Cango Accounts Payable vs Current Deferred Revenue Analysis

CANG Stock

USD 1.60 0.01 0.63%

Cango financial indicator trend analysis is way more than just evaluating Cango Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cango Inc is a good investment. Please check the relationship between Cango Accounts Payable and its Current Deferred Revenue accounts. 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Accounts Payable vs Current Deferred Revenue

Accounts Payable vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cango Inc Accounts Payable account and Current Deferred Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Cango's Accounts Payable and Current Deferred Revenue is -0.02. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Cango Inc, assuming nothing else is changed. The correlation between historical values of Cango's Accounts Payable and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Cango Inc are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Accounts Payable i.e., Cango's Accounts Payable and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.02

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Cango obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Cango Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Cango's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, Cango's Selling General Administrative is most likely to increase significantly in the upcoming years. The Cango's current Sales General And Administrative To Revenue is estimated to increase to 0.1, while Tax Provision is projected to decrease to roughly 183.4 M.

	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 fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Total Assets		0.85	0.83	0.9	0.98	0.51	0.97	0.38	0.61	0.2	0.99	0.22	0.76	0.91	0.82	0.99	0.6	0.98	0.93	0.88	-0.15	0.81	0.73	-0.86	0.89	0.36
Short Long Term Debt Total	0.85		0.6	0.9	0.8	0.55	0.78	0.1	0.35	0.45	0.84	-0.16	0.73	0.97	0.79	0.84	0.76	0.82	0.94	0.67	0.34	0.71	0.55	-0.59	0.61	-0.01
Other Current Liab	0.83	0.6		0.86	0.82	0.22	0.81	0.58	0.88	0.27	0.82	0.07	0.44	0.7	0.56	0.8	0.29	0.76	0.82	0.77	-0.32	0.73	0.54	-0.78	0.78	0.42
Total Current Liabilities	0.9	0.9	0.86		0.87	0.35	0.85	0.41	0.69	0.42	0.89	-0.1	0.65	0.93	0.78	0.87	0.53	0.82	0.97	0.78	0.08	0.74	0.58	-0.74	0.74	0.23
Total Stockholder Equity	0.98	0.8	0.82	0.87		0.42	1.0	0.49	0.62	0.08	0.98	0.34	0.8	0.87	0.85	0.97	0.51	0.95	0.89	0.95	-0.25	0.75	0.83	-0.93	0.95	0.48
Other Liab	0.51	0.55	0.22	0.35	0.42		0.42	-0.16	0.04	0.52	0.55	-0.21	0.19	0.49	0.13	0.47	0.85	0.64	0.56	0.24	0.27	0.81	0.08	-0.11	0.21	-0.25
Net Tangible Assets	0.97	0.78	0.81	0.85	1.0	0.42		0.51	0.61	0.06	0.98	0.37	0.79	0.85	0.83	0.96	0.49	0.94	0.87	0.97	-0.28	0.74	0.83	-0.93	0.96	0.5
Property Plant And Equipment Net	0.38	0.1	0.58	0.41	0.49	-0.16	0.51		0.82	-0.05	0.38	0.26	0.15	0.15	0.36	0.29	-0.29	0.3	0.32	0.64	-0.58	0.3	0.47	-0.67	0.63	0.8
Current Deferred Revenue	0.61	0.35	0.88	0.69	0.62	0.04	0.61	0.82		0.23	0.59	-0.02	0.2	0.44	0.4	0.52	0.01	0.53	0.62	0.62	-0.38	0.59	0.38	-0.66	0.63	0.52
Net Debt	0.2	0.45	0.27	0.42	0.08	0.52	0.06	-0.05	0.23		0.18	-0.8	-0.29	0.31	-0.07	0.12	0.44	0.18	0.46	-0.05	0.46	0.56	-0.37	0.13	-0.11	-0.32
Retained Earnings	0.99	0.84	0.82	0.89	0.98	0.55	0.98	0.38	0.59	0.18		0.22	0.77	0.91	0.78	0.98	0.64	0.98	0.93	0.89	-0.13	0.83	0.74	-0.84	0.88	0.33
Accounts Payable	0.22	-0.16	0.07	-0.1	0.34	-0.21	0.37	0.26	-0.02	-0.8	0.22		0.45	-0.03	0.35	0.29	-0.29	0.22	-0.12	0.45	-0.75	-0.17	0.58	-0.53	0.55	0.68
Cash	0.76	0.73	0.44	0.65	0.8	0.19	0.79	0.15	0.2	-0.29	0.77	0.45		0.81	0.9	0.81	0.48	0.74	0.65	0.76	0.01	0.33	0.87	-0.73	0.74	0.24
Non Current Assets Total	0.91	0.97	0.7	0.93	0.87	0.49	0.85	0.15	0.44	0.31	0.91	-0.03	0.81		0.82	0.91	0.73	0.88	0.95	0.75	0.23	0.72	0.64	-0.68	0.69	0.05
Non Currrent Assets Other	0.82	0.79	0.56	0.78	0.85	0.13	0.83	0.36	0.4	-0.07	0.78	0.35	0.9	0.82		0.83	0.34	0.74	0.72	0.81	-0.08	0.38	0.82	-0.84	0.82	0.45
Other Assets	0.99	0.84	0.8	0.87	0.97	0.47	0.96	0.29	0.52	0.12	0.98	0.29	0.81	0.91	0.83		0.59	0.96	0.9	0.87	-0.16	0.75	0.75	-0.85	0.88	0.34
Long Term Debt	0.6	0.76	0.29	0.53	0.51	0.85	0.49	-0.29	0.01	0.44	0.64	-0.29	0.48	0.73	0.34	0.59		0.7	0.7	0.3	0.54	0.74	0.29	-0.16	0.24	-0.45
Cash And Short Term Investments	0.98	0.82	0.76	0.82	0.95	0.64	0.94	0.3	0.53	0.18	0.98	0.22	0.74	0.88	0.74	0.96	0.7		0.9	0.82	-0.11	0.86	0.71	-0.78	0.83	0.27
Net Receivables	0.93	0.94	0.82	0.97	0.89	0.56	0.87	0.32	0.62	0.46	0.93	-0.12	0.65	0.95	0.72	0.9	0.7	0.9		0.77	0.13	0.86	0.58	-0.7	0.72	0.13
Common Stock Total Equity	0.88	0.67	0.77	0.78	0.95	0.24	0.97	0.64	0.62	-0.05	0.89	0.45	0.76	0.75	0.81	0.87	0.3	0.82	0.77		-0.38	0.61	0.87	-0.97	0.97	0.64
Common Stock Shares Outstanding	-0.15	0.34	-0.32	0.08	-0.25	0.27	-0.28	-0.58	-0.38	0.46	-0.13	-0.75	0.01	0.23	-0.08	-0.16	0.54	-0.11	0.13	-0.38		0.02	-0.29	0.5	-0.51	-0.86
Short Term Investments	0.81	0.71	0.73	0.74	0.75	0.81	0.74	0.3	0.59	0.56	0.83	-0.17	0.33	0.72	0.38	0.75	0.74	0.86	0.86	0.61	0.02		0.35	-0.51	0.58	0.07
Long Term Debt Total	0.73	0.55	0.54	0.58	0.83	0.08	0.83	0.47	0.38	-0.37	0.74	0.58	0.87	0.64	0.82	0.75	0.29	0.71	0.58	0.87	-0.29	0.35		-0.87	0.86	0.5
Non Current Liabilities Total	-0.86	-0.59	-0.78	-0.74	-0.93	-0.11	-0.93	-0.67	-0.66	0.13	-0.84	-0.53	-0.73	-0.68	-0.84	-0.85	-0.16	-0.78	-0.7	-0.97	0.5	-0.51	-0.87		-0.99	-0.74
Capital Surpluse	0.89	0.61	0.78	0.74	0.95	0.21	0.96	0.63	0.63	-0.11	0.88	0.55	0.74	0.69	0.82	0.88	0.24	0.83	0.72	0.97	-0.51	0.58	0.86	-0.99		0.71
Inventory	0.36	-0.01	0.42	0.23	0.48	-0.25	0.5	0.8	0.52	-0.32	0.33	0.68	0.24	0.05	0.45	0.34	-0.45	0.27	0.13	0.64	-0.86	0.07	0.5	-0.74	0.71

Click cells to compare fundamentals

Cango Account Relationship Matchups

Cango fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7B	12.1B	10.9B	7.0B	4.6B	7.4B
Short Long Term Debt Total	2.6B	2.6B	2.0B	1.1B	90.5M	86.0M
Other Current Liab	530.6M	730.7M	1.5B	1.0B	568.0M	692.8M
Total Current Liabilities	2.9B	2.5B	3.4B	2.5B	777.7M	738.9M
Total Stockholder Equity	5.5B	8.4B	7.0B	4.3B	3.8B	3.8B
Other Liab	34.1M	335.6M	52.5M	11.0M	12.7M	12.1M
Net Tangible Assets	5.3B	8.2B	6.8B	4.1B	4.7B	3.6B
Property Plant And Equipment Net	14.7M	10.3M	19.5M	95.4M	55.4M	31.3M
Current Deferred Revenue	67.1M	136.9M	403.7M	568.3M	138.3M	200.5M
Net Debt	602.5M	1.1B	569.4M	697.8M	(930.1M)	(883.6M)
Retained Earnings	852.5M	4.0B	3.0B	9.1M	(335.6M)	(318.8M)
Accounts Payable	8.2M	5.1M	4.0M	2.1M	23.8M	25.0M
Cash	2.0B	1.4B	1.4B	378.9M	1.0B	1.0B
Non Current Assets Total	3.2B	3.2B	3.3B	1.5B	764.6M	726.4M
Non Currrent Assets Other	2.3B	1.1B	1.1B	1.2B	660.8M	1.2B
Other Assets	2.4B	3.0B	3.1B	1.3B	1.4B	2.0B
Long Term Debt	301.7M	977.8M	486.4M	75.9M	712.0K	676.4K
Cash And Short Term Investments	2.6B	5.8B	4.0B	2.3B	1.7B	2.8B
Net Receivables	1.9B	2.6B	2.5B	1.6B	465.4M	442.1M
Common Stock Shares Outstanding	151.6M	152.0M	144.9M	137.0M	121.5M	115.4M
Short Term Investments	597.3M	4.3B	2.6B	1.9B	635.1M	603.3M
Liabilities And Stockholders Equity	8.7B	12.1B	10.9B	7.0B	4.6B	7.4B
Non Current Liabilities Total	335.8M	1.3B	538.8M	163.4M	53.9M	51.2M
Inventory	971.0M	9.7M	61.3M	1.7B	1.9B	2.0B
Other Current Assets	117.4M	558.4M	982.9M	1.5B	78.6M	74.7M
Other Stockholder Equity	4.5B	4.5B	4.2B	4.2B	4.0B	3.6B
Total Liab	3.2B	3.8B	4.0B	2.7B	831.6M	790.1M
Property Plant And Equipment Gross	14.7M	10.3M	19.5M	95.4M	84.1M	88.3M
Short Long Term Debt	2.3B	1.6B	1.5B	914.4M	40.0M	38.0M
Total Current Assets	5.5B	8.9B	7.6B	5.5B	3.9B	5.2B
Accumulated Other Comprehensive Income	119.4M	(115.4M)	(187.5M)	66.4M	111.8M	117.4M
Non Current Liabilities Other	21.8M	4.9M	991.6K	314.3K	226.0K	214.7K
Short Term Debt	2.3B	1.6B	1.5B	924.4M	47.6M	45.2M
Intangible Assets	44.8M	44.9M	45.9M	48.3M	48.4M	32.6M
Property Plant Equipment	14.7M	10.3M	19.5M	95.4M	109.7M	115.2M
Net Invested Capital	8.1B	10.9B	9.0B	5.3B	3.9B	6.5B
Net Working Capital	2.6B	6.4B	4.2B	2.9B	3.1B	3.6B

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 against Cango Stock

0.42

ETSY

Etsy Inc

Pair Corr

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.

Pair Correlation Correlation Matching

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

Details

Is Cango Stock a good investment?

Details

What is Cango's Net Worth?

Details

Largest Consumer Discretionary Distribution & Retail Companies

View

Largest Consumer Discretionary Companies

View

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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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

(0.04)

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.

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Cango Accounts Payable vs Current Deferred Revenue Analysis

Accounts Payable vs Current Deferred Revenue

Accounts Payable vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Accounts Payable

Current Deferred Revenue

Cango fundamental ratios Correlations

Cango Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cango fundamental ratios Accounts

Pair Trading with Cango

Moving against Cango Stock

Complementary Tools for Cango Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.98	Total Assets
Cash And Short Term Investments	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Stockholder Equity

Capital Surpluse	- 0.99	Non Current Liabilities Total
Non Current Liabilities Total	- 0.97	Common Stock Total Equity
Non Current Liabilities Total	- 0.93	Net Tangible Assets
Non Current Liabilities Total	- 0.93	Total Stockholder Equity
Non Current Liabilities Total	- 0.87	Long Term Debt Total
Inventory	- 0.86	Common Stock Shares Outstanding