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ContextLogic (ContextLogic) Net-Net Working Capital : $7.26 (As of Dec. 2023)


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What is ContextLogic Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

ContextLogic's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $7.26.

The industry rank for ContextLogic's Net-Net Working Capital or its related term are showing as below:

WISH's Price-to-Net-Net-Working-Capital is ranked better than
94.64% of 317 companies
in the Retail - Cyclical industry
Industry Median: 6.34 vs WISH: 0.78

ContextLogic Net-Net Working Capital Historical Data

The historical data trend for ContextLogic's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ContextLogic Net-Net Working Capital Chart

ContextLogic Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -93.08 6.08 8.19 17.14 7.26

ContextLogic Quarterly Data
Dec17 Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.14 14.78 11.94 9.37 7.26

Competitive Comparison of ContextLogic's Net-Net Working Capital

For the Internet Retail subindustry, ContextLogic's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ContextLogic's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ContextLogic's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where ContextLogic's Price-to-Net-Net-Working-Capital falls into.



ContextLogic Net-Net Working Capital Calculation

ContextLogic's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(382+0.75 * 0+0.5 * 0-206
-0-0)/24.229
=7.26

ContextLogic's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(382+0.75 * 0+0.5 * 0-206
-0-0)/24.229
=7.26

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


ContextLogic  (NAS:WISH) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


ContextLogic Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of ContextLogic's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


ContextLogic (ContextLogic) Business Description

Traded in Other Exchanges
Address
One Sansome Street, 33rd Floor, San Francisco, CA, USA, 94104
ContextLogic Inc is an online shopping store. The store provides personalized products, clothing products, accessories, gaming products and equipment, cosmetics, plastic products, mobile covers, and other products. Geographically, it derives a majority of revenue from Europe and also has a presence in North America; South America, and other countries.
Executives
Jerry Louis officer: Chief Technology Officer ONE SANSOME STREET, 33RD FLOOR, SAN FRANCISCO CA 94104
Stephanie Tilenius director C/O IRONPLANET, INC., 4695 CHABOT DRIVE, SUITE 102, PLEASANTON CA 94588
Mauricio Monico officer: Chief Product Officer ONE SANSOME STREET 33RD FLOOR, SAN FRANCISCO CA 94104
Jun Yan officer: CEO ONE SANSOME STREET, 33RD FLOOR, SAN FRANCISCO CA 94104
Ying Vivian Liu officer: CFO and COO ONE SANSOME STREET 33RD FLOOR, SAN FRANCISCO CA 94104
Lawrence M Kutscher director ONE DIAMOND HILL RD, MURRAY HILL NJ 07974
Brett Just officer: SVP, Finance ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA 94104
Shuyan (rachel) Wang officer: Head of Data Science ONE SANSOME STREET 33RD FLOOR, SAN FRANCISCO CA 94104
Tarun Kumar Jain officer: Chief Product Officer ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA 94104
Vijay Talwar director, officer: Chief Executive Officer 705 FIFTH AVENUE SOUTH, SUITE 900, SEATTLE WA 98104
Piotr Szulczewski director, 10 percent owner, officer: Founder, CEO, and Chairperson ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA 94104
Hans Tung director 3000 SAND HILL ROAD, BUILDING 4, SUITE 230, MENLO PARK CA 94025
Pai Liu officer: Vice President of Data Science ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA 94104
Devang Shah officer: General Counsel and Secretary 699 8TH STREET, SAN FRANCISCO CA 94103
Hamid Reza Kassaei officer: Chief Technology Officer ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA 94104