Cango Inc. (CANG) [Rocket]

In millions of CNY, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16
	Source	Source	Source	Source	Source	Source
Turnover Ratios
Inventory turnover	31.7	35.7	96.4	105.0
Asset turnover	0.3	0.2	0.2	0.2

Returns on Capital
ROIC (excluding intangibles)	0.2%	3.6%	5.4%	9.2%
ROIC (including intangibles)	0.2%	2.9%	4.3%	5.2%	49.5%
ROE	0.2%	3.4%	4.9%	4.1%	27.8%
ROA	0.1%	2.4%	3.1%	2.9%	17.5%

Cash Conversion Cycle
Days sales outstanding	20.8	25.2	37.7	28.9	29.7
Days payables outstanding	0.5	1.7	5.6	14.3	8.8
Days inventory outstanding	16.3	18.2	4.6	3.7	3.6
Cash conversion cycle	36.6	41.7	36.7	18.4	24.4