Cango (CANG) Gross-Profit-to-Asset % : 1.62% (As of Dec. 2023)

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What is Cango Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Cango's annualized Gross Profit for the quarter that ended in Dec. 2023 was $10.8 Mil. Cango's average Total Assets over the quarter that ended in Dec. 2023 was $668.7 Mil. Therefore, Cango's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 1.62%.

Cango Gross-Profit-to-Asset % Historical Data

The historical data trend for Cango's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cango Gross-Profit-to-Asset % Chart

Cango Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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11.14

9.41

8.46

1.58

3.21

Cango Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															0.28	3.63	3.77	3.65	1.62

Competitive Comparison of Cango's Gross-Profit-to-Asset %

For the Auto & Truck Dealerships subindustry, Cango's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cango's Gross-Profit-to-Asset % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cango's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Cango's Gross-Profit-to-Asset % falls into.

Cango Gross-Profit-to-Asset % Calculation

Cango's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	26.618	/	( (1006.39	+	651.048)	/ 2 )
	=	26.618	/	828.719
	=	3.21 %

Cango's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	10.844	/	( (686.354	+	651.048)	/ 2 )
	=	10.844	/	668.701
	=	1.62 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Cango Gross-Profit-to-Asset % Related Terms

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Cango (CANG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cango Inc (NYSE:CANG) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

9C0A:Germany

Address

556 West Haiyang Road, 8th Floor, New Bund Oriental Plaza II, Pudong New Area, Shanghai, CHN, 200124

Website

https://www.cangoonline.com

Cango Inc is an automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services mainly consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.