Cango (CANG) Goodwill (2018 - 2023)
Cango (CANG) recorded Goodwill of $20.5 million in Q2 2023, down 7.6% from $22.19 million a year earlier and down 5.3% from the prior quarter.
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Analysis
Cango (CANG) Goodwill (2018 - 2023) Analysis & Trends
At the end of FY2022, Cango reported Goodwill of $20.94 million, down 10.2% from FY2021.
- Annual Goodwill has a four-year compound annual growth rate of -0.2% (FY2018 to FY2022).
- Across earlier years, Goodwill came in at $23.33 million in FY2021 (+4.9%), $22.23 million in FY2020 (+6.7%), $20.84 million in FY2019 (-1.2%) and $21.1 million in FY2018.
- The Q2 2023 figure is the lowest quarterly Goodwill since Q1 2020.
- On a year-over-year basis, Goodwill has declined for five consecutive quarters, with an average decline of 2.0% over the last eight quarters.
- Peak year-over-year performance for Goodwill in the last five years was growth of 9.4% in Q2 2021, against a decline of 10.1% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $21.65 million (Q1 2023), $20.9 million (Q4 2022) and $20.9 million (Q3 2022).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn |
| 10 | Cango | 81.37 Mn | -128,618.41 Bn | 86,491.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2023 | 20.50 Mn |
| Mar 31, 2023 | 21.65 Mn |
| Dec 31, 2022 | 20.90 Mn |
| Sep 30, 2022 | 20.90 Mn |
| Jun 30, 2022 | 22.19 Mn |
| Mar 31, 2022 | 23.45 Mn |
| Dec 31, 2021 | 23.25 Mn |
| Sep 30, 2021 | 23.07 Mn |
| Jun 30, 2021 | 22.47 Mn |
| Mar 31, 2021 | 22.14 Mn |
| Dec 31, 2020 | 21.89 Mn |
| Sep 30, 2020 | 21.37 Mn |
| Jun 30, 2020 | 20.53 Mn |
| Mar 31, 2020 | 20.49 Mn |
| Dec 31, 2019 | 20.58 Mn |
| Sep 30, 2019 | 20.30 Mn |
| Jun 30, 2019 | 21.13 Mn |
| Mar 31, 2019 | 21.62 Mn |
| Dec 31, 2018 | 20.98 Mn |
| Sep 30, 2018 | 21.12 Mn |
API Access
Cango Goodwill API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=goodwill&ticker=CANG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "ticker": "CANG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=goodwill&ticker=CANG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();