Cango Historical Financial Ratios
| CANG Stock | USD 4.58 0.03 0.66% |
Cango is presently reporting on over 122 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 1.43, PTB Ratio of 0.24 or Days Sales Outstanding of 94.82 will help investors to properly organize and evaluate Cango Inc financial condition quickly.
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About Cango Financial Ratios Analysis
Cango IncFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Cango investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Cango financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Cango history.
Cango Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Cango Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Cango sales, a figure that is much harder to manipulate than other Cango Inc multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Cango Inc dividend as a percentage of Cango stock price. Cango Inc dividend yield is a measure of Cango stock productivity, which can be interpreted as interest rate earned on an Cango investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Tangible Asset Value
The total value of a company's physical, tangible assets, excluding intangible assets like patents and trademarks.Most ratios from Cango's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios 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 fundamentals ratios, 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. At this time, Cango's Free Cash Flow Yield is most likely to increase slightly in the upcoming years. The Cango's current Operating Cash Flow Per Share is estimated to increase to 8.87, while Days Sales Outstanding is projected to decrease to 94.82.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.33 | 1.51 | 1.36 | 1.43 | Price To Sales Ratio | 0.74 | 0.62 | 0.52 | 0.49 |
Cango fundamentals Correlations
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Cango Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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: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. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.