Cango Financial Statements From 2010 to 2024
| CANG Stock | USD 1.38 0.05 3.76% |
Gross Profit -169 M | Profit Margin (0.02) | Market Capitalization 179.2 M | Enterprise Value Revenue 0.0255 | Revenue 1.7 B |
Cango Total Revenue |
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Check Cango financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cango 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 exotic indicators such as Price To Sales Ratio of 0.48, 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.
Cango | Select Account or Indicator |
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Cango Fundamental Market Drivers
| Cash And Short Term Investments | 1.7 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
There are typically three primary documents that fall into the category of financial statements. These documents include Cango income statement, its balance sheet, and the statement of cash flows. Cango investors use historical funamental 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 use each financial statement separately, they are all related. The changes in Cango's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cango's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cango Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cango. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 653.5 M | 686.2 M | |
| Total Revenue | 1.7 B | 1.9 B | |
| Cost Of Revenue | 1.4 B | 1.2 B | |
| Stock Based Compensation To Revenue | 0.02 | 0.03 | |
| Sales General And Administrative To Revenue | 0.09 | 0.1 | |
| Research And Ddevelopement To Revenue | 0.02 | 0.03 | |
| Capex To Revenue | (0) | (0) | |
| Revenue Per Share | 14.38 | 9.63 | |
| Ebit Per Revenue | 0.06 | 0.06 |
Pair Trading with Cango
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cango position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cango will appreciate offsetting losses from the drop in the long position's value.Moving together with Cango Stock
| 0.71 | AEO | American Eagle Outfitters Financial Report 22nd of May 2024 | PairCorr |
Moving against Cango Stock
| 0.74 | GLBE | Global E Online Financial Report 27th of May 2024 | PairCorr |
| 0.7 | CPS | Cooper Stnd | PairCorr |
| 0.65 | LVWR | LiveWire Group | PairCorr |
| 0.56 | PDD | Pinduoduo Financial Report 24th of May 2024 | PairCorr |
| 0.52 | MELI | MercadoLibre Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cango could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cango when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cango - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cango Inc to buy it.
The correlation of Cango is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cango moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cango Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cango can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Cango Correlation against competitors. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Cango Stock analysis
When running Cango's price analysis, check to measure Cango's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cango is operating at the current time. Most of Cango's value examination focuses on studying past and present price action to predict the probability of Cango's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cango's price. Additionally, you may evaluate how the addition of Cango to your portfolios can decrease your overall portfolio volatility.
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Is Cango's industry 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 (0.92) | Earnings Share (0.50) | Revenue Per Share 14.005 | Quarterly Revenue Growth (0.73) | Return On Assets 0.0108 |
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.