Busn 460 financial analysis project week 20812(1) busn460 individual financial analysis project student name: instructions: go to the cango intranet found in the report guide tab under course home use the financial statements from. Cango signed agreements with third-party financial institutions, such as jincheng bank and jiangnan rural commercial bank, under which the company bears no credit risk. Financial analysis of cango cango has been growing rapidly ever since its formation it experienced a greater than expected growth in revenues however, the company is faced with some financial difficulties and so there is a need to take certain financial decisions. 90% of the online book sales comes from jit, the other 10% through the inventory which cango possesses 100% of the cd/dvd/mp3 come through cango inventory the result is that 80% of all sales is jit and 20% is inventory. Cango is a rapidly growing chinese automotive transaction service platform the company connects dealers, financial institutions, car buyers, and other industry participants my valuation model.
Cango is a young and dynamic company that operates in the intensely dynamic and competitive online retail and gaming space due to its value creating offerings, it has managed to grow at a very impressive rate and is now at the threshold of scaling up to the next level expanding both in terms of the products it offers and the geographies it. Complete ratio analysis of cango using the following assumptions 1 at the beginning of 2009, cango purchased the online gaming company this purchase was for cash, paid for through the proceeds o by alkamurarka in types school work, ratios, and income statement. Instructions: go to the cango intranet found in the report guide tab under course home use the financial statements from the most recent year to fill in the table below you may find some formulae calling for an average, eg, average inventory, average receivables. Financial analysis project go to the cango intranet http myphlip2pearsoncmgcom masteringbusiness cango and pull the financial statements use these to my account.
Financial analysis cango is off to a good start financially cango has done a great job of not taking on more debt than they can handle cango also has very good current and quick ratios, with a current ratio of 539 and a quick ratio of 453 it is pretty clear that cango could easily pay of their debt if need be and still be able to keep running. Cango financial analysis financial analysis first in this report, our team has prepared a detailed analysis of cango's current financial condition, which included income statement and balance sheet reorganization and complete analysis of the company's financial ratios. Cango financial analysis is a standard assignment for every student who wants to improve knowledge in the field of business the primary task is to join intranet of cango and collect information about its activity.
About wikiwealthcom wikiwealthcom is a collaborative research and analysis website that combines the sum of the world's knowledge to produce the highest quality research reports for over 6,000 stocks, etfs, mutual funds, currencies, and commodities. Go to the cango intranet found in the report guide tab under course home use the financial statements from the most recent year to fill in the table below you may find some formulae calling for an average, eg, average inventory, average receivables. Cango financial analysis the success of cango will depend on its ability to make a reasonable profit over the next five years, while being able to pay all it financial obligation and earning a rate of return which is at or above the industry average.
Cango analysis overview: my initial observation is that cango is a company that has had some success so far liz and her company have many great ideas for the future of the company. Following up with our initial analysis last week, newgen had the opportunity to review cango's financial statement the success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns. As of march 31, 2018, our platform connected 37,667 registered dealers, 11 third-party financial institutions and 29 other industry participants, including oems, online advertising platforms and insurance brokers and companies, and had served 734,336 car buyers cumulatively since inception.
My swot analysis outcome shows that the threats and weaknesses outweigh the strengths and opportunities the issue exposed is there is work to be done in the managerial and organization areas. Busn460 week 1 - 2 analysis report essay team a - all pro consulting week 2 analysis report kai chan mary ann insall jason borron thomas burris marcus coss devry university introduction cango, inc, founded in 1996 by founder and ceo elizabeth and her friend andrew, is located in hudson valley. Creating value is the central task for any executive to generate value, managers need to be able to assess the financial impact of their decisions, which in turn requires an understanding of financial analysis techniques and valuation methods.
Financial analysis according to the cango's balance sheet, it appears that they are using much of their short term assets to acquire inventory for the company cango's plant, property, and equipment are depreciating at a rate of $320,000 per year and have a useable life of 20 years before they are fully depreciated. Team behs conducted an internal analysis (strengths and weaknesses) of costs, finances, market share and resources available based on the financial data provided by cango thorough evaluation was performed to determine if the organization can has the resources to move into new markets and provide a justification by an operational cost analysis. Cango week 1&2 analysis introduction strategy one, in review of cango's requirements, has spent the previous two weeks in discussions to learn and discover the business and needs of cango operations.
Go to the cango intranet and pull the financial statements use these to fill out the table found in doc sharing labeled financial analysis project, and submit to the individual financial analysis dropbox in week 3 after making sure that you have added your last name at the beginning of the file. Cango's financial condition can be measured by analyzing its financial statements, in particular by conducting a ratio analysis the company is liquid its current ratio is very high at 539 and quick ratio likewise at 453. Ratio formula (express the ratio in words) detailed calculation (actual numbers from financial statements used for the calculation) final number (final result of the detailed calculation) explanation of why ratio is important earned points (up to 3 points per box/cell) instructor feedback. Stock analysis analyst research guru analysis stock reports competitors fundamentals financials revenue/eps sec filings short interest dividend history holdings ownership summary institutional.