Cango's (NYSE:CANG) Returns On Capital Tell Us There Is Reason To Feel Uneasy [Yahoo! Finance]
Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares (CANG)
Last cango inc. american depositary shares, each representing two (2) class a ordinary shares earnings: 3/23 04:30 pm
Check Earnings Report
Company Research
Source: Yahoo! Finance
Businesses in decline often have two underlying trends, firstly, a declining return on capital employed (ROCE) and a declining base of capital employed. Trends like this ultimately mean the business is reducing its investments and also earning less on what it has invested. So after glancing at the trends within Cango NYSE:CANG ), we weren't too hopeful. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Cango, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.026 = CN¥101m ÷ (CN¥4.6b - CN¥778m) (Based on the trailing twelve months to December 2023) So, Cango has an ROCE of 2.6%. Ultimately, that's a low return and it under-performs the Specialty Retail industry average of 14%. View our latest analysis for Cango Historical pe
Show less
Read more
Impact Snapshot
Event Time:
CANG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CANG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CANG alerts
High impacting Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares news events
Weekly update
A roundup of the hottest topics
CANG
News
- Cango Inc. Filed Its Annual Report on Form 20-FPR Newswire
- Cango Inc.'s (NYSE:CANG) largest shareholders are retail investors with 51% ownership, insiders own 28% [Yahoo! Finance]Yahoo! Finance
- Cango Inc. Announces Up to US$50 Million New Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Cango Inc. Announces Up to US$50 Million New Share Repurchase ProgramPR Newswire
- CANGO Mobility and MiTAC Announce Collaboration to Transform Fleet Management with Integrated Video Telematics and CANbus Data InsightPR Newswire
CANG
Sec Filings
- 4/26/24 - Form 20-F
- 4/25/24 - Form 6-K
- 3/13/24 - Form 6-K
- CANG's page on the SEC website