Cango

Cango ROA

The Return on Assets (ROA) of Cango (CANG) as of Nov 8, 2026 is 5.03 %. In the previous year, Return on Assets (ROA) was -0.82 % — a change of -714.89% (higher).

ROA

5.03 %

YoY

-714.89%

Last updated:

In 2024, Cango's return on assets (ROA) was 5.03 %, a -714.89% increase from the -0.82 % ROA in the previous year.

The Cango ROA history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROA
Date
ROA
Jan 1, 2017
8.59 CNY
Jan 1, 2018
4.15 CNY
Jan 1, 2019
4.47 CNY
Jan 1, 2020
27.74 CNY
Jan 1, 2021
-0.08 CNY
Jan 1, 2022
-15.84 CNY
Jan 1, 2023
-0.82 CNY
Jan 1, 2024
5.03 CNY
The Cango ROA history
YEARROAYoY
5.03 %-714.89%
-0.82 %-94.84%
-15.84 %+20,297.59%
-0.08 %-100.28%
27.74 %+520.05%
4.47 %+7.91%
4.15 %-51.72%
8.59 %-5.24%
9.06 %—

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Cango Stock analysis

What does Cango do? Cango, Inc. generates revenue through its automotive transaction service platform that connects dealers, financial institutions, and car buyers. The company offers automotive financing facilitation, transaction facilitation, and after-market services facilitation, including credit origination, assessment, servicing, and delinquent asset management. Additional services include car sourcing, logistics, warehousing support for dealers, and facilitation of car purchases for buyers. The company also facilitates after-market services such as insurance policy sales, providing personal accident insurances and automotive insurances through its platform. Cango's primary customers are dealers, financial institutions, and car buyers who use its integrated solutions for automotive financing transactions and vehicle purchases. Dealers benefit from car sourcing, logistics, and warehousing support, while financial institutions utilize credit assessment and servicing services. Car buyers access financing options and insurance products via the platform, with insurance policies sourced from brokers or companies. The company's revenue streams include fees for facilitating automotive transactions, financing services, and after-market insurance sales. Dealers pay for sourcing and logistics support, financial institutions pay for credit assessment and servicing, and car buyers purchase insurance products directly through the platform. These services are delivered through Cango's integrated platform that supports the full lifecycle of automotive financing transactions. Cango is one of the most popular companies on Eulerpool.

ROA Details

Understanding Cango's Return on Assets (ROA)

Cango's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Cango's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Cango's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Cango’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Cango stock

Return on Assets (ROA) of Cango is 5.03 % in 2024.

Return on Assets (ROA) of Cango changed from -0.82 % to 5.03 %, representing a -714.89% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Return on Assets (ROA) Cango since 2006 – with annual values, charts, and detailed analysis.

Return on Assets, also known as ROA, is a financial metric used to measure a company's profitability. It is used to determine how effectively a company uses its assets to generate profits. It is also referred to as the ratio of net income to total assets. ROA is an important indicator of a company's overall financial performance as it measures the company's ability to generate more profit from the assets it employs.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Assets (ROA)'s Cango with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Assets (ROA)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Assets (ROA).

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Profitability — Cango

All Key Metrics — Cango