Cango Inc (CANG) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Cango Inc (CANG) has a cash flow conversion efficiency ratio of -138.412x as of March 2023. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-567.61 Billion) by net assets ($4.10 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cango Inc - Cash Flow Conversion Efficiency Trend (2016–2024)
This chart illustrates how Cango Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Cango Inc debt and liabilities for a breakdown of total debt and financial obligations.
Cango Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Cango Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Spurcorp
JSE:SUR
|
0.257x |
|
Silicon Power Computer & Communications
TWO:4973
|
0.027x |
|
Summit Securities Limited
NSE:SUMMITSEC
|
0.008x |
|
Chesapeake Gold Corp.
V:CKG
|
-0.008x |
|
Richardson Electronics Ltd
NASDAQ:RELL
|
-0.001x |
|
Zinus Inc
KO:013890
|
0.131x |
|
Hawesko Holding AG
XETRA:HAW
|
-0.017x |
|
Isu Chemical Co Ltd
KO:005950
|
0.147x |
Annual Cash Flow Conversion Efficiency for Cango Inc (2016–2024)
The table below shows the annual cash flow conversion efficiency of Cango Inc from 2016 to 2024. For the full company profile with market capitalisation and key ratios, see CANG company net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $4.09 Billion | $-310.20 Million | -0.076x | -128.24% |
| 2023-12-31 | $3.82 Billion | $1.03 Billion | 0.269x | +304.76% |
| 2022-12-31 | $4.32 Billion | $-567.39 Million | -0.131x | -126.94% |
| 2021-12-31 | $6.99 Billion | $-404.39 Million | -0.058x | +22.06% |
| 2020-12-31 | $8.38 Billion | $-621.61 Million | -0.074x | -196.38% |
| 2019-12-31 | $5.49 Billion | $422.90 Million | 0.077x | +119.01% |
| 2018-12-31 | $5.26 Billion | $184.79 Million | 0.035x | +116.00% |
| 2017-12-31 | $-2.68 Billion | $589.30 Million | -0.220x | -887.38% |
| 2016-12-31 | $-3.73 Billion | $83.03 Million | -0.022x | -- |
About Cango Inc
Cango Inc. operates bitcoin mining business with mining operation across North America, the Middle East, South America, and East Africa. It also operates an online international used car export business through AutoCango.com. Cango Inc. was founded in 2010 and is headquartered in Dallas, Texas.