income	-0.27	0.04	-0.03	-0.56	-0.23	-0.29	0.09	-0.28	0.51	-0.52		0.61	0.98	-0.12	0.98	-0.49	-0.54	0.54	0.22	0.59	-0.2	0.46	-0.6
Net Income From Continuing Ops	0.31	0.3	0.2	-0.17	-0.18	0.06	0.38	0.05	0.61	-0.11	0.61		0.56	0.24	0.56	-0.13	-0.06	0.98	0.89	0.99	0.56	-0.13	-0.21
Ebit	-0.2	0.11	0.05	-0.48	-0.2	-0.28	0.06	-0.26	0.47	-0.5	0.98	0.56		-0.09	1.0	-0.47	-0.53	0.52	0.2	0.57	-0.19	0.39	-0.52
Research Development	0.44	0.82	0.87	0.7	0.69	0.94	0.86	0.88	0.7	0.82	-0.12	0.24	-0.09		-0.08	0.76	0.88	0.31	0.42	0.28	0.5	-0.74	0.65
Ebitda	-0.19	0.12	0.06	-0.47	-0.19	-0.27	0.06	-0.25	0.47	-0.5	0.98	0.56	1.0	-0.08		-0.47	-0.52	0.52	0.2	0.57	-0.18	0.38	-0.51
Cost Of Revenue	0.38	0.48	0.55	0.71	0.5	0.9	0.59	0.96	0.33	0.99	-0.49	-0.13	-0.47	0.76	-0.47		0.88	-0.06	0.15	-0.08	0.26	-0.74	0.69
Total Operating Expenses	0.43	0.61	0.69	0.79	0.68	0.95	0.72	0.89	0.4	0.95	-0.54	-0.06	-0.53	0.88	-0.52	0.88		0.01	0.25	-0.03	0.5	-0.76	0.76
Income Before Tax	0.46	0.4	0.3	-0.03	-0.18	0.12	0.36	0.11	0.57	-0.04	0.54	0.98	0.52	0.31	0.52	-0.06	0.01		0.94	1.0	0.65	-0.24	-0.07
Total Other Income Expense Net	0.63	0.45	0.36	0.19	-0.11	0.27	0.39	0.26	0.47	0.19	0.22	0.89	0.2	0.42	0.2	0.15	0.25	0.94		0.92	0.83	-0.47	0.17
Net Income	0.41	0.38	0.28	-0.08	-0.21	0.09	0.34	0.1	0.58	-0.07	0.59	0.99	0.57	0.28	0.57	-0.08	-0.03	1.0	0.92		0.6	-0.21	-0.11
Income Tax Expense	0.79	0.48	0.46	0.49	0.17	0.38	0.37	0.31	0.26	0.34	-0.2	0.56	-0.19	0.5	-0.18	0.26	0.5	0.65	0.83	0.6		-0.55	0.48
Minority Interest	-0.65	-0.67	-0.68	-0.76	-0.3	-0.71	-0.43	-0.72	-0.19	-0.76	0.46	-0.13	0.39	-0.74	0.38	-0.74	-0.76	-0.24	-0.47	-0.21	-0.55		-0.77
Reconciled Depreciation	0.75	0.74	0.77	1.0	0.45	0.65	0.32	0.62	0.03	0.72	-0.6	-0.21	-0.52	0.65	-0.51	0.69	0.76	-0.07	0.17	-0.11	0.48	-0.77

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Cango Account Relationship Matchups

Cango income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Tax Provision	83.0M	369.9M	20.9M	236.7M	361.9M	183.4M
Net Interest Income	82.5M	70.0M	35.9M	26.9M	66.4M	45.5M
Interest Income	96.0M	72.8M	50.4M	43.7M	75.6M	57.8M
Depreciation And Amortization	10.5M	9.5M	8.5M	17.5M	18.6M	10.5M
Interest Expense	13.5M	2.8M	14.5M	16.8M	4.1M	3.9M
Selling General Administrative	270.8M	268.0M	473.9M	299.5M	157.0M	241.6M
Selling And Marketing Expenses	192.8M	195.9M	239.3M	132.8M	38.9M	37.0M
Total Revenue	1.4B	2.1B	3.9B	2.0B	1.7B	1.9B
Gross Profit	900.8M	954.3M	963.7M	150.4M	190.1M	180.6M
Other Operating Expenses	1.1B	1.7B	3.9B	2.9B	1.8B	1.8B
Operating Income	485.7M	429.9M	53.9M	(947.1M)	(73.8M)	(70.1M)
Net Income From Continuing Ops	404.9M	3.4B	(8.5M)	(1.1B)	(493.0M)	(468.4M)
Ebit	485.7M	429.9M	26.8M	(964.6M)	59.7M	113.8M
Research Development	57.4M	62.6M	70.3M	46.0M	30.1M	46.4M
Ebitda	496.1M	439.4M	35.3M	(947.1M)	78.3M	121.4M
Cost Of Revenue	539.3M	1.1B	3.0B	1.8B	1.5B	1.2B
Total Operating Expenses	577.5M	636.0M	987.0M	1.1B	400.3M	596.6M
Income Before Tax	487.8M	3.7B	12.3M	(874.5M)	55.6M	52.8M
Total Other Income Expense Net	2.2M	3.4B	35.6M	72.6M	129.3M	122.9M
Net Income Applicable To Common Shares	390.9M	3.4B	(8.5M)	(1.1B)	(1.0B)	(950.1M)
Net Income	390.9M	3.4B	(8.5M)	(1.1B)	(37.9M)	(36.0M)
Income Tax Expense	83.0M	369.9M	20.9M	236.7M	93.5M	146.5M
Reconciled Depreciation	10.5M	9.5M	8.5M	17.5M	18.6M	11.8M

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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:

How To Invest In Cango

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Is Cango Stock a good investment?

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What is Cango's Net Worth?

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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.

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Cango Historical Income Statement

About Cango Income Statement Analysis

Cango Income Statement Chart

Tax Provision

Total Revenue

Cost Of Revenue

Cango income statement Correlations

Cango Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cango income statement Accounts

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Reconciled Depreciation	+ 1.0	Depreciation And Amortization
Ebitda	+ 1.0	Ebit
Net Income	+ 1.0	Income Before Tax
Cost Of Revenue	+ 0.99	Other Operating Expenses
Net Income	+ 0.99	Net Income From Continuing Ops
Interest Income	+ 0.98	Net Interest Income

Reconciled Depreciation	- 0.77	Minority Interest
Minority Interest	- 0.76	Total Operating Expenses
Minority Interest	- 0.76	Other Operating Expenses
Minority Interest	- 0.76	Depreciation And Amortization
Minority Interest	- 0.74	Cost Of Revenue
Minority Interest	- 0.74	Research Development