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Cango (CANG) Pre-Tax Income : $8.3 Mil (TTM As of Dec. 2023)


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What is Cango Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Cango's pretax income for the three months ended in Dec. 2023 was $-0.2 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $8.3 Mil. Cango's pretax margin was -0.95%.

During the past 8 years, Cango's highest Pretax Margin was 182.38%. The lowest was -44.16%. And the median was 35.08%.


Cango Pre-Tax Income Historical Data

The historical data trend for Cango's Pre-Tax Income 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.

* Premium members only.

Cango Pre-Tax Income Chart

Cango Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
Get a 7-Day Free Trial 69.55 572.43 1.93 -125.44 7.79

Cango Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -26.96 10.94 3.03 -5.51 -0.17

Competitive Comparison of Cango's Pre-Tax Income

For the Auto & Truck Dealerships subindustry, Cango's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cango's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Cango's Pre-Tax Income falls into.



Cango Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Cango's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=13.588+-16.316+-0.574+11.087+0
=7.8

Cango's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-0.946+-2.054+0+2.827+5.5511151231258E-17
=-0.2

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.3 Mil.

* 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.


Cango  (NYSE:CANG) Pre-Tax Income Explanation

Cango's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pretax Income/Revenue
=-0.173/18.24
=-0.95%

During the past 8 years, Cango's highest Pretax Margin was 182.38%. The lowest was -44.16%. And the median was 35.08%.

* 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.


Cango Pre-Tax Income Related Terms

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Cango (CANG) Business Description

Traded in Other Exchanges
Address
556 West Haiyang Road, 8th Floor, New Bund Oriental Plaza II, Pudong New Area, Shanghai, CHN, 200124
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.

Cango (CANG) Headlines

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