Cango Days Sales Outstanding vs Capex To Revenue Analysis
CANG Stock | USD 4.46 0.12 2.62% |
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 Days Sales Outstanding and its Capex To 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.
Days Sales Outstanding vs Capex To Revenue
Days Sales Outstanding vs Capex To Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cango Inc Days Sales Outstanding account and Capex To Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Cango's Days Sales Outstanding and Capex To Revenue is 0.52. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Capex To 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 Days Sales Outstanding and Capex To 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 Days Sales Outstanding of Cango Inc are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Days Sales Outstanding i.e., Cango's Days Sales Outstanding and Capex To Revenue go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Days Sales Outstanding
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.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 closely tied 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 |
Cango fundamental ratios Correlations
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Cango Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 780.5M | 1.4B | 1.3B | 385.2M | 695.7M | |
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 | 25.0M | 23.8M | 13.4M | |
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 | 2.5B | 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 | 583.3M | 1.2B | 1.6B | 1.8B | 1.9B | |
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 |
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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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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 0.18 | 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.