Cango (CANG) Short-term Investments (2017 - 2025)
Cango (CANG) posted quarterly Short-term Investments of $40.7 million for Q4 2024, down 82.45% year-over-year from $231.9 million in Q1 2024, and down 90.74% on a QoQ basis from $439.3 million in Q3 2024.
Cango (CANG) Short-term Investments (2017 - 2025) Analysis & Trends
Cango (CANG) has reported Short-term Investments for 8 consecutive years, with $40.7 million the latest figure, recorded in Q4 2024.
- In Q4 2024, Short-term Investments fell 82.45% year-over-year to $40.7 million; the TTM figure through Dec 2024 stood at $40.7 million (down 82.45% YoY), while the FY2024 annual figure was $40.1 million, down 83.05% from the prior year.
- Short-term Investments came in at $40.7 million for Q4 2024 at Cango, down from $439.3 million in the prior quarter.
- The five-year high for Short-term Investments was $655.2 million in Q4 2020, with the low at $40.7 million in Q4 2024.
- Average Short-term Investments over 5 years is $314.7 million, with a median of $305.8 million recorded in 2022.
- Across the five-year window, Short-term Investments surged 673.22% in 2020 and slumped 82.45% in 2024, its largest moves.
- Year by year, Short-term Investments stood at $655.2 million in 2020, then sank by 66.24% to $221.2 million in 2021, then climbed by 23.41% to $273.0 million in 2022, then retreated by 15.03% to $231.9 million in 2023, then plunged by 82.45% to $40.7 million in 2024.
- According to Business Quant data, Short-term Investments over the past three periods registered $40.7 million, $439.3 million, and $376.5 million for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn |
| 10 | Cango | 9,065.91 | -41.23 Mn | 24.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | 128.62 Mn |
| Dec 31, 2024 | 40.70 Mn |
| Sep 30, 2024 | 439.30 Mn |
| Jun 30, 2024 | 376.48 Mn |
| Mar 31, 2024 | 321.64 Mn |
| Dec 31, 2023 | 231.94 Mn |
| Sep 30, 2023 | 333.63 Mn |
| Jun 30, 2023 | 283.49 Mn |
| Mar 31, 2023 | 293.80 Mn |
| Dec 31, 2022 | 272.97 Mn |
| Sep 30, 2022 | 379.28 Mn |
| Jun 30, 2022 | 315.95 Mn |
| Mar 31, 2022 | 295.63 Mn |
| Dec 31, 2021 | 221.19 Mn |
| Sep 30, 2021 | 556.88 Mn |
| Jun 30, 2021 | 484.34 Mn |
| Mar 31, 2021 | 401.04 Mn |
| Dec 31, 2020 | 655.23 Mn |
| Sep 30, 2020 | 167.94 Mn |
| Jun 30, 2020 | 118.19 Mn |