Cango Swot
SWOT Analysis
Strengths
CanGo has been able to sustain revenue growth, enjoy a superb net profit margin of 11%, and offer excellent customer service. This is all despite not having a complete understanding of their position in the market or having a solid marketing strategy. The fact that they have risen quite rapidly speaks volumes about their outrageous customer service, product offerings, and expedient internal processes.
Their balance sheet is not without flaw, but it shows a strong bottom line.
Balance Sheet
ASSETS 31-Dec-09
Cash $20,900,000
Marketable Securities $117,000,000
Accounts Receivable $33,000,000
Less: Allowance for Bad Debts ($880,000)
Net Accounts Receivable $32,120,000 Inventory
Raw Materials $2,000,000
Work-in-process $1,000,000
Finished Goods $5,000,000
Inventory Purchased for Resale $24,000,000
Total Inventory $32,000,000 Plant, Property and Equipment $6,700,000
Less: Accumulated Depreciation ($320,000)
Net Plant, Property and Equipment $6,380,000 Prepaid Expenses $200,000 Goodwill and Other Purchased Intangibles $28,000,000
Less: Amortization ($700,000)
Net Goodwill and Other Purchased Intangibles $27,300,000 Total Assets $235,900,000
LIABILITIES AND OWNERS' EQUITY
Accounts Payable $22,000,000
Accrued Advertising $11,800,000
Other Liabilities and Accrued Expense $1,400,000
Current Portion of Long-Term Debt $2,300,000 Long Term Debt $57,400,000 Preferred Stock, $100 par value per share, 100,000 authorized, 0 shares issued and outstanding $0 Common Stock, $1 par value per share, 250,000,000 shares authorized, 13,000,000 shares issued, 12,900,000 outstanding $13,000,000
Additional Paid-in-Capital in excess of par value, Common Stock $117,000,000 Treasury Stock ($1,000,000) Retained Earnings (less Cash Dividends Paid) $12,000,000 $11,000,000 Total Liabilities and Owner's Equity
Strengths
CanGo has been able to sustain revenue growth, enjoy a superb net profit margin of 11%, and offer excellent customer service. This is all despite not having a complete understanding of their position in the market or having a solid marketing strategy. The fact that they have risen quite rapidly speaks volumes about their outrageous customer service, product offerings, and expedient internal processes.
Their balance sheet is not without flaw, but it shows a strong bottom line.
Balance Sheet
ASSETS 31-Dec-09
Cash $20,900,000
Marketable Securities $117,000,000
Accounts Receivable $33,000,000
Less: Allowance for Bad Debts ($880,000)
Net Accounts Receivable $32,120,000 Inventory
Raw Materials $2,000,000
Work-in-process $1,000,000
Finished Goods $5,000,000
Inventory Purchased for Resale $24,000,000
Total Inventory $32,000,000 Plant, Property and Equipment $6,700,000
Less: Accumulated Depreciation ($320,000)
Net Plant, Property and Equipment $6,380,000 Prepaid Expenses $200,000 Goodwill and Other Purchased Intangibles $28,000,000
Less: Amortization ($700,000)
Net Goodwill and Other Purchased Intangibles $27,300,000 Total Assets $235,900,000
LIABILITIES AND OWNERS' EQUITY
Accounts Payable $22,000,000
Accrued Advertising $11,800,000
Other Liabilities and Accrued Expense $1,400,000
Current Portion of Long-Term Debt $2,300,000 Long Term Debt $57,400,000 Preferred Stock, $100 par value per share, 100,000 authorized, 0 shares issued and outstanding $0 Common Stock, $1 par value per share, 250,000,000 shares authorized, 13,000,000 shares issued, 12,900,000 outstanding $13,000,000
Additional Paid-in-Capital in excess of par value, Common Stock $117,000,000 Treasury Stock ($1,000,000) Retained Earnings (less Cash Dividends Paid) $12,000,000 $11,000,000 Total Liabilities and Owner's Equity