Cango (CANG) Short-term Investments (2017 - 2024)
Cango (CANG) recorded quarterly Short-term Investments of $40.7 million in Q4 2024, down 90.74% quarter-over-quarter from $439.3 million in Q3 2024, and down 82.45% on a YoY basis from $231.9 million in Q1 2024.
Cango (CANG) Short-term Investments (2017 - 2024) Analysis & Trends
Cango's Short-term Investments history runs 8 years deep, the most recent figure standing at $40.7 million for 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 was $40.7 million for Q4 2024 at Cango, down from $439.3 million in the prior quarter.
- In the past five years, Short-term Investments ranged from a high of $655.2 million in Q4 2020 to a low of $40.7 million in Q4 2024.
- Historically, Short-term Investments has averaged $314.7 million across 5 years, with a median of $305.8 million in 2022.
- The sharpest annual moves came in 2020 and 2024: Short-term Investments surged 673.22% in 2020, then sank 82.45% in 2024.
- A 5-year view of Short-term Investments shows it stood at $655.2 million in 2020, then plunged by 66.24% to $221.2 million in 2021, then rose by 23.41% to $273.0 million in 2022, then dropped by 15.03% to $231.9 million in 2023, then tumbled by 82.45% to $40.7 million in 2024.
- The last three Short-term Investments figures came in at $40.7 million (Q4 2024), $439.3 million (Q3 2024), and $376.5 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn |
| 10 | Cango | 88.70 Mn | 47.45 Mn | 24.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2020 | 104.72 Mn |